Ten stocks charged higher on Wednesday, mirroring an overall market optimism, as sentiment remained fueled by renewed optimism for an interest rate cut.
On Wall Street, the tech-heavy Nasdaq was up the most, at 0.82 percent, followed by the S&P 500, rising 0.69 percent, and the Dow Jones, growing 0.67 percent.
Indices aside, this article focuses on the 10 big names that led the rally on Wednesday, alongside the reasons behind their gains.
To come up with the list, we considered only the stocks with a $2 billion market capitalization and more than 5 million shares in trading volume.
Photo by Tima Miroshnichenko/Pexels
10. First Majestic Silver Corp. (NYSE:AG)
First Majestic extended its winning streak to a 4th consecutive day on Wednesday, jumping 8.78 percent to close at $13.50 apiece as investors took path from higher silver prices.
As of writing, spot prices of silver were up by 3.59 percent at $53.32 per troy ounce, rallying alongside gold over renewed optimism for an interest rate cut.
Typically, a lower interest rate weakens the US dollar, making precious metals such as gold and silver cheaper and more attractive to foreign investors.
Optimism spilled over to silver and gold miners, including First Majestic Silver Corp. (NYSE:AG), being one of the largest silver producers in the world.
In other news, First Majestic Silver Corp. (NYSE:AG) is set to distribute on Friday, November 28, some $0.0052 worth of dividends to all common shareholders as of the November 14 record.
The dividends followed the company’s stellar earnings performance in the third quarter of the year, having swung to a net income of $43 million from a $26.6 million net loss in the same period last year, as revenues soared by 95 percent to $285.1 million from $146.1 million year-on-year.
According to First Majestic Silver Corp. (NYSE:AG), the record revenues were primarily driven by a 45 percent increase in silver equivalent payable ounces sold, coupled with a 31 percent increase in the average realized silver price, which reached $39.03.
9. Cipher Mining Inc. (NASDAQ:CIFR)
Cipher Mining rallied for a 3rd straight day on Wednesday, jumping 9.30 percent to close at $19.15 apiece as investors took heart from an investment firm’s bullish long-term outlook for Bitcoin.
In a market note, JPMorgan said it projects Bitcoin prices to reach the $240,000 level over the long-term period, even after taking a 28 percent plunge this month from its highest level of $126,000 in October. As of writing, Bitcoin prices were up by 3.32 percent to $90,295 from the day prior.
Bitcoin remains Cipher Mining Inc.’s (NASDAQ:CIFR) largest revenue generator, even as the company gradually transitions into AI servicing.
As of the third quarter of the year, Cipher Mining Inc. (NASDAQ:CIFR) generated $71.7 million in revenues from its Bitcoin operations, marking a nearly 200 percent jump from the $24.1 million registered in the same period last year.
For the nine-month period, revenues from Bitcoin mining surged by 50 percent to $164 million from $109 million year-on-year.
In other recent developments, Cipher Mining Inc. (NASDAQ:CIFR) announced plans to officially redeem its outstanding warrants for $0.01 apiece until 5 PM on December 26, 2025. The warrants are only exercisable on a cashless basis.
Any warrants that remained unexercised by the deadline will then be void and no longer exercisable.
8. Bitmine Immersion Technologies, Inc. (NYSEAmerican:BMNR)
Bitmine Immersion jumped by 9.79 percent on Wednesday to finish at $31.74 apiece as investor sentiment was fueled by an overall market optimism, alongside the jump in Bitcoin and Ethereum prices.
As of writing, Bitcoin and Ethereum—two of Bitmine Immersion Technologies, Inc.’s (NYSEAmerican:BMNR) cryptocurrency assets—jumped by 3.20 percent and 2.06 percent to $90,000 and $3,000, respectively, as investor sentiment was bolstered by renewed optimism for a Fed rate cut next month.
The rally was supported by news earlier this week that the company officially achieved its target to own 3 percent of Ethereum’s total market supply following the acquisition of 69,822 ETH tokens just last week.
At present, Bitmine Immersion Technologies, Inc. (NYSEAmerican:BMNR) now owns nearly 3.63 million ETH tokens, bearing an average price of $2,840, or a total of $10.3 billion.
Additionally, the company holds 192 Bitcoins and holds a $38 million stake in Eightco Holdings, which invests in Worldcoin.
“The continued decline in crypto prices in the past week reflects the impaired liquidity since October 10th, as well as price technicals, which remain weak. A few weeks ago, we noted the likely downside for ETH prices would be around $2,500 and current ETH prices are basically there. This implies asymmetric risk/reward as the downside is 5 percent to 7 percent, while the upside is the supercycle ahead for Ethereum,” said Bitmine Immersion Technologies, Inc. (NYSEAmerican:BMNR) Chairman Thomas Lee.
7. Endeavour Silver Corp. (NYSE:EXK)
Endeavour Silver extended its winning streak to a 4th straight day on Wednesday, jumping 10.37 percent to close at $8.62 apiece as investors loaded portfolios in silver miners over renewed optimism for an interest rate cut.
The stock rallied alongside its counterparts, mimicking the jump in spot silver prices, which, during the trading session, grew by 3.59 percent to $53.32 per troy ounce.
Typically, a lower interest rate weakens the US dollar, making precious metals such as silver and gold cheaper and more attractive to foreign investors.
In other news, Endeavour Silver Corp. (NYSE:EXK) announced that it was selling its Bolañitos silver and gold mine project to Guanajuato Silver Company Ltd. for a total of $50 million.
Under the terms of the agreement, Guanajuato would acquire all outstanding shares of Mina Bolañitos, SA de CV—which owns and operates the mine in Mexico—for $0.2709413 apiece.
Endeavour Silver Corp. (NYSE:EXK) said the initiative was in line with its plans to focus on the Terronera and Pitarrilla projects, also located in Mexico.
“By focusing our resources on our core silver assets, particularly delivering at Terronera and advancing the world- class Pitarrilla project, we are sharpening our operational focus and positioning the company for sustainable growth,” said Endeavour Silver Corp. (NYSE:EXK) Chief Executive Officer Dan Dickson.
6. Robinhood Markets, Inc. (NASDAQ:HOOD)
Robinhood Markets extended its winning streak to a 4th consecutive day on Wednesday, climbing 10.93 percent to end at $128.20 apiece as investors took heart from its partnership with Susquehanna International Group to expand its fastest-growing prediction markets operations.
In an announcement on the same day, Robinhood Markets, Inc. (NASDAQ:HOOD) said that it joined forces with Susquehanna to launch and operate a Commodity Futures Trading Commission (CFTC)-licensed exchange and clearinghouse to capture and serve the strong demand in the prediction markets.
Robinhood Markets, Inc. (NASDAQ:HOOD) will serve as the controlling partner, while Susquehanna will help provide liquidity.
In line with the partnership, the joint venture would acquire MIAXdx—a CFTC-licensed Designated Contract Market (DCM), Derivatives Clearing Organization (DCO), and Swap Execution Facility (SEF), and wholly-owned subsidiary of Miami International Holdings, Inc. (MIAX). The latter will remain invested through a strategic 10 percent equity stake in the exchange.
Robinhood Markets, Inc. (NASDAQ:HOOD) said that the prediction markets have quickly become its fastest-growing product line by revenue, just a year after it was launched. In fact, some 9 billion contracts have already been traded by more than 1 million customers.
The exchange will serve Robinhood Derivatives and other Futures Commission Merchants, and is expected to begin operations in 2026.
5. Symbotic Inc. (NASDAQ:SYM)
Symbotic soared to a new all-time high on Wednesday, extending its rally for a third straight day, as investors took heart from its upbeat outlook, supported by a strong revenue performance in the fourth quarter of the year.
At intra-day trading, Symbotic Inc. (NASDAQ:SYM) jumped to its highest price of $87.88 before paring gains to finish the day just up by 12.95 percent at $87.30 apiece. In just the past three trading days, the stock has already climbed by 63.8 percent.
Optimism was fueled by strong revenues in the fourth quarter of the fiscal year 2025, ending at $618 million, or 9 percent higher than the $565 million in the same period last year. The figure exceeded the company’s previous target of $590 million to $610 million.
“Revenue exceeded our expectations, and we delivered strong gross margin expansion and free cash flow in the fiscal fourth quarter of 2025,” said Symbotic Inc. (NASDAQ:SYM) CFO Izzy Martins.
However, the company swung to a net loss attributable to shareholders of $3.6 million from a $2.8 million attributable net income in the same period last year.
On a full fiscal year basis, revenues jumped by 25.67 percent to $2.247 billion from $1.788 billion, while net loss attributable to shareholders widened by 25 percent to $16.9 million from $13.49 million year-on-year.
Looking ahead, Symbotic Inc. (NASDAQ:SYM) expects the first quarter of fiscal year 2026 to generate revenues between $610 million and $630 million, as well as adjusted EBITDA of $49 million to $53 million.
4. Fluence Energy, Inc. (NASDAQ:FLNC)
Fluence Energy rallied for a 3rd consecutive day on Wednesday, climbing 13.24 percent to close at $18.99 apiece as investors took heart from a flurry of stock ratings and price target upgrades from five investment firms.
In separate market notes, Fluence Energy, Inc. (NASDAQ:FLNC) received bullish coverage from Canaccord, Jefferies, Goldman Sachs, Susquehanna, and Morgan Stanley.
Canaccord was the most bullish among the five, raising its price target by 150 percent to $25 from $10 previously, while maintaining its “buy” recommendation on the belief that the company will largely benefit from a strengthening energy demand.
Jefferies, on the other hand, followed with a 45 percent price target bump to $16 from $11 previously, following the results of its earnings performance in the third quarter of the year.
According to Jefferies, its assessment reflected Fluence Energy, Inc.’s (NASDAQ:FLNC) improving outlook for fiscal year 2026 and beyond, adding that the firm was already seeing early signs of recovery.
Goldman Sachs, for its part, raised its price target by 33 percent to $20 from $15; while Susquehanna upgraded the energy firm by 17.6 percent to $20 from $17.
Lastly, Morgan Stanley gave a 16.7 percent higher price target, at $14, versus $12 earlier.
In the full fiscal period of 2025, Fluence Energy, Inc. (NASDAQ:FLNC) swung to an attributable net loss of $48.3 million from a $22.7 million attributable net income in the same period last year.
Revenues, on the other hand, jumped by 6.25 percent to $1.7 billion from $1.6 billion year-on-year.
For the next fiscal year, the company is targeting to hit revenues of $3.2 billion to $3.6 billion, as well as adjusted EBITDA of $40 million to $60 million.
3. Urban Outfitters, Inc. (NASDAQ:URBN)
Urban Outfitters rallied for a second day on Wednesday, climbing 13.54 percent to finish at $77.56 apiece following a strong earnings performance in the third quarter of the year.
In an updated report on the same day, Urban Outfitters, Inc. (NASDAQ:URBN) said it netted $116 million during the period, marking a 12.7 percent jump from the $102.9 million in the same period last year.
Net sales surged by 12 percent to $1.529 billion from $1.362 billion year-on-year on the back of strong sales across all of its brands.
By segment, net sales from retail remained the strongest, up 9.6 percent year-on-year at $1.296 billion versus $1.182 billion. Subscription segment stood at $144.6 million, or a 48.7 percent jump from $97.2 million, while the wholesale segment grew by 7.5 percent to $88.27 million from $82.07 million.
Earnings per share stood at $1.28, or 16 percent higher than the $1.10 in the same quarter last year.
“We are pleased to report record revenues, profits, and earnings per share for the quarter,” said Urban Outfitters, Inc. (NASDAQ:URBN) CEO Richard Hayne. “Trends observed last quarter have remained consistent with broad-based comparable sales growth and robust results in the Retail, Subscription, and Wholesale segments. These results underscore the strength of our diversified business model, which enables us to continue capturing market share and drive consistent long-term growth,” he added.
2. CleanSpark, Inc. (NASDAQ:CLSK)
CleanSpark soared for a 3rd straight day on Wednesday, adding 13.79 percent to finish at $13.45 apiece as investors cheered its impressive earnings performance in the fiscal year 2025.
In its earnings release, CleanSpark, Inc. (NASDAQ:CLSK) said it swung to a net income of $364 million from a $146 million net loss in the same period last year, as revenues expanded by 102 percent to $766.3 million from $379 million year-on-year. Adjusted EBITDA also soared by 235 percent to $823.4 million from $245.8 million.
“Fiscal 2025 was the year CleanSpark achieved operating leverage. We surpassed 50 EH/s in operational hashrate, set new revenue records, and demonstrated strategic capital stewardship by choosing accretive capital market tools, such as convertible debt and bitcoin-backed revolvers instead of an ATM to finance the business during the calendar year,” said CleanSpark, Inc. (NASDAQ:CLSK) Chairman and CEO Matt Schultz.
”We are evolving into a comprehensive compute platform that is prepared to optimize value from both AI and bitcoin workloads. Our deep expertise in power procurement, infrastructure development, and efficient scaling gives us a unique advantage in meeting surging global demand for compute,” he added.
On the same day, CleanSpark, Inc. (NASDAQ:CLSK) received a lower price target of $27 from HC Wainwright, versus $30 previously, but maintained a “buy” recommendation for its stock.
On Monday, CleanSpark, Inc. (NASDAQ:CLSK) also received a rating upgrade from JPMorgan to “overweight” from “neutral,” while giving it a price target of $14.
1. Arrowhead Pharmaceuticals, Inc. (NASDAQ:ARWR)
Arrowhead Pharmaceuticals soared to a new three-year high on Wednesday, as investors took heart from its impressive earnings performance for the full fiscal year, alongside the Food and Drug Administration’s (FDA) approval for its treatment for familial chylomicronemia syndrome (FCS).
At intra-day trading, the stock soared to as high as $59.15 before trimming gains to end the day just up by 23.34 percent at $57.71 apiece.
In an updated report on the same day, Arrowhead Pharmaceuticals, Inc. (NASDAQ:ARWR) said it narrowed its attributable net loss by 99.7 percent to only $1.63 million from the $599.49 million last year, as revenues soared by 23,585 percent to $829.4 million from $3.5 million year-on-year.
Additionally, Arrowhead Pharmaceuticals, Inc. (NASDAQ:ARWR) recently secured the approval of the FDA to sell redemplo following positive clinical trial results. Redemplo is the first and only approved siRNA medicine to reduce triglycerides in adults with FCS.
Following the approval, Arrowhead Pharmaceuticals, Inc. (NASDAQ:ARWR) is targeting to start selling redemplo before the end of the year.
FCS is a severe and rare disease, affecting as many as 6,500 people in the US. The disease is characterized by triglyceride levels that can be 10 to 100 times higher than normal, leading to a substantially higher risk of developing acute, recurrent, and potentially fatal pancreatitis.
While we acknowledge the potential of ARWR 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 ARWR and that has 100x upside potential, check out our report about the cheapest AI stock.
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