Ten stocks stood firmer on Wednesday, defying a broader market pessimism, as investors took heart from positive company-specific developments.
In contrast, Wall Street’s main indices all finished in the red, with the Nasdaq down the most by 1 percent. The S&P 500 followed with a 0.53 percent drop, while the Dow Jones dipped by 0.09 percent.
In this article, we spotlight the 10 top performers on Wednesday and break down the reasons behind their gains.
To come up with the list, we focused exclusively on stocks with more than $2 billion in market capitalization and 5 million shares in trading volume.
Photo by Tima Miroshnichenko on Pexels
10. USA Rare Earth Inc. (NASDAQ:USAR)
USA Rare Earth Inc. (NASDAQ:USAR) grew its share prices by 9.66 percent on Wednesday to close at $18.28 apiece as investors loaded portfolios ahead of the start of its magnet facility’s commercial operations, supported by rosy prospects from the United States’ invasion of Venezuela.
Earlier this month, the US invaded Venezuela with the arrest of its former president, Nicolas Maduro and his wife over narco-related charges, as well as the seizure of up to 50 million barrels of sanctioned oil from the South American country.
Despite the move that earned the ire of various neighboring countries, investors took the invasion as a cue for the US’ potential access to the untapped mineral resources in Venezuela, especially as the world’s largest economy is underway with the expansion of domestic rare earth manufacturing to reduce dependence on China.
Venezuela’s Orinoco Mining Arc reportedly holds as much as 300,000 metric tons of rare earth deposits, including lanthanum, thorium, and crucially, neodymium—a key ingredient for manufacturing high-performance permanent magnets, which could support USA Rare Earth Inc.’s (NASDAQ:USAR) magnet facility in Stillwater, Oklahoma currently under development.
9. Uranium Energy Corp. (NYSEAmerican:UEC)
Uranium Energy grew its share prices by 10.55 percent on Wednesday to close at $17.19 apiece, nearly hitting its 52-week high, as investors took path from strong demand outlook for uranium over the next few years.
In its short-term energy outlook, the Energy Information Administration (EIA) said that it projects power demand to increase to 4,256 billion kilowatt-hours (kWh) in 2026 and 4,364 billion kWh in 2027 from 4,198 billion kWh last year, as more AI and cryptocurrency data centers ramp up their power consumption to support the rapidly-growing industries.
Share of the nuclear power alone is expected to increase to 19 percent this year and slide back to 18 percent in 2027, versus 18 percent last year. This, on the other hand, is expected to spill over to uranium companies such as Uranium Energy Corp. (NYSEAmerican:UEC).
In another study, Equity Insider also posted optimism for the overall nuclear sector, saying that firms namely Uranium Energy Corp. (NYSEAmerican:UEC), soon-to-be-listed Eagle Energy Metals Corp., as well as NexGen Energy, Denison Mines, and Energy Fuels Inc., would benefit from the growth.
“The intersection of the AI boom and national security is completely reshaping the market, with the global Small Modular Reactor (SMR) sector now projected to hit $10.3 billion by 2032. In response, the Department of Energy just awarded $800 million to advance US reactor deployment, while new federal actions are fast-tracking nuclear licensing and domestic uranium mining. The narrative is clear: Big Tech cannot build the future of AI without a massive, secure, and domestic supply of uranium,” Equity Insider said.
8. PureCycle Technologies Inc. (NASDAQ:PCT)
PureCycle Technologies jumped by 10.30 percent on Wednesday to finish at $11.46 apiece as investors took heart from news that it was participating in this year’s College Football Playoff National Championship, paving the way for a higher public exposure.
In a statement, PureCycle Technologies Inc. (NASDAQ:PCT) said that it teamed up with Churchill Container and 4ocean for the launch of a wide-ranging sustainability initiative at the said event, which would allow fans to purchase the Run It Back souvenir cups made with recycled plastic.
According to the company, every 20 cups sold during the event would help fund the removal of one pound of trash from the ocean.
“This collaboration represents a significant step forward in addressing plastic pollution at major sporting events, where single-use cups traditionally contribute to substantial waste. The Run It Back cups, made with recycled content, offer fans a durable, reusable alternative that reduces environmental impact while providing a lasting memento of college football’s biggest game,” PureCycle Technologies Inc. (NASDAQ:PCT) said.
“This collaboration builds on growing momentum across the sports industry to reduce environmental impact,” it added.
7. Erasca Inc. (NASDAQ:ERAS)
Erasca extended gains to a second day on Wednesday to hit a new three-year high, as investors continued to load up on shares after earning 267 percent and 83 percent higher price targets from two investment companies.
At intra-day trading, the stock soared to its highest price of $8.45 before trimming a few cents to end the day just up by 10.73 percent at $8.31 apiece.
In an updated market report, Clear Street raised its price target for the company to $11 from $3 previously, while maintaining a “buy” recommendation for its stock.
Meanwhile, it was also issued a new price target of $11 from HC Wainwright, versus $6 previously, while reaffirming its “buy” recommendation.
HC Wainwright’s coverage reflected its optimism for Erasca Inc. (NASDAQ:ERAS) following its presentation of preliminary clinical data at the 44th Annual JP Morgan Healthcare Conference on Tuesday, saying that it saw two confirmed partial responses and one unconfirmed partial response during the clinical study of its pan-RAS molecular glue degrader ERAS-0015.
In addition, more unconfirmed responses were observed in patients taking 8 mg doses, with consistent, linear pharmacokinetics across all dose levels evaluated and no evidence of exposure plateau so far.
The topline results are scheduled to be released in the first half of 2026.
6. Infosys Ltd. (NYSE:INFY)
Infosys snapped a four-day losing streak on Wednesday, jumping 10.45 percent to close at $19.35 apiece as investors took heart from a higher revenue outlook and an investment firm’s price target upgrade for its stock.
In its earnings call during the day, Infosys Ltd. (NYSE:INFY) raised its revenue guidance for the full fiscal year 2026 to a range of 3 to 3.5 percent, as well as its operating margin by 20 to 22 percent.
This followed results of its third quarter earnings performance, during which revenues jumped by 3.2 percent to $5.099 billion from $4.939 billion in the same period last year, bringing its nine-month revenues higher by 4 percent to $15.1 billion from $14.5 billion.
However, net income attributable to shareholders declined by 7 percent to $747 million from $804 million year-on-year. Attributable net income for the nine-month period inched up by 2 percent to $2.39 billion from $2.34 billion.
“Infosys delivered a strong Q3 performance demonstrating how our differentiated value propositions in enterprise AI, through Infosys Topaz, are consistently driving higher market share. Clients increasingly view Infosys as their AI partner with demonstrated expertise, innovation capabilities and strong delivery credentials. This has helped them unlock business potential and enhanced value realization,” said Infosys Ltd. (NYSE:INFY) CEO Salil Parekh.
“Central to this journey is our commitment to reskill, transform and empower our dedicated human resource pool to drive success in an AI augmented world,” he added.
Following the results, Goldman Sachs issued a 1 percent higher price target of $19.10 on shares of Infosys Ltd. (NYSE:INFY), versus $18.90 previously.
5. Viking Therapeutics Inc. (NASDAQ:VKTX)
Viking Therapeutics grew its share prices by 11.89 percent on Wednesday to finish at $34.34 apiece as investors took heart from comments that the weight loss industry appears larger than visible, sparking robust prospects for its own drug candidate which has a “best-in-class” potential.
In his presentation at an annual conference, CEO Brian Lian said that market interest in the weight loss industry “is probably broader than visible,” noting that more parties are circling around and appearing very intrigued.
Viking Therapeutics Inc. (NASDAQ:VKTX) is underway with late-stage clinical trials for the oral and injectable versions of its own weight loss drug candidate, VK2735—a dual agonist of the glucagon-like peptide 1 (GLP-1) and glucose-dependent insulinotropic polypeptide (GIP) receptors.
According to Lian, the first group of the Phase 3 study, called Vanquish-1, was over-enrolled ahead of schedule. Meanwhile, it is targeting to complete enrollment of the Vanquish-2 within the first quarter of the year.
The Phase 3 studies followed the success of the second phase of trial last year. In a study that lasted for 13 weeks, Viking Therapeutics Inc. (NASDAQ:VKTX) said that it was able to achieve its primary and secondary endpoints, with VK2735 demonstrating statistically significant reductions in mean body weights of patients to up to 14.7 percent without any signs of plateau.
VK2735 also saw encouraging safety and tolerability in the study, with the majority of observed adverse events being reported as mild or moderate. Treatment and study discontinuation rates among VK2735 cohorts were well-balanced compared with placebo.
4. Taseko Mines Limited (NYSEAmerican:TGB)
Taseko Mines extended its winning streak to a third straight day on Wednesday, surging 11.81 percent to close at $7.29 apiece as investors took heart from the looming start of operations at its Florence Copper mine in Arizona.
In a statement, Taseko Mines Limited (NYSEAmerican:TGB) said that construction activity at Florence Copper is now complete and that it has shifted to wellfield operations and commissioning of the SX/EW plant.
“The transition from construction to early-stage operations at Florence has gone smoothly, and we are very pleased with the initial copper recoveries and performance of the commercial wellfield. Our project team is focused on the successful start-up of the SX/EW plant in the coming days, followed by first copper cathode production within a few weeks,” said Taseko Mines Limited (NYSEAmerican:TGB) President and CEO Stuart McDonald.
Meanwhile, it also produced last year some 98 million pounds of copper and 1.9 million pounds of molybdenum at its Gibraltar mine.
Fourth quarter production alone stood at 31 million pounds of copper and 800,000 pounds of molybdenum.
“Gibraltar production in the second half of the year was a notable improvement over the first half of the year with higher grades and better quality ore. Looking ahead to 2026, we expect more consistent quarterly production, now that we are better situated in the Connector pit, and higher overall copper production,” McDonald said.
3. Intuitive Machines Inc. (NASDAQ:LUNR)
Intuitive Machines rebounded by 12.46 percent on Wednesday to close at $19.76 apiece following successful acquisition of spacecraft manufacturer, Lanteris Space Systems, for $800 million, strengthening its position as a vertically integrated next-generation space player globally.
In a statement, Intuitive Machines Inc. (NASDAQ:LUNR) said that the acquisition involved the payment of $450 million in cash and issuance of $350 million worth of Intuitive Machines Class A common stock.
“This acquisition marks a defining moment in the evolution of Intuitive Machines,” said Intuitive Machines Inc. (NASDAQ:LUNR) CEO Steve Altemus.
“We previously proved our ability to operate on the Moon. With Lanteris, we add flight-proven manufacturing at scale. Together, these strengths transform Intuitive Machines into a multi-domain, end-to-end solutions provider that can build spacecraft, connect resilient communications and navigation networks, and operate systems across LEO, MEO, GEO and cislunar space,” he added.
Lanteris’ LEO, MEO and GEO satellites support missile warning and tracking, tactical intelligence, surveillance, reconnaissance, Earth observation, and space domain awareness.
According to Intuitive Machines Inc. (NASDAQ:LUNR), the acquisition also strengthens its ability to service future Golden Dome, Space Development Agency layered architecture, and NASA’s Artemis and Lunar Terrain Vehicle initiatives, as well as future Mars telecommunications missions.
2. Bitdeer Technologies Group (NASDAQ:BTDR)
Bitdeer Technologies extended its winning streak to a third consecutive day on Wednesday, jumping 15.58 percent to finish at $14.76 apiece, as investors gobbled up shares following the launch of its NVIDIA GB200 NVL72 deployment in Malaysia, strengthening its mission to simplify and scale AI computing globally.
In a statement, Bitdeer Technologies Group (NASDAQ:BTDR) said that the deployment would support the most demanding AI workloads and represent a pivotal step in its broader strategy to expand its global AI infrastructure footprint, leveraging its robust power capacity and land resources to build next-generation systems for the AI-driven era.
Bitdeer Technologies Group (NASDAQ:BTDR) is underway with the expansion of its AI data center footprint with the construction of a 13 MW accelerated computing data center in Washington, a 37 MW accelerated computing data center in Tennessee, a 570 MW accelerated computing data center in Clarington, and a 175 MW facility in Tydal, Norway.
The Washington and Tennessee facilities, originally operated for cryptocurrency mining, are undergoing a full conversion to a GPU-optimized AI data center.
“The deployment of NVIDIA GB200 NVL72 infrastructure is a significant milestone in Bitdeer AI’s journey toward building a global, intelligent cloud,” said Louis Xu, Head of AI department for Bitdeer Technologies Group (NASDAQ:BTDR).
“With our expanding data center capacity, land reserves, and GPU infrastructure, we’re creating a strong foundation that supports the entire AI lifecycle, from model training to intelligent application deployment. This is how we turn ‘AI Power, Simplified’ into reality.”
1. Critical Metals Corp. (NASDAQ:CRML)
Critical Metals snapped two days of losses on Wednesday, jumping 32.58 percent to close at $17.93 apiece, as investors took heart from news that it found rare earth deposits at the Tanbreez Rare Earths Project in Greenland.
In a statement, Critical Metals Corp. (NASDAQ:CRML) said that the site’s Fjord deposit and Upper Fjord areas showed consistent rare earth grades and presence of strategic metals such as gallium, hafnium, cerium, and yttrium, among others, reinforcing Tanbreez’s position as a globally significant peralkaline-hosted rare earth system.
The two areas remain open for exploration both sideways and deeper underground, with mineralization confirmed to occur consistently close to surface and demonstrating strong lateral and vertical continuity.
Investors were quick to gobble up shares in the company, in line with the US government’s plan to ramp up the production of rare earth minerals to reduce dependence on China.
To support faster drilling operations, Critical Metals Corp. (NASDAQ:CRML) earlier this month acquired an integrated rare earth element assay analysis laboratory facility, which would be capable of real-time on-site “mine-to-data” geochemical analysis and to generate full elemental rare earth element (REE) results in approximately 80 minutes, significantly reducing assay turnaround times compared to traditional off-site laboratory processing.
While we acknowledge the potential of CRML to grow, our conviction lies in the belief that some AI stocks hold greater promise for delivering higher returns and have limited downside risk. If you are looking for an AI stock that is more promising than CRML and that has 100x upside potential, 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. Insider Monkey focuses on uncovering the best investment ideas of hedge funds and insiders. Please subscribe to our free daily e-newsletter to get the latest investment ideas from hedge fund investor letters by entering your email below.
