Ten companies posted significant gains on Tuesday, mirroring the upward movement of two key Wall Street indices. The Dow Jones Industrial Average rose by 0.52%, while the S&P 500 edged up by 0.11%.

A combination of positive catalysts—including strategic partnerships, strong earnings reports, and favorable analyst outlooks—helped drive their performance. In this article, we highlight the top 10 gainers and explore the factors behind their impressive gains.

To come up with Tuesday’s top gainers, we considered only the stocks with at least $2 billion in market capitalization and $5 million in daily trading volume.

10. BridgeBio Pharma Inc. (BBIO)

Shares of BridgeBio Pharma (BBIO) grew for a second day on Tuesday as traders continued to cheer news of high demand for its newly approved drug Attruby.

During the trading day, the company rallied by 5.56 percent to finish at $35.60 following announcements that Attruby has seen a substantial demand with 430 prescriptions from 248 unique healthcare providers. Attruby is a prescription medicine used to treat adults with a disease that affects the heart muscle called cardiomyopathy.

The early success highlighted the medical community’s recognition of the need for new treatment options for patients with this progressive, fatal disease. It also bolstered investor sentiment for the next stage of clinical trials for three potential assets—Fortify, for the potential treatment of limb-girdle muscular dystrophy type 2I/R9; Calibrate, for autosomal dominant hypocalcemia type 1; and Propel 3, achondroplasia.

Each trial is expected to complete its last patient visit and release the results in the second half of the year.

9. IonQ Inc. (IONQ)

IonQ (IONQ) saw its shares rise by 5.92 percent to finish Tuesday’s trading at $29.51 apiece after the company announced on the same day that it clinched a $1-billion deal with the state of Maryland to make the state the home of quantum computing.

As part of the deal, IonQ will expand its headquarters into a 100,000-square-foot facility that will house a data center, laboratories, and office space at the University of Maryland.

IonQ President and CEO Peter Chapman said that the deal is expected to support cutting-edge research, innovation, economic growth, and create more jobs.

“The Governor’s commitment is a testament to his vision for the pivotal role that quantum science will play in the state’s economic development and technological leadership,” Chapman added. “This investment will also enhance our collaboration with the University of Maryland to solidify the region as a global leader in quantum innovation.”

8. Rocket Companies Inc. (RKT)

Rocket Companies (RKT)—a fintech platform firm with businesses in mortgage, real estate, and personal finance—grew its share prices by 6.33 percent on Tuesday to end at $11.08 apiece.

This followed announcements that it was officially unifying and renaming its services under the “Rocket” brand as it seeks to be one of the most inclusive brands in America.

Rocket will reveal the next step in its brand transformation with a Super Bowl campaign—a marketing strategy that uses the Super Bowl’s high viewership to promote a brand’s products and services.

“This is just the first of many steps Rocket will take in 2025 as we embark upon this significant companywide transformation. This refreshed identity celebrates the humanity and diversity of the homeownership journey, redefining what it truly means to own a home in today’s America,” said Rocket Companies Chief Marketing Officer Jonathan Mildenhall.

7. Xpeng Inc. (XPEV)

Electric vehicle manufacturer Xpeng Inc. (XPEV) saw its share prices rally by 6.77 percent on Tuesday to finish at $12.61 apiece as investor sentiment was buoyed by news that it sealed a new deal to expand the number of charging stations in China.

On Monday, XPeng announced that it joined forces with charging station supplier BP Pulse to boost charging networks to 40,000 charging piles in 420 cities in China.

At present, Xpeng operates 1,790 charging stations with 9,070 piles, while BP Pulse has around 23,000 piles.

The partnership followed XPeng’s recent deal with Volkswagen for the same agreement, which will see the establishment of 20,000 charging points across the country.

The twin partnerships complemented Xpeng’s recent launch of new electric vehicles—the Mona M03 and P7+ sedans, with more charging stations to be available for its customers.

6. Coeur Mining Inc. (CDE)

Coeur Mining’s (CDE) shares increased by 6.9 percent on Tuesday to finish at $6.35 apiece ahead of the announcement of its fourth quarter and full-year 2024 earnings results on February 19, 2025, and developments on its proposed merger with SilverCrest Metals Inc.

In October this year, Coeur announced that it was fully acquiring SilverCrest, pursuant to a court-approved plan of arrangement. Upon completion of the deal, Coeur Mining will gain access to SilverCrest’s vast portfolio of silver and gold mines in Canada.

If approved by the court, the acquisition would add 21 million ounces of silver production to Coeur’s portfolio and would represent 56 percent of revenues from US-based mines and 40 percent of silver revenues.

5. Terawulf Inc. (WULF)

Shares of Terawulf (WULF) on Tuesday grew by 7.12 percent to close at $5.57 apiece after a brokerage firm reaffirmed its positive stance in the company, maintaining a “buy” rating and a price target of $10 each.

Rosenblatt Securities said the positive outlook was in line with Terawulf’s significant progress in its December 2024 production update, noting the company’s self-mining of 158 Bitcoin which contributed to an annual total of 2,728 Bitcoin.

The company’s stock price also traded higher in line with rising Bitcoin prices, which as of intra-day trading touched the $97,000 level.

Another analyst also highlighted the company’s remarkable growth, with revenues surging 131 percent in the last twelve months, projecting continued sales growth this year.

4. TG Therapeutics Inc. (TGTX)

Higher earnings coupled with a positive outlook for 2025 sent TG Therapeutics’ (TGTX) share prices rising by 7.48 percent on Tuesday to end at $29.74 apiece.

Before trading, TG Therapeutics announced it hit $310 million in revenues for the full year 2024, of which $103.6 million was registered in the fourth quarter alone. The figures beat projections, having pegged revenues to settle between $300 million to $305 million for 2024.

TG Therapeutics attributed higher revenues from strong sales to its multiple sclerosis drug, Briumvi.

The company also said it expects total global revenue of around $540 million in 2025, with Briumvi expected to bring in $525 million in the US, a 69% jump from the drug’s 2024 sales.

In the coming year, TG Therapeutics plans to enroll participants in an ongoing trial testing Briumvi in diseases outside of multiple sclerosis.

“We believe Briumvi is well positioned to continue to grow and provide value to patients and physicians,” said TG Therapeutics CEO Michael Weiss.

3. Bitdeer Technologies Group (BTDR)

Bitdeer Technologies (BTDR) jumped by 11.28 percent on Tuesday to end at $19.04 each after investment banking firm Needham & Company LLC raised its price target for the company by 57 percent to $22 from $14 earlier, while giving it a “buy” rating.

The update was based on refreshed expectations for machine manufacturing sales. It also increased its valuation multiple on growing confidence in Bitdeer’s high-performance compute opportunities.

Earlier this month, Bitdeer also earned a bullish outlook from Roth MKM, with a “buy” rating and a $29 price target.

Bitdeer, a $4-billion heavyweight in Bitcoin mining, rallied in line with higher Bitcoin prices, which as of Tuesday touched the $97,000 level.

2. Rigetti Computing Inc. (RGTI)

Shares of Rigetti Computing (RGTI) soared by 47.93 percent on Tuesday at $8.95 apiece as investors resorted to bargain-hunting following a four-day losing streak.

Despite recent bearish comments from Meta Platforms CEO Mark Zuckerberg and Nvidia Corp. CEO Jensen Huang, who cast doubts on the immediate practical applications of quantum computing, optimism surrounding the sector received a boost.

This came after the state of Maryland announced a partnership with IonQ Inc. (IONQ), a leading quantum computing firm, to establish the state as a hub for quantum technology. The partnership has sparked renewed confidence not just in IonQ, but in the quantum computing sector’s long-term growth potential.

Huang also said earlier that the chipmaker, a major player in the artificial intelligence boom, would play a key role in the development of quantum computers, which will be able to quickly solve problems that would take traditional computers thousands of years to complete.

1. H&E Equipment Services, Inc. (HEES)

Shares of H&E Equipment (HEES) soared by 105.48 percent on Tuesday to close at $90.29 apiece following news that it is set to be acquired by United Rentals for approximately $4.8 billion.

Founded in 1961, H&E Equipment provides customers with a comprehensive mix of high-quality general rental fleets including aerial work platforms, earthmoving equipment, material handling equipment, and other general and specialty lines of equipment.

With approximately 2,900 employees and $2.9 billion of rental fleet at original cost, the company serves a diverse mix of customers across both construction and industrial markets through its network of approximately 160 branches in over 30 US states.

On a trailing 12-month basis through September 30, 2024, H&E Equipment generated $696 million of adjusted EBITDA on total revenues of $1.5 billion, translating to an adjusted EBITDA margin of approximately 45.8 percent.

While we acknowledge the potential of HEES as an investment, our conviction lies in the belief that AI stocks hold greater promise for delivering higher returns and doing so within a shorter timeframe. If you are looking for an AI stock that is more promising than HEES but that trades at less than 5 times its earnings, check out our report about the cheapest AI stock.

READ NEXT: 8 Best Wide Moat Stocks to Buy Now and 30 Most Important AI Stocks According to BlackRock

Disclosure: None. This article is originally published at Insider Monkey.