The stock market finished mixed on Tuesday, with the Dow Jones the sole loser with a marginal 0.03-percent dip, as investors awaited clarity on President Donald Trump’s new tariff rollout.
The tech-heavy Nasdaq ended 0.87 percent higher, while the S&P 500 grew 0.38 percent.
Meanwhile, 10 individual stocks outperformed the bellwether indices, finishing the day in the green amid a flurry of fresh corporate developments that boosted investor appetite.
In this article, we named Tuesday’s top performers and detailed the reasons behind their gains.
To come up with the list, we considered only the stocks with a $2-billion market capitalization and $5 million in trading volume.
A man in long sleeves looking at stock market data. Photo by Tima Miroshnichenko on Pexels
10. Strategy Inc. (NASDAQ:MSTR)
Strategy Inc., formerly MicroStrategy, grew its share prices by 6.16 percent on Tuesday to end at $306.02 apiece following an analyst’s bullish rating for the company amid optimism about its financial prospects.
On Tuesday, TD Cowen reaffirmed its Buy rating and a price target of $550 for MSTR over its $722.5-million fixed income offer that could bolster its acquisition of more Bitcoins.
According to the analyst, the issuance of non-convertible preferred shares was a strategic move that will allow the company to advance its Bitcoin acquisition strategy.
Meanwhile, TD Cowen expects MSTR to finance dividends on the new shares mainly through the issuance of common equity under its ATM program which could be extended or supplemented in the future.
Just recently, MSTR was among the Bitcoin mining giants that earned a boost from the US government’s backing of the cryptocurrency industry.
According to President Donald Trump, he plans to make the cryptocurrency industry a national priority.
9. Rivian Automotive Inc. (NASDAQ:RIVN)
Rivian Automotive grew its share prices for a second day by 6.67 percent to end at $13.28 apiece as investors resumed buying shares following its planned expansion into the lightweight electric vehicle industry.
Last week, the company announced that it secured $105 million in funding for its newly spun-off business called Also Inc., which would focus on the development of its lightweight electric vehicle market.
In a statement, RIVN founder and CEO RJ Scaringe said that a range of vehicle types and form factors will be needed for the global adoption and transition to electrified transportation.
“I am extremely excited about the innovations developed by the Also team that will underpin a range of highly compelling micromobility products that will help define new categories,” he said.
Lightweight EVs aside, RIVN would continue to expand its core business with the launch of R2, a five-seater SUV designed for the adventurous market. It said it expects customer deliveries to begin in the first half of 2026.
8. AppLovin Corp. (NASDAQ:APP)
AppLovin saw its share prices rise by 6.69 percent on Tuesday to end at $282.7 apiece as investors cheered the company’s reassurance of best business practices, debunking allegations from Muddy Waters that it might be extracting proprietary IDs from major social media platforms, a violation of data privacy laws and could lead to deplatforming.
According to APP, it hired Quinn Emanuel Firm to conduct an independent review and investigation into Muddy Waters’ allegations.
“We are fully committed to defending the Company, its operations, and its reputation from those seeking to manipulate the market through false narratives,” said APP CEO Adam Foroughi. “We will take all necessary steps to ensure the facts are known and to protect our employees, stockholders, and partners.”
7. Nebius Group Inc. (NASDAQ:NBIS)
Nebius Group grew its share prices by 7.48 percent on Tuesday to finish at $22.69 each as investors repositioned their portfolios over continued investor confidence while trading in line with Nasdaq’s rally.
In recent news, NBIS announced developments to boost the adoption and support of Artificial Intelligence, including a tie-up with the Stevens Institute of Technology for the launch of the Laboratory for AI in Mathematics Education at Stevens in Hoboken, New Jersey.
With the aim of exploring and promoting innovative AI uses in math research and education, NBIS said the new laboratory will investigate how large language models (LLMs) and other AI technologies can be used to promote mathematical reasoning skills and transform teaching practices.
Additionally, the company announced its role as an early adopter cloud provider of the NVIDIA Blackwell Ultra platform offering NVIDIA GB300 NVL72-powered instances by the end of 2025. The instances were said to be accelerated by 72 NVIDIA Blackwell Ultra GPUs.
NBIS said it plans to make NVIDIA Blackwell GPU capacity generally available to its US data centers by the second quarter of the year, with its New Jersey data center expected to be exclusive to the platform’s GPUs. Meanwhile, its facility in Kansas will deploy NVIDIA HGX B2000.
6. Bloom Energy Corp. (NYSE:BE)
Bloom Energy rallied by 8.04 percent on Tuesday to finish at $21.24 apiece following news that it entered into a 15-year power purchase agreement with Conagra Brands Inc. (NYSE:CAG) for the deployment of BE’s fuel cell technology at CAG’s facilities in Ohio.
In a statement on Tuesday, CAG said that the PPA will see approximately 6 megawatts and provide combustion-free electricity generation, supplying approximately 70 percent to 75 percent of the electricity needs at the Troy and Archbold facilities, while also projecting a 19-percent decrease in their greenhouse gas emissions.
The initiative was in line with CAG’s 2030 science-based greenhouse gas reduction target.
“We are delighted to partner with Conagra Brands, a leading branded food company,” said BE C&I Sector Leader Adam Colling. ”Our collaboration underscores Bloom’s commitment to providing clean and reliable energy solutions and driving economic value in grid-constrained regions like Ohio and the greater Midwest.”
5. Core Scientific Inc. (NASDAQ:CORZ)
Core Scientific jumped by 10.50 percent on Tuesday to end at $8 apiece as investors resorted to bargain-hunting following two days of losses.
In recent news, CORZ announced the expansion of its existing footprint in Dalton, Georgia, with an additional 170 acres of land set for development.
The company is looking to build an AI data center called Dalton 4 in the area, close to its existing facilities, which it expects to open by July 2026.
According to reports, another facility is expected to be built in the future.
At present, CORZ boasts a 195MW footprint, with one of its data centers housing Nvidia Corp.’s DGX hardware.
CORZ is one of the leading companies in digital infrastructure for high-performance computing which provides facilities, digital infrastructure, software solutions, and services to its customers.
4. CleanSpark Inc. (NASDAQ:CLSK)
CleanSpark snapped a five-day losing streak on Tuesday, jumping 12.50 percent to close at $7.56 apiece as investors resorted to bargain-hunting to take advantage of its cheap valuations.
On Tuesday, CLSK dropped to its lowest price of $6.59 apiece before investors turned buyers to push its prices slightly higher toward the close.
Just recently, CLSK earned a positive rating from HC Wainwright following the recent selloff in Bitcoin miners, dragged by the continued trade tensions globally, saying that the drop created a “very attractive buying opportunity.”
According to CLSK, it increased the number of mined Bitcoins for February by 624 to push its total holdings to 11,177.
CleanSpark responsibly develops infrastructure for Bitcoin, an essential tool for financial independence and inclusion.
3. Hesai Group Inc. (NASDAQ:HSAI)
Shares of Hesai Group jumped by 17.77 percent on Tuesday to end at $17.43 apiece following news that Baidu deployed 1,000 unmanned vehicles in Dubai, all equipped with HSAI’s lidar technology.
The collaboration stemmed from an exclusive agreement with Baidu Apollo in July 2024 to equip Apollo with HSAI’s lidar technology, as it aims to facilitate level 4 autonomous driving in the city’s complex environment.
HSAI CEO David Li emphasized the importance of their lidar technology in achieving safe and efficient autonomous vehicle operations, particularly in intricate urban settings.
In recent news, HSAI announced that it broke ground for its first overseas factory to shield itself from the growing trade tensions between the United States and China.
In a report by the Financial Times, HSAI is slated to build its first overseas plant next year as it looks to build production lines overseas in addition to its factories in China “to avoid risks related to geopolitics and tariffs.”
“Our clients who are hoping to diffuse the risks have found it a wise approach,” HSAI Chief Finance Officer Andrew Fan was quoted as saying.
2. CoreWeave Inc. (NASDAQ:CRWV)
Newly listed CoreWeave Inc. saw its share prices surge by 41.77 percent on Tuesday, its third day as a public company, as investors resorted to bargain-hunting following Monday’s drop.
CRWV listed 37.5 million shares at $40 apiece on the US stock exchange after initially targeting a sale of 49 million shares at between $47 and $55 apiece.
CRWV was one of the most anticipated initial public offerings this year, having been backed by Nvidia Corp.
Further adding to the positive sentiment was CRWV’s edge with OpenAI, with the latter securing $40 billion in funding from SoftBank to bolster AI.
It can be learned that CRWV reached an $11.9-billion deal with OpenAI in March. According to analysts, the deal could reduce CRWV’s reliance on Microsoft which earlier lessened its commitment to the company for missing deadlines and materials delivery issues needed to scale its artificial intelligence models.
1. Newsmax Inc. (NYSE:NMAX)
Newly listed Newsmax Inc. soared by as much as 217 percent at intra-day trading on Tuesday before a slight pullback to finish the day up by 179.01 percent at $233 apiece.
From its initial public offering price of $10 apiece, Tuesday’s share price marked a jump of 2,230 percent.
In an interview with CNBC earlier, NMAX CEO Christopher Ruddy said that investors are powerfully buying Newsmax shares “because they like us, they value us, and they want us to keep growing.”
“We’re going out with a market cap of $1.2 [billion]. But we don’t see ourselves as a value stock. We see ourselves as a growth stock. So those multiples are going to be a lot higher,” he noted.
While we acknowledge the potential of NMAX as an investment, our conviction lies in the belief that some AI stocks hold greater promise for delivering higher returns and doing so within a shorter time frame. If you are looking for an AI stock that is as promising as NMAX but trades at less than 5 times its earnings, check out our report about the cheapest AI stock.
READ NEXT: 20 Best AI Stocks To Buy Now and 30 Best Stocks to Buy Now According to Billionaires.
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