Investor Optimism Boosts Jump of These 10 Stocks

Wall Street’s main indices ended Monday’s trading session on a mixed note, with the Dow Jones Industrial Average the only decliner, dipping by 0.06 percent or 25.57 points to close at 42,706.56.

In contrast, the S&P 500 and Nasdaq Composite both registered gains, up 0.45 percent and 1.24 percent, respectively.

Monday’s overall rally was largely driven by strong performances in the bitcoin mining and quantum computing sectors, with 10 companies seeing notable gains.

To come up with the day’s top advancers, we considered only the stocks with at least $2 billion in market capitalization and $5 million in daily trading volume.

A man in long sleeves looking at stock market data. Photo by Tima Miroshnichenko on Pexels

10. Oklo Inc. (NYSE:OKLO)

Advanced nuclear technology firm Oklo Inc. saw its share price jump by 10.09 percent to an all-time high on Monday to finish at $30 apiece, with analysts pointing to its role in the AI-driven energy transformation as having fueled the rise, underscoring its robust performance and investor optimism on its growth potential.

Over the past 30 days, shares in the company were already up by 40.16 percent, while the past five days alone saw a rally of 36.55 percent.

Earlier, Oklo obtained a historic 12-gigawatt power agreement with Switch and a 750-megawatt arrangement with other data center providers, highlighting its appeal to technology-driven industries looking for zero-carbon power solutions.

Oklo’s modular nuclear reactors have helped it to become a major player in satisfying data center demands, especially artificial intelligence applications, and growing energy needs.

9. Micron Technology Inc. (NASDAQ:MU)

Micron Technology saw its shares higher by 10.45 percent on Monday to close at $99.26 apiece, in line with a broader sector optimism, after Foxconn’s record-breaking revenues gave the latest indication that demand for artificial intelligence infrastructure is set to jump this year.

Despite announcing disappointing earnings results in the past few weeks, optimism was boosted by developments linked to Nvidia, a titan in the artificial intelligence sector.

According to analysts, investors are buzzing about Nvidia’s sustained demand for its cutting-edge hardware, and that its new devices could potentially integrate Micron’s innovative solutions.

Long-term growth prospects also seem promising, with Micron expected to capitalize on an expanding HBM market projected to skyrocket from $16 billion in 2024 to over $100 billion by 2030.