Why Transocean Ltd. (RIG) Went Up On Monday?

We recently published a list of AI Stocks Dominate Monday’s Top 10 Performers. In this article, we are going to take a look at where Transocean Ltd. (NYSE:RIG) stands against other AI stocks that dominate Monday’s top performers.

The stock market finished mixed on Monday as investors remained cautious over the escalating trade tensions globally, with President Donald Trump threatening to slap China with another 50-percent tariff if the latter does not withdraw a countermeasure.

The Dow Jones declined by 0.91 percent, while the S&P 500 dropped by 0.23 percent. In contrast, the tech-heavy Nasdaq inched up by 0.10 percent.

Meanwhile, 10 companies, predominantly in the Artificial Intelligence sector, bucked an overall market pessimism, posting strong gains during the day.

In this article, we have identified Monday’s top performers and detailed the reasons behind their gains.

To come up with the list, we considered only the stocks with $2 billion market capitalization and $5 million in trading volume.

An aerial view of an oil rig with drillers in hard hats working on the platform.

Transocean Ltd. (NYSE:RIG)

Transocean Ltd. snapped a three-day losing streak on Monday as investors resorted to bargain-hunting to take advantage of its cheap valuation.

The company touched a new 52-week low of $1.97 at intra-day trading before buying persisted throughout the day to push the stock higher at the close.

Generally, investor sentiment in the company was pulled down by global trade war escalations, coupled with Zacks Research’s more pessimistic outlook for its first-quarter earnings performance.

According to the investment firm, it now expects RIG to post $0.01 earnings per share, down from the $0.04 forecast previously. The consensus forecast for the company is currently at $0.14.

Zacks Research also issued estimates for Transocean’s first quarter EPS, at $0.01 in the first quarter of 2026, $0.05 in the second quarter, and $0.21 for the full year 2027 period.

RIG, a leading international provider of offshore contract drilling services for oil and gas wells, stands to largely benefit from the US government’s plan to bolster energy supply to unlock the country’s full energy potential. It secured several contracts in the US Gulf of Mexico, including the Deepwater Conqueror, Atlas, and Asgard.

Overall, RIG ranks 10th on our list of AI stocks that dominate Monday’s top performers. While we acknowledge the potential of RIG 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 time frame. There is an AI stock that went up since the beginning of 2025, while popular AI stocks lost around 25%. If you are looking for an AI stock that is more promising than RIG but that trades at less than 5 times its earnings, check out our report about this cheapest AI stock.

READ NEXT: 20 Best AI Stocks To Buy Now and 30 Best Stocks to Buy Now According to Billionaires.

Disclosure: None. This article is originally published at Insider Monkey.