Ten stocks boasted double-digit gains on Friday, defying a broader market pessimism, as investors took heart from renewed optimism for the artificial intelligence sector, alongside other company-specific developments. Of the said firms, four soared to new record highs.
On Wall Street, the three main indices all finished in the red, led by the Dow Jones, down 0.17 percent, while the S&P 500 and the Nasdaq both dipped by 0.06 percent.
Indices aside, we highlight the 10 top-performing stocks on Friday and detail 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. Silvercorp Metals Inc. (NYSEAMERICAN:SVM)
Silvercorp notched a new all-time high on Friday, as investor optimism was fueled by strong preliminary earnings results for the third quarter of fiscal year 2026, with revenues soaring by 51 percent.
Following six straight days of gains, the stock finished the day higher by 10.88 percent at $11.31 apiece—its highest price so far.
In a statement, Silvercorp Metals Inc. (NYSEAMERICAN:SVM) said that revenues in the third quarter jumped to $126.1 million from $83.6 million in the same period last year on the back of higher silver prices during the period which offset a 4 percent decrease in silver production.
Silver production ended at 1.9 million ounces, lower than the 1.946 million ounces in the same period last year, while silver equivalent decreased by 5 percent to 2 million ounces from 2.1 million ounces previously.
Similarly, lead production ended weaker by 4 percent at 16.4 million pounds versus 17.09 million year-on-year.
Only zinc production posted a jump in operations, at 7 million pounds, or 5 percent higher than 6.67 million pounds in the same comparable period.
Official results are set to be released after market close on February 9.
9. T1 Energy Inc. (NYSE:TE)
T1 Energy bounced back by 10.26 percent on Friday to finish at $8.17 apiece as investors took heart from a stronger outlook for the solar industry over the next two years.
In its short term energy outlook published on the same day, the US Energy Information Administration (EIA) said that it expects power generation from solar and wind to pick up by 21 percent in 2027 from 18 percent last year, while the share of natural gas, coal, and nuclear would fall to 72 percent from 75 percent in 2025.
The utility-scale solar sector is 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 in 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.
Meanwhile, T1 Energy Inc. (NYSE:TE) said that the second phase would be capable of producing 3.2 GW of solar cells with a potential room for expansion depending on the demand.
8. Venture Global Inc. (NYSE:VG)
Venture Global extended its winning streak to a 5th consecutive day on Friday, climbing 10.55 percent to close at $8.80 apiece as investor appetite was bolstered by the colder months’ seasonally rosy period for the energy sector.
Typically, traders view the winter season as the strongest period for the energy sector as households and businesses ramp up their power consumption for their heating needs, in turn, bolstering demand for natural gas exports and other energy sources.
Sentiment was further buoyed by sustained demand from the power-hungry artificial intelligence data centers.
Friday’s rally came despite a decline in natural gas prices, with February contracts shedding 0.80 percent at $3.10 per million British thermal units (MMBtu).
In other news, Venture Global Inc. (NYSE:VG) lowered its adjusted EBITDA outlook for full-year 2025 for the second time, to a range of $6.18 billion to $6.24 billion. This follows a reduction announced in its last earnings call in November, when it trimmed its guidance to a range of $6.35 billion to $6.5 billion from the original $6.4 billion to $6.8 billion.
Official results are expected to be released in the second week of February 2025.
7. Intuitive Machines Inc. (NASDAQ:LUNR)
Intuitive Machines saw its share prices jump by 10.67 percent on Friday to finish at $21.58 apiece as investors took heart from Morgan Stanley’s bullish comments about the space industry for 2026.
In a market report, Morgan Stanley underscored a “banner year” for the space sector in 2025, with optimism expected to spill over in 2026.
This year’s outlook, it said, will be fueled by higher launch cadences, new product introductions, and market maturation, as well as the US government’s support of the industry through implementing policies for its expansion.
Optimism sparked buying positions in key players, namely Intuitive Machines Inc. (NASDAQ:LUNR), Firefly Aerospace, Rocket Lab, and MDA, among others.
In other developments, Intuitive Machines Inc. (NASDAQ:LUNR) strengthened its position as a vertically integrated space player following the successful acquisition of spacecraft manufacturer Lanteris Space Systems for $800 million.
Under the terms of the agreement, Intuitive Machines Inc. (NASDAQ:LUNR) acquired Lanteris through a combination of $450 million in cash payments and the issuance of $350 million worth of Intuitive Machines Class A common stock.
According to the listed firm, the acquisition 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.
6. Super Micro Computer Inc. (NASDAQ:SMCI)
Super Micro soared by 10.94 percent on Friday to finish at $32.64 apiece, mimicking the rally in the artificial intelligence sector after one of the world’s semiconductor giants announced that it was boosting its capital expenditures this year amid strong demand.
In conjunction with its earnings release on the same day, Taiwan Semiconductor Manufacturing Company said that it would bolster its capex by 33 to 37 percent this year to a range of $52 billion to $56 billion versus the $38 billion to $42 billion last year, on the back of strong demand for semiconductors from its customers.
Optimism spilled over to Super Micro Computer Inc. (NASDAQ:SMCI), as well as IREN Ltd., given their heavy exposure to Nvidia Corp.’s GPUs, which are manufactured by TSMC.
Additionally, TSMC’s strong earnings performance last year bolstered robust prospects for the broader AI sector, having achieved a 35 percent expansion of its net income in the fourth quarter alone at NT$505.7 billion versus NT$374.68 billion in the same period last year. Net sales, on the other hand, jumped by 20.5 percent to NT$1.046 trillion from NT$868.46 billion year-on-year.
For its part, Super Micro Computer Inc. (NASDAQ:SMCI) is set to announce the results of its earnings performance for the second quarter of fiscal year 2026 in the last week of January, based on its historical earnings reports.
5. IREN Ltd. (NASDAQ:IREN)
IREN ended two days of losses on Friday, climbing 11.43 percent to close at $57.82 apiece as investors took path from this year’s higher spending from one of the world’s largest semiconductor manufacturers amid the strong demand from the rapidly growing AI sector.
On Friday, Taiwan Semiconductor Manufacturing Company (TSMC) announced that it was setting aside a 33 to 37 percent higher budget this year in the range of $52 billion to $56 billion versus the $38 billion to $42 billion last year, on the back of strong demand for semiconductors.
Optimism spilled over to IREN Ltd. (NASDAQ:IREN) and SuperMicro Computer Inc., both heavily reliant on Nvidia Corp.’s GPUs, which are manufactured by TSMC.
Additionally, TSMC’s strong earnings performance in the past quarter buoyed optimism for companies riding the AI wave. During the period, TSMC said that net income expanded by 35 percent to NT$505.7 billion from NT$374.68 billion in the same period last year. Net sales, on the other hand, jumped by 20.5 percent to NT$1.046 trillion from NT$868.46 billion year-on-year.
In other developments, IREN Ltd. (NASDAQ:IREN) recently earned bullish coverage from investment firms HC Wainwright and Bernstein, both issuing the company a “buy” recommendation.
IREN Ltd. (NASDAQ:IREN) received an $80 price target from HC Wainwright, marking a 38 percent upside potential from its latest closing price. Meanwhile, Bernstein cut its price target by 40 percent to $75 from $125 previously, but the new figure still represented a 30 percent upside potential.
4. Figure Technology Solutions Inc. (NASDAQ:FIGR)
Figure Technology soared to a new all-time high again on Friday, as investors increased their positions following another investment firm’s 16 percent price target upgrade for its stock.
At intra-day trading, Figure Technology Solutions Inc. (NASDAQ:FIGR) soared to its highest price of $76.57 before paring gains to finish the day just up by 13.86 percent at $73.91 apiece.
The rally followed Mizuho’s price target hike for the company to $64 from $54 previously, while maintaining an outperform rating. The stock price, however, was notably lower than its closing prices in the past two trading days.
Apart from Mizuho, Figure Technology Solutions Inc. (NASDAQ:FIGR) also earned a price target upgrade of $75 from Piper Sandler, versus $55 previously, while maintaining an overweight rating.
Piper Sandler’s coverage was based on Figure Technology Solutions Inc.’s (NASDAQ:FIGR) 133.6 percent expansion in consumer loan marketplace volume in the fourth quarter of 2025, beating the investment firm’s projection by 20 percent.
Piper Sandler also raised its earnings per share estimate for the company by 34 percent in the fourth quarter of the year, and by 18 percent for the years 2026 and 2027.
In other news, Figure Technology Solutions Inc. (NASDAQ:FIGR) officially launched the On-Chain Public Equity Network, which allows companies to list their equity native on blockchain.
Unlike other tokenization efforts, OPEN equities are blockchain-registered, not a tokenized version of Depository Trust and Clearing Corporation securities. The equities will trade on a limit order book using Figure’s Alternative Trading System, opening the door for continuous trading. Shareholders will be able to use Figure’s Democratized Prime, a decentralized finance protocol to borrow against and lend out their stock, disintermediating the role prime brokers traditionally play.
3. AST SpaceMobile Inc. (NASDAQ:ASTS)
AST SpaceMobile capped off Friday’s session soaring to a new all-time high after being named as a prime contract service provider by the Missile Defense Agency (MDA), opening doors for a wide range of task orders in the future.
At intra-day trading, AST SpaceMobile Inc. (NASDAQ:ASTS) climbed to its highest price of $120.80 before paring gains to finish the session just up by 14.34 percent at $115.77 apiece.
In a statement on the same day, AST SpaceMobile Inc. (NASDAQ:ASTS) said that as an MDA prime contractor, it would support the agency’s Scalable Homeland Innovative Enterprise Layered Defense (SHIELD) program encompassing task orders across research, development, engineering, prototyping, and operations critical to the United States’ national security objectives.
“Being selected as a prime contract awardee for the MDA’s SHIELD program is a major validation of our unique, on-orbit, dual-use technology and our growing capabilities within the defense sector,” said Chief Commercial Officer Chris Ivory.
“Our innovative low-Earth orbit (LEO) satellite architecture, featuring the largest commercial phased arrays ever deployed in low Earth orbit, is inherently scalable and resilient. This SHIELD IDIQ contract establishes AST SpaceMobile as an eligible provider to bid directly on future task orders, enabling us to rapidly align our cutting-edge space technology with the critical needs of the Department of War and other US Government entities,” he added.
2. Riot Platforms Inc. (NASDAQ:RIOT)
Riot Platforms bounced back by 16.11 percent on Friday to finish at $19.24 apiece after bagging a data center lease and services agreement with Advanced Micro Devices Inc. (AMD), which could potentially generate the former up to $1 billion in revenues.
In a statement, Riot Platforms Inc. (NASDAQ:RIOT) said that it entered into a 10-year lease agreement with AMD for the delivery of 25 MW of critical IT load capacity at its Rockdale site.
The initial contract amounts to $311 million, with an option for AMD to extend its lease by three five-year contracts, or by 15 years, for a total of $1 billion.
In addition, AMD holds an expansion option for an additional 75 MW of critical IT load capacity and a right of first refusal for another 100 MW. If both are exercised, AMD’s total leased capacity at the Rockdale Site would increase to 200 MW.
Riot Platforms Inc. (NASDAQ:RIOT) said that it has commenced retrofitting one of its existing buildings, with delivery to AMD expected in two phases, the first being this month, with final completion in May 2026.
In other news, Riot Platforms Inc. (NASDAQ:RIOT) also announced the successful acquisition of 200 acres of land in Milam County, Texas—which it previously leased—for a purchase price of $96 million.
The transaction provided the company with a permanent base and more long-term stability in the area, allowing for the development of more data centers for its customers.
1. ImmunityBio Inc. (NASDAQ:IBRX)
Shares of ImmunityBio showed no signs of stopping, surging for an 11th straight session on Friday to hit a new 52-week high after a flurry of catalysts, including a 700 percent sales jump, its expansion to a new international market, as well as the promising results from the clinical trial of its treatment candidate for a rare blood cancer.
At intra-day trading, the stock soared to its highest price of $5.58 before trimming gains to end the session just up by 39.75 percent at $5.52 apiece.
In a statement, ImmunityBio Inc. (NASDAQ:IBRX) said that its CD19 CAR-NK treatment, in combination with rituximab, showed that the disease in four patients enrolled in the program was fully controlled, with two demonstrating complete remission at 7 and 15 months despite not receiving additional treatments after the initial eight doses.
After only two cycles, ImmunityBio Inc. (NASDAQ:IBRX) said the tumors disappeared completely, adding that the durability of complete response after ending the treatment underscores the potential for long-term immune-mediated disease control without continuous therapy.
In other developments, ImmunityBio Inc. (NASDAQ:IBRX) earlier this week announced a 700 percent jump in preliminary revenues from Anktiva at $113 million for the full-year 2025, amid strong demand.
It is also set expand operations in Saudi Arabia after securing the approval of its Food and Drug Administration to sell and market Anktiva.
While we acknowledge the potential of IBRX 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 IBRX and that has 100x upside potential, check out our report about this cheapest AI stock.
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