Wall Street saw a quiet trading session this week amid the lack of major catalysts to perk up the market. Despite an overall thin trading volume, 10 companies managed to outperform and mirror gains of all major indices.
Let’s take a look at the Top 10 Gainers this week and how they performed so far.
To come up with the Top 10 Gainers this week, we focused on stocks that have at least $2 billion in market capitalization and $5 million in daily trading volume.
A technical stock market chart. Photo by Energepic from Pexels
10. Veren Inc. (NYSE:VRN)
Veren Inc., a Canadian-based oil and gas exploration company, registered an unusually heavy trading volume in this week’s trading session, with 6.5 million shares changed hands, an increase of 30 percent from the 4.97 million registered the day prior.
Veren opened the week at $4.66 apiece and ended Tuesday higher by 6 percent at $4.94 each after the Royal Bank of Canada set an “outperform” rating on the stock in a research report published on Friday.
The company also earned a “strong buy” rating from investment bank and financial services company Raymond James Financial Inc., which set its price target on the stock at $13 apiece.
9. Nvidia Corporation (NASDAQ:NVDA)
Semiconductor giant Nvidia Corp. (NVDA) opened the week at $136.4 each and ended Tuesday at $140.22 apiece, marking an increase of 2.8 percent during a quiet trading session.
Analysts said that investor optimism was fueled by news that the company raised as much as $30 million from the sale of additional clusters to Hive Digital Technologies. According to reports, the purchase was aligned with its goal to strengthen its position in artificial intelligence (AI) and high-performance computing (HPC) and enhance its role in the digital transformation landscape.
Nvidia (NVDA) also remains to be the biggest beneficiary in the ongoing AI boom, with more cloud vendors and internet companies continuing to purchase its graphics processing units. Due to advancements in AI, Nvidia has already perked up its annual revenues by 94 percent in the past six quarters, with growth exceeding 200 percent three times in that stretch.
8. Palantir Technologies Inc. (NASDAQ:PLTR)
Shares of Palantir Technologies (PLTR) rose by 2.1 percent in the first two trading days of the week, finishing at $82.38 each. Like other semiconductor companies, Palantir (PLTR) has become one of the favorite technologies to hunt for, as investors place their bets on its ability to benefit from the booming AI.
In addition, the company last week announced that it has renewed a $618.9-million partnership with the US Army to deliver the Army Vantage capability in support of the Army Data Platform (ADP), which powers warfighters at every echelon and supports a diverse set of use cases across every data domain.
7. Bitdeer Technologies Group (NASDAQ:BTDR)
Bitdeer Technologies saw a 16-percent jump in its share prices in the first two trading days of the week, closing the day at $23.56 apiece as investors hunted for bargains following a dip in its shares last week.
The company has also been the subject of several research analyses. Brokerage companies Benchmark and Rosenblatt both raised their price targets for Bitdeer to $29 and $22, respectively, while maintaining a “buy” rating.
Investors will also expect a number of relevant developments for the company, especially as it officially kicked off of its mass production of self-mining machines which are expected to contribute to the company’s self-mining expansion plans in 2025.
In similar developments, Bitdeer announced orders for 30,000 units of sealminer A2 rigs which are expected to rake in $102 million in revenues for 2025. It also announced a private offering of $360 million in convertible senior notes due in 2029, with proceeds to be used for data center expansion and the development and manufacture of ASIC-based mining rigs.
6. Lucid Group Inc. (NASDAQ:LCID)
Shares of Lucid Group saw a 5-percent jump in the first two days of the trading week, opening at $3.03 on Monday and ending Tuesday at $3.20 apiece, with analysts pointing to its new Gravity SUV as well as other potential partnerships with other established automakers to reduce costs and leverage economies of scale, as having perked up its shares.
In addition, Lucid Group benefitted from news of an increasing number of electric vehicle sales. According to Cox Automotive, a total of 116,000 EV units were sold in November, marking a 10-percent increase from the previous month.
Analysts are also placing their bets on the company’s potential for a rebound, with orders and deliveries seen as key indicators for growth over the next few years. Furthermore, the backing of Saudi Arabia’s Public Investment Fund, which recently invested an additional $1.5 billion, added confidence to the company’s growth prospects.
5. Archer Aviation Inc. (NYSE:ACHR)
Archer Aviation saw its share price this week grow by 12 percent to $10.78 apiece from the $9.64 opening price on Monday.
Just recently, the company announced it had raised $430 million in fresh capital, part of which will be used to develop a hybrid aircraft with defense technology company Anduril Industries. Investors included Stellantis, United Airlines, Wellington Management, and Abu Dhabi investment holding company 2PointZero, a subsidiary of UAE’s largest public company, IHC.
Archer is also underway with the development of an electric vertical takeoff and landing (eVTOL) aircraft called Midnight which is designed to hold a pilot with four passengers and luggage for urban trips of 20-50 miles at speeds of up to 150 miles per hour. It is also powered by six independent battery packs, each supporting a pair of electric engines.
4. Intuitive Machines Inc. (NASDAQ:LUNR)
Shares in Intuitive Machines opened at $14.32 apiece on Monday, bucking a quiet session, and ended Tuesday’s shortened trading day up by 16 percent to $16.65 apiece.
Analysts pointed to the company’s historic achievements and multi-billion dollar contracts as having fueled appetite for its shares.
Last week, the National Aeronautics and Space Administration (NASA) selected Intuitive Machines to expand its commercial direct-to-Earth capabilities, which is a mission-critical communication capability that allows spacecraft to transmit data directly to ground stations on Earth.
Under the agreement, Intuitive Machines will receive two task order awards to support NASA’s Lunar Exploration Ground Segment, providing additional capacity to alleviate demand on the Deep Space Network and to meet the mission requirements for unique, highly elliptical orbits. The company also previously received a task order award for Subcategory 2.2 GEO to Cislunar Relay Services.
3. Oklo Inc. (NYSE:OKLO)
Shares of Oklo rallied by 8.5 percent in the first two days of the week, ending at $23.61 apiece from $21.75.
Various analysts posted confidence in Oklo’s growth prospects following news that the company will power 12 gigawatts of Oklo Aurora powerhouse projects by 2044.
Several analysts also gave the company an “outperform” rating, indicating confidence in nuclear power startups’ momentum in 2025 and its ability to benefit from the booming AI technology.
Electricity demand from US data centers has grown by 50 percent since 2020 and now accounts for 4 percent of the country’s energy consumption. According to UBS analysts in a recent research note, the figure could still grow to 9 percent by 2030.
In addition, overall power demand in the United States is expected to grow between 13 percent and 15 percent a year until 2030, potentially turning electricity “into a much scarcer resource.
2. BlackBerry Ltd (NYSE:BB)
Blackberry maintained a strong momentum in the first two days of the week, rising by 8.19 percent to $3.96 from $3.66 on Monday.
Investors continued to snap up on shares of BlackBerry following better-than-expected third-quarter fiscal 2025 net income of $12 million and revenues of $162 million. The revenue figure included $19 million from Cylance, BlackBerry’s cybersecurity arm.
Last week, Blackberry announced that it agreed to sell the Cylance unit to Artic Wolf Networks Inc. for $160 million and 5.5 million Arctic Wolf shares. After allowing for the purchase price adjustments, BlackBerry will receive approximately $80 million of cash at closing and approximately $40 million of cash one year following the closing.
1. Rumble Inc. (NASDAQ:RUM)
Video platform Rumble (RUM) became the top gainer for the week, registering a whopping 26.8 percent increase from a $10 open on Monday to finish Tuesday’s trading at $12.68 apiece.
Last week, the company announced that it entered into a definitive agreement for a strategic investment of $775 million from Tether, the largest company in the digital assets industry and the most widely used dollar stablecoin across the world with more than 350 million users. Over the last few years, Tether has become one of the most recognized symbols of financial inclusion.
According to Rumble (RUM), a total of $250 million of the proceeds will be used to support growth initiatives and the remaining proceeds to fund a self-tender offer for up to 70 million Class A common shares.
While we acknowledge the potential of RUM as an investment, our conviction lies in the belief that AI stocks hold greater promise for delivering higher returns, and doing so within a shorter timeframe. If you are looking for an AI stock that is more promising than RUM but that trades at less than 5 times its earnings, check out our report about the cheapest AI stock.
READ NEXT: 8 Best Wide Moat Stocks to Buy Now and 30 Most Important AI Stocks According to BlackRock
Disclosure: None. This article is originally published at Insider Monkey.