Ten stocks soared higher on Tuesday, bucking a mixed performance on Wall Street, as investors took heart from positive developments surrounding the artificial intelligence sector, while markets prepare ahead of the Federal Reserve’s first interest rates decision for the year.
Of the three major indices, only the Dow Jones finished in the red, down 0.83 percent. The S&P 500 jumped by 0.41 percent, while the Nasdaq climbed by 0.91 percent.
In this article, we spotlight the 10 top-performing stocks on Tuesday and detail the reasons behind their gains.
To come up with the list, we focused exclusively on stocks with a $2 billion market capitalization and 5 million shares in trading volume.
The New York Stock Exchange building. Photo by Дмитрий Трепольский on Pexels
10. CoreWeave Inc. (NASDAQ:CRWV)
CoreWeave extended its winning streak to a third consecutive day on Tuesday, jumping 10.73 percent to close at $108.86 apiece after earning a billion-dollar backing from Nvidia Corp.
In a statement, Nvidia announced the acquisition of $2 billion common shares in CoreWeave Inc. (NASDAQ:CRWV) at a price of $87.20 apiece, reflecting its confidence in the latter’s business, team, and growth strategy as a cloud platform built on Nvidia infrastructure.
The total investment would help support CoreWeave Inc.’s (NASDAQ:CRWV) plan to accelerate the development of more than 5 gigawatts of AI factories by 2030 in a bid to advance global adoption of the sector.
Investment aside, the two companies also joined forces to build more AI factories developed and operated by Nvidia’s accelerated computing platform technology.
They also intend to leverage the semiconductor giant’s financial strength to accelerate CoreWeave Inc.’s (NASDAQ:CRWV) acquisition of land, power, and shell to build more sites.
They would also deploy multiple generations of Nvidia infrastructure such as the Rubin platform, Vera CPUs and BlueField storage systems, among others.
“From the very beginning, our collaboration has been guided by a simple conviction: AI succeeds when software, infrastructure and operations are designed together,” said CoreWeave Chairman and CEO Michael Intrator.
“NVIDIA is the leading and most requested computing platform at every phase of AI—from pre-training to post-training—and Blackwell provides the lowest cost architecture for inference. This expanded collaboration underscores the strength of demand we are seeing across our customer base and the broader market signals as AI systems move into large-scale production,” he noted.
9. Sysco Corp. (NYSE:SYS)
Sysco snapped a three-day losing streak on Tuesday, slashing 10.96 percent to finish at $83.92 apiece as investors took heart from a more optimistic outlook for the full fiscal period of 2026.
In an updated report, Sysco Corp. (NYSE:SYS) said that it now expects to hit the high end of its earnings per share (EPS) guidance of $4.50 to $4.60 for the full fiscal year 2026, primarily encouraged by strong sales in the second quarter.
During the period, sales picked up by 3 percent to $20.76 billion from $20.15 billion in the same period last year, bringing its six-month sales higher by 3 percent to $41.9 billion from $40.6 billion year-on-year.
Net income, on the other hand, dipped by 2 percent to $389 million in the second quarter from $406 million in the same comparable period. Net earnings in the six-month period also decreased by 3.3 percent to $866 million from $896 million year-on-year.
“Sysco delivered strong results in the second quarter of fiscal year 2026. Our performance was driven by increased local case growth, and gross margin expansion. We delivered our third consecutive quarter of sequentially improving local case growth,” said Sysco Corp. (NYSE:SYS) CEO Kevin Hourican.
“Second quarter results reflected high-quality performance across the income statement and cash flow. These results highlight our operational execution on Sysco specific initiatives. Looking ahead, our underlying momentum and continued focus on Sysco specific initiatives support our confidence in raising our full year adjusted EPS guidance to the high-end of the prior range,” he added.
8. TeraWulf Inc. (NASDAQ:WULF)
TeraWulf bounced back by 11.02 percent on Tuesday to finish at $15.31 apiece, after a semiconductor giant placed further bets on the artificial intelligence sector through a billion-dollar funding in a cloud computing services provider.
TeraWulf Inc. (NASDAQ:WULF) mirrored the rally in technology stocks following news that Nvidia Corp. acquired a $2 billion stake in its counterpart, CoreWeave, reflecting stronger support for the development of the AI industry.
Viewed as a technology benchmark and the key enabler of the AI sector, Nvidia’s investment underscored confidence in the sector despite ongoing concerns of an AI bubble.
For its part, TeraWulf Inc. (NASDAQ:WULF) last year earned the backing of Fluidstack and Google after clinching an agreement with the two firms for the development of high-performance computing (HPC) capacity to support AI needs.
Initially, TeraWulf Inc. (NASDAQ:WULF) and Fluidstack inked an $8.7 billion deal for a 10-year leasing agreement from the former’s Lake Mariner campus in New York.
Eventually, the partnership deepened when both parties announced plans to jointly develop a 168-MW HPC facility in Abernathy, Texas.
Google, on the other hand, would provide a financial backstop to TeraWulf to support expansion initiatives.
7. T1 Energy Inc. (NYSE:TE)
T1 Energy soared by 12.04 percent on Tuesday to close at $9.12 apiece—a new two-year high—as investors took path from the rally in technology stocks, thanks to Nvidia Corp.’s ramped up investments in the AI sector.
In a statement on Monday, Nvidia said that it acquired a $2 billion stake in CoreWeave Inc., a leading data center and high-performance computing (HPC) services provider, in a bid to support the rapidly growing AI industry.
The news spilled over to T1 Energy Inc. (NYSE:TE) alongside other energy stocks, as investors bet on stronger power demand driven by the rapid expansion of AI and data-center infrastructure.
Sentiment was further supported by an optimistic outlook for the solar and wind sectors, with the US Energy Information Administration (EIA) projecting a 21 percent pickup from the said industries by next year, from only 18 percent last year.
In the solar sector alone, utility-scale providers are projected to grow the fastest, increasing from 290 BkWh in 2025 to 424 BkWh by 2027.
Almost 70 GW of new solar generating capacity projects are set to come online this year and the next, representing a 49 percent jump in US solar operating capacity versus 2025.
Much of the addition would come from Texas, where T1 Energy Inc. (NYSE:TE) is developing its $425 million solar cell fabrication facility.
Called the G2 Austin, the facility is targeted to produce an annual capacity of 2.1 GW of high-efficiency TOPCon solar cells. Construction of the project began last month, with commercial operations targeted by the end of the year.
6. NovaGold Resources Inc. (NYSEAmerican:NG)
NovaGold soared to a new five-year record on Tuesday, as investors took heart from gold’s climb to the $5,100 territory during the day—extending a run of all-time highs.
At intra-day trading, NovaGold Resources Inc. (NYSEAmerican:NG) jumped to its highest price of $11.76 before trimming a few cents to finish the day just up by 12.56 percent at $11.74 apiece, mimicking spot prices of gold, which climbed to its highest price of $5,189 during the day amid geopolitical and trade uncertainties.
NovaGold Resources Inc. (NYSEAmerican:NG) rallied alongside its counterparts, namely AngloGold, Newmont, and Orla Mining, among others.
In other news, NovaGold Resources Inc. (NYSEAmerican:NG) recently announced plans to raise $300 million in fresh funds from the private placement of 30 million common shares at a price of $10 each. Of the amount, a European institutional investor was said to have cornered $140 million worth of shares.
The company also granted its underwriters an overallotment option of up to $45 million, potentially increasing the total funds raised to $345 million.
Proceeds will be used to fund expenditures related to Donlin Gold activities, settlement of the company’s prepayment option on the promissory note with Barrick Mining Corporation, alongside other general corporate purposes.
NovaGold Resources Inc. (NYSEAmerican:NG) said that the offer is targeted to close on February 5, 2026.
5. Cipher Mining Inc. (NASDAQ:CIFR)
Cipher Mining saw its share prices jump by 13.71 percent on Tuesday to finish at $18.75 apiece as investors poured funds in high-performance computing (HPC) operators, with sentiment bolstered by Nvidia Corp.’s ramped up investments in the sector.
In a statement on Monday, Nvidia said that it acquired a $2 billion stake in CoreWeave Inc., a leading data center and HPC services provider, in a bid to jointly support the rapidly growing AI industry.
Viewed as a technology benchmark and the key enabler of the AI sector, Nvidia’s investment underscored confidence in the sector despite ongoing concerns of an AI bubble.
Cipher Mining Inc. (NASDAQ:CIFR) rallied alongside its counterparts such as Applied Digital Corp., IREN Ltd., and TeraWulf Inc., among others.
In other news, Cipher Mining Inc. (NASDAQ:CIFR) on Monday earned a 69 percent higher price target of $22 from Keefe, Bruyette and Woods, versus $13 previously. It maintained an “outperform” rating for its stock.
According to the investment firm, the upgrade reflected Cipher Mining Inc.’s (NASDAQ:CIFR) impressive execution of AI colocation strategy, which is constructive for the company’s 2026 lease signings.
4. Applied Digital Corp. (NASDAQ:APLD)
Applied Digital grew its share prices by 14.29 percent on Tuesday to close at $41.35 apiece amid positive developments surrounding the artificial intelligence industry, including higher funding from key players.
Applied Digital Corp. (NASDAQ:APLD) rallied alongside its counterparts, namely IREN Ltd., TeraWulf, and Cipher Mining, among others, following news that Nvidia Corp. invested $2 billion in CoreWeave, reflecting optimism for the sector despite analysts’ concerns of an AI bubble.
Additionally, a US-based AI firm, Anthropic, was said to have raised as much as $15 billion in fresh funds to finance its expansion program.
According to reports, Coatue and Singapore sovereign wealth fund GIC supported the fundraising program, while Sequoia Capital—an investor in Anthropic’s rival, OpenAI—also shelled out for the startup.
Recent fundraising programs sparked rosy prospects for listed data center operators and high-performance computing companies such as Applied Digital Corp. (NASDAQ:APLD) on expectations that AI companies’ ongoing expansion plans could bolster demand for their services.
Applied Digital Corp. (NASDAQ:APLD), for its part, is underway with the construction of its new 430-megawatt data center in Dallas, Texas. The facility will feature two 150-MW facilities on a 500-acre land area.
Once fully operational, Applied Digital Corp. (NASDAQ:APLD) expects to generate more than 200 jobs, in addition to long-term contractors.
3. IREN Ltd. (NASDAQ:IREN)
IREN Ltd. saw its share prices jump by 14.57 percent to close at $59.99 apiece as investors loaded portfolios amid positive developments in the artificial intelligence industry and ahead of the results of its earnings performance next week.
According to the company, it is scheduled to release its financial and operating highlights after market close next Thursday, February 5. A conference call will be held to elaborate on the results.
For the fiscal period, IREN Ltd. (NASDAQ:IREN) is targeting to register $3.4 billion in annualized revenue and expand to 140,000 GPUs to support the expansion of artificial intelligence.
Meanwhile, IREN Ltd. (NASDAQ:IREN) rallied alongside its counterparts following news of billion-dollar fundraising programs in the artificial intelligence industry.
Among them, Nvidia Corp. said that it invested $2 billion in CoreWeave, a leading data center and HPC operator, in a bid to support the growing demands of AI.
Meanwhile, AI startup Anthropic also successfully raised $15 billion in fresh funds for its expansion program, reports said, valuing the company as much as $350 billion.
The news spilled over to data center operators and high-performance computing companies on expectations that AI firms’ ongoing expansion plans could bolster demand for their services.
2. Corning Inc. (NYSE:GLW)
Corning soared to a new all-time high on Tuesday after clinching a $6 billion deal with Meta Platforms Inc. for the supply of fiber optic cables for its data centers, while investors loaded positions ahead of its earnings performance.
At intra-day trading, the stock surged to its highest price of $113.99 before paring gains to finish the session just up by 15.58 percent at $109.74 apiece.
In a statement, Corning Inc. (NYSE:GLW) said that the new agreement would support its manufacturing expansion in North Carolina and generate new jobs in the state.
“This long-term partnership with Meta reflects Corning’s commitment to develop, innovate, and manufacture the critical technologies that power next generation data centers here in the US,” Corning Inc. (NYSE:GLW) Chairman and CEO Wendell Weeks said.
“The investment will expand our manufacturing footprint in North Carolina, support an increase in Corning’s employment levels in the state by 15 to 20 percent, and help sustain a highly skilled workforce of more than 5,000, including the scientists, engineers, and production teams at two of the world’s largest optical fiber and cable manufacturing facilities. Together with Meta, we’re strengthening domestic supply chains and helping ensure that advanced data centers are built using US innovation and advanced manufacturing,” he added.
Meanwhile, Corning Inc. (NYSE:GLW) is set to announce the results of its earnings performance for the fourth quarter and full-year 2025 before market open on Wednesday, January 28. A conference call will be held to discuss the results.
1. Redwire Corporation (NYSE:RDW)
Redwire soared by 29.56 percent on Tuesday to finish at $14.20 apiece following news that it clinched a new contract from the Missile Defense Agency (MDA) under its $151 billion defense program called Scalable Homeland Innovative Enterprise Layered Defense, or SHIELD.
The SHIELD supports President Donald Trump’s Golden Dome program, initially known as the Iron Dome of America, which aims to combine a range of capabilities to create a “system of systems” to protect the United States from “aerial attacks from any foe.”
Redwire Corporation (NYSE:RDW) did not divulge details of the size and the potential revenue from the contract, but said that it encompasses a broad range of work areas that allow for the rapid delivery of innovative capabilities to the warfighter with increased speed and agility.
“Redwire’s proven space and defense technologies, including unmanned aerial systems, advanced sensors, maneuverable spacecraft platforms, and agent-based modeling and simulation, position us to deliver resilient, multi-domain solutions for national security missions,” said Redwire Corporation (NYSE:RDW) Chairman and CEO Peter Cannito.
“We are excited to continue advancing capabilities that help protect the homeland and support mission partners across the Department of War,” he added.
Apart from Redwire Corporation (NYSE:RDW), several listed companies also bagged awards, including Firefly Aerospace, General Atomics, Honeywell, IonQ Inc., and Kratos Defense, among others.
While we acknowledge the potential of RDW 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 RDW 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.
