Ten stocks finished stronger on Tuesday, defying an overall market pessimism, thanks to industry catalysts that fueled buying appetite. Of the 10 stocks, four notably soared to fresh 52-week highs.
Meanwhile, all Wall Street indices finished in the red, led by the Nasdaq, down 0.67 percent, followed by the S&P 500, dropping 0.38 percent, and the Dow Jones, decreasing 0.20 percent.
In this article, we focus on the 10 best-performing stocks on Tuesday and break down the reasons behind their gains.
To come up with the list, we focused exclusively on mid-cap stocks with at least $2 billion in market capitalization and 5 million shares in trading volume.
A stock market graph. Photo by Alesia Kozik on Pexels
10. Hims & Hers Health Inc. (NYSE:HIMS)
Hims & Hers rallied for a second day on Tuesday, adding 5.86 percent to close at $57.97 apiece, as investors welcomed key leadership changes as part of the company’s global expansion initiatives.
In a social media post over the weekend, Hims & Hers Health Inc. (NYSE:HIMS) CEO Andrew Dudum named Mike Chi as the company’s new chief operating officer, leading operations, as well as product, marketing, and commercial segments. He will replace Nader Kabbani, who is stepping into a new advisory role focusing on global initiatives.
The changes will take effect on November 2, 2025.
“Nobody knows how to scale beloved tech and healthcare companies like Nader, and I’m excited for him to focus on future innovation. At the same time, Mike Chi, one of my most trusted partners, is taking on an expanded role,” Dudum said.
“Relentless operator, clear thinker, and builder of great teams. The right leader for this next chapter,” he noted.
Chi has been with Hims & Hers Health Inc. (NYSE:HIMS) since 2021, while Kabbani joined only in May 2025.
9. SoFi Technologies Inc. (NASDAQ:SOFI)
SoFi Technologies grew its share prices for a second day on Tuesday, jumping 6.75 percent to close at $28.14 apiece as investors took early positions in lenders that would benefit from an expected interest rate cut.
The US central bank is set to convene for the next Federal Open Market Committee meeting in the end of the month, and investors are already betting big on another rate cut following key inflation data that solidified expectations.
SoFi Technologies Inc. (NASDAQ:SOFI), an online lending platform, stands to benefit from a rate cut move, with lower rates typically bolstering borrowing volumes.
In other developments, SoFi Technologies Inc. (NASDAQ:SOFI) is set to release the results of its third quarter earnings performance in the end of the month, based on its historical earnings reporting dates.
For the full-year 2025, SoFi Technologies Inc. (NASDAQ:SOFI) is targeting to deliver $370 million in net income and $3.375 billion in revenues, which would represent a 30 percent growth year-on-year.
8. IREN Ltd. (NASDAQ:IREN)
IREN Ltd. extended its winning streak to a third straight day on Tuesday to hit a new all-time high, as investor sentiment was fueled by newly inked cloud supply deals, while hinting at more to come.
In intra-day trading, IREN Ltd. (NASDAQ:IREN) soared to another all-time high of $63.40 before paring gains to end the day just up by 6.81 percent at $61.68 apiece.
In a statement, IREN Ltd. (NASDAQ:IREN) said it has successfully deployed 11,000 Nvidia Blackwell GPUs to its existing AI partners, with full operations targeted by the end of the year. Meanwhile, the remaining 12,000 GPUs are on track to be delivered by the end of the first quarter next year and generate $500 million in annualized recurring revenues (ARR) from AI alone.
Additionally, it was luring and in active talks with more companies for more potential agreements.
In line with its expansion program, IREN Ltd. (NASDAQ:IREN) announced plans to raise $875 million from the issuance of convertible senior notes due 2031, with an option to purchase an additional $125 million within a period of 13 days from the date the notes were first issued.
If fully subscribed, the overall issuance would deliver the company as much as $1 billion in fresh funds.
7. Figma Inc. (NYSE:FIG)
Figma extended its winning streak to a fourth straight session on Tuesday, adding 6.81 percent to close at $60.84 apiece, as investor sentiment was boosted by its application’s integration into ChatGPT, strengthening its foothold in the artificial intelligence sector.
In an onstage demo at OpenAI’s annual DevDay conference in San Francisco, OpenAI CEO Sam Altman said that Figma Inc.’s (NYSE:FIG) application is now integrated into ChatGPT, allowing it to take over to respond and complete a relevant action.
“When someone’s using ChatGPT, you’ll be able to find an app by asking for it by name,” Altman said. “For example, you could sketch out a product flow for ChatGPT and then say, Figma, turn this sketch into a workable diagram. The Figma app will take over, respond, and complete the action.”
Additionally, Figma Inc. (NYSE:FIG) product manager Luke Zhang said in a blog post that the AI assistant could also suggest the application when relevant.
“Starting today, the Figma app in ChatGPT will be able to recommend and create AI-generated FigJam diagrams based on your conversation. Users can also upload files like photos, drawings, and PDFs to guide the output. That currently includes text-based flow charts, sequence diagrams, state diagrams, and Gantt charts, with more to come,” he noted.
6. Fermi Inc. (NASDAQ:FRMI)
Fermi snapped a three-day losing streak on Tuesday, jumping 6.91 percent to close at $28.17 apiece as investors resorted to bargain-hunting to take advantage of its cheap valuation, supported by optimism from strong demand for AI.
Fermi Inc. (NASDAQ:FRMI) is a newly listed company that successfully raised $682 million from its initial public offering (IPO) covering 32.5 million shares at a price of $21 apiece.
In line with the offer, Fermi Inc. (NASDAQ:FRMI) also granted its underwriters a 30-day option to purchase up to an additional 4.87 million shares at the IPO price, less underwriting discounts and commissions, potentially raising an additional $102 million.
From its IPO price to its latest closing price, the stock was already up by 34 percent.
In other developments, Fermi Inc. (NASDAQ:FRMI) told the Securities and Exchange Commission on Monday that it entered into an employment agreement with Toby Neugebauer to serve as the company’s chief executive for a three-year term with automatic successive one-year renewals, unless earlier terminated.
In line with the agreement, Neugebauer will receive an annual base salary of $500,000.
Fermi is pioneering the development of next-generation electric grids that deliver highly redundant power at a gigawatt scale, required to create next-generation artificial intelligence.
5. USA Rare Earth Inc. (NASDAQ:USAR)
USA Rare Earth extended its winning streak to a 5th consecutive day to reach a new all-time high on Tuesday, as investors continued to place bets on expectations that it would reach an investment deal with the US government.
In intra-day trading, USA Rare Earth Inc. (NASDAQ:USAR) soared to a fresh high of $30.92 before paring gains to finish the day just up by 7.41 percent at $28.27 apiece.
Investors remained in a wait-and-see mode following USA Rare Earth Inc. (NASDAQ:USAR) CEO Barbara Humpton’s confirmation earlier that the company was “in close communication” with the White House, saying it was keeping it informed of its own plans.
The talks followed the US government’s acquisition of a 5 percent stake in Lithium Americas earlier this month, and another 5 percent in its flagship Thacker Pass lithium project in Nevada. In July, the government also acquired a 15 percent investment in rare earth miner, MP Materials.
The move was in line with President Donald Trump’s plans to boost the domestic supply of critical minerals in the US while reducing its reliance on imports.
According to Humpton, the rare earth supply chain “is a field where it will not be a zero-sum game.”
USA Rare Earth, Inc. (NASDAQ:USAR) is currently developing a mine site in Sierra Blanca, Texas, and a magnet production facility in Stillwater, Oklahoma.
4. James Hardie Industries plc (NYSE:JHX)
James Hardie jumped by 8.11 percent on Tuesday to finish at $21.72 apiece after hinting at a potential 35 percent growth in net sales for the second quarter of fiscal year 2026.
James Hardie Industries plc (NYSE:JHX) announced preliminary results for the said period, with expectations to report $1.29 billion to $1.3 billion in net sales, or a 34 to 35 percent growth from the $961 million registered in the same period last year.
Adjusted EBITDA was also expected to be at $326 million to $331 million, or a 23.9 percent to $25.8 percent growth from the $263 million year-on-year.
Commenting on the preliminary data, James Hardie Industries plc (NYSE:JHX) CEO Aaron Erter said that he was encouraged by the results, bolstering his outlook that the siding and trim segment has modestly improved.
“We will provide an update to our full year guidance through March with our second quarter earnings call in November,” he noted.
James Hardie Industries plc (NYSE:JHX) is expected to announce the official data results on November 18.
3. Tilray Brands Inc. (NASDAQ:TLRY)
Tilray Brands Inc. (NASDAQ:TLRY) grew its share prices by 8.23 percent on Tuesday to finish at $1.71 apiece as investors repositioned portfolios ahead of an expected decision from President Donald Trump on the legalization of cannabis and Cannabidiol (CBD) products.
With a positive decision expected in the coming weeks, investors are already pouring funds into cannabis product manufacturers, Tilray Brands Inc. (NASDAQ:TLRY), Canopy Growth, Cronos Group, and Aurora Cannabis.
It can be recalled that Trump earlier posted a three-minute video on his social media account promoting the use of cannabis and CBD for medical use, which investors took as a cue for the US government’s looming legalization of the substance.
According to the video, the CBD oil is able to revolutionize senior healthcare and reduce medical costs in the US by $64 billion.
2. TMC the metals company Inc. (NASDAQ:TMC)
TMC extended its winning streak to a 5th consecutive day on Tuesday to hit a fresh record high, as investors turned optimistic for the overall critical mining industry, amid a series of investment deals with the US government.
In intra-day trading, TMC the metals company Inc. (NASDAQ:TMC) jumped to its highest 52-week high of $9.55 before paring gains to end the day just up by 20.21 percent at $9.28 apiece.
The rally was fueled by the US government’s various initiatives to bolster the domestic production of critical minerals, with the recent acquisition of significant stakes in mining companies, namely Lithium Americas and MP Materials.
Another miner, USA Rare Earth, confirmed that it was in talks with the Trump administration and that it was keeping it informed about its plans.
The investment deals spilled over to critical mining stocks, including TMC the metals company Inc. (NASDAQ:TMC), which produces nickel, cobalt, and copper, that are vital for the renewable energy and electric vehicle industries.
1. BTQ Technologies Corp. (NASDAQ:BTQ)
BTQ Technologies soared to a new all-time high on Tuesday, jumping 51.54 percent to finish at $13.79 apiece as investors cheered the inclusion of two key executives expected to help support the company’s quantum computing plans.
During the session, BTQ Technologies Corp. (NASDAQ:BTQ) soared to its highest price of $14.38 before trimming gains to end the day up 51.54 percent at $13.79 apiece, following news that Sean Hackett and Zach Belateche—founders of Radical Semiconductor, which the former earlier acquired—have officially joined the company full-time.
BTQ Technologies Corp. (NASDAQ:BTQ) said that Hackett and Belateche would support the acceleration of its post-quantum commercialization efforts, as it aims to gain a foothold in the rapidly expanding quantum computing sector.
The executives’ twin appointments followed comments from Eric Jackson, investor and founder of EMJ Capital, that BTQ Technologies Corp. (NASDAQ:BTQ) is currently undervalued as compared with its largest competitor, Quantum Computing Inc. (NASDAQ:QUBT), whose market capitalization currently stands at $4 billion versus BTQ’s nearly $2 billion.
According to Jackson, BTQ Technologies Corp. (NASDAQ:BTQ) is currently undervalued despite “arguably having fewer patents, employees, and near-term revenue prospects.”
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 funds’ investor letters by entering your email below.
Hedge Fund Resource Center