Ten stocks rallied sharply on Monday, leading the charge on Wall Street, as investor sentiment was primarily bolstered by the US and China’s constructive trade talks ahead of a leaders’ summit this week.
Of the 10 firms, four propelled to new all-time highs, helped by a series of partnerships and stellar trial results, among others.
Meanwhile, the three major indices all finished in the green, led by the tech-heavy Nasdaq, jumping 1.86 percent, followed by the S&P 500, surging 1.23 percent, and the Dow Jones, up 0.71 percent.
In this article, we focus on the 10 top performers on Monday and detail the reasons behind their gains.
To come up with the list, we focused on companies with more than $2 billion in market capitalization and 5 million shares in trading volume.
The New York Stock Exchange building. Photo by Дмитрий Трепольский on Pexels
10. Qualcomm Inc. (NASDAQ:QCOM)
Qualcomm shares propelled to a new all-time high on Monday, as investors took heart from a partnership with a Riyadh-based startup to support the development of artificial intelligence (AI) in Saudi Arabia.
During the session, Qualcomm Inc. (NASDAQ:QCOM) surged to as high as $205.55, or a 21.67 percent jump, before paring gains to end the day just up by 11.09 percent at $187.68 apiece.
This followed announcements that it joined forces with Humain, a global AI end-to-end value-chain provider, under which Qualcomm Inc. (NASDAQ:QCOM) would supply 200 MW of AI200 and AI250 rack solutions to Humain beginning 2026.
According to Qualcomm Inc. (NASDAQ:QCOM), the AI200 and AI250 solutions are capable of delivering rack-scale performance and superior memory capacity for fast generative AI inference, and support Saudi Arabia’s commitment to driving innovation and economic growth through the development of its AI and semiconductor ecosystem.
“This collaboration unites HUMAIN’s deep regional insight and unique full AI stack capabilities with Qualcomm’s unmatched semiconductors technology and product leadership. Together, we will enable Saudi Arabia to lead the next wave of global AI and semiconductors innovation,” Humain CEO Tareq Amin said.
9. Janus Henderson Group plc (NYSE:JHG)
Janus Henderson soared to a fresh record high on Monday, as investors gobbled up shares following announcements that it was offered to be fully acquired by two of its largest investors for $7.2 billion.
In intra-day trading, Janus Henderson Group plc (NYSE:JHG) jumped to its highest 52-week price of $49.42 before trimming gains to end the day just up by 11.34 percent at $46.35 apiece.
In a statement earlier in the day, Janus Henderson Group plc (NYSE:JHG) said it received a joint letter from Trian Fund Management LP and General Catalyst Group Management LLC outlining a joint non-binding acquisition proposal, under which, they offered to acquire the remaining stake in the former for $46 apiece. The acquisition price marked a 10.5 percent upside from its latest closing price.
Trian first invested in the company in 2020 and currently holds two board seats.
According to Janus Henderson Group plc (NYSE:JHG), the special committee excludes board members affiliated with the acquiring companies, and that an acquisition deal is not guaranteed.
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