Ten companies skyrocketed by double to triple digits last week, seven of which notably climbed to new record highs, thanks to a broader optimism for the artificial intelligence sector and precious metals surging to fresh peaks, alongside other company-specific developments.
In this article, we explore the 10 top-performers last week and break down the reasons behind their gains.
To come up with the list, we focused exclusively on stocks with more than $2 billion in market capitalization.
The stocks were based on the percentage change in their prices between January 9 and 16, 2026.
The New York Stock Exchange building. Photo by Дмитрий Трепольский on Pexels
10. CoreWeave Inc. (NASDAQ:CRWV)
CoreWeave surged by 26.3 percent week-on-week to claw back to the $101 level—a two-month high—as investors loaded positions in stocks riding the artificial intelligence wave, buoyed by a semiconductor giant’s strong earnings performance last year and news that it would increase its capital expenditures (capex) for 2026.
In its earnings call last week, semiconductor giant Taiwan Semiconductor Manufacturing Company (TSMC)—manufacturer of Nvidia Corp.’s chip designs, announced that it would ramp up its capex by 33 to 37 percent to a range of $52 billion to $56 billion from $38 billion to $42 billion last year, as it targets to meet the strong demand for chips from the AI industry.
Said initiative spelled good news for data center operators and cloud computing services providers such as CoreWeave Inc. (NASDAQ:CRWV), as more chips available on the market means further room for growth.
Additionally, investor sentiment was fueled by TSMC’s strong earnings performance last year, with net income in the fourth quarter of 2025 alone expanding 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.
Meanwhile, CoreWeave Inc. (NASDAQ:CRWV) received price targets of $86 and $68 from Goldman Sachs and DA Davidson, respectively, with both assigning a “neutral” rating for its stock.
9. Planet Labs PBC (NYSE:PL)
Planet Labs saw its share prices jump by 26.7 percent week-on-week as investors took path from a new “nine-figure” deal with the Swedish Armed Forces for the supply of satellites to support security operations.
Under the agreement, Planet Labs PBC (NYSE:PL) would deliver a suite of satellites and space-based data and awareness solutions for the Swedish Armed Forces for multiple years, marking its third satellite services contract in just a span of 12 months.
“Europe needs its own eyes, and Sweden is leading the way by rapidly securing its own, comprehensive space capability—helping achieve its own security objectives and assisting regional allies, like Ukraine, with timely, critical information,” said Planet Labs PBC (NYSE:PL) CEO Will Marshall.
“By leveraging Planet’s scaled production line and agile aerospace methodology, Sweden achieves both the speed and the long-term sovereignty they require, without compromise,” he added.
Revenues from the contract are expected to be recognized over several years.
Additionally, Planet Labs PBC (NYSE:PL) announced the upcoming launch of its Owl constellation, its next-generation monitoring satellite capable of delivering near-daily one-meter class imagery.
Meanwhile, Planet Labs PBC (NYSE:PL) was issued an “equal weight” rating from Morgan Stanley, but with a higher price target of $26 versus $20 previously.
8. Figure Technology Solutions Inc. (NASDAQ:FIGR)
Figure Technology jumped by 27.2 percent week-on-week, hitting a new all-time high of $76.57, after two investment firms raised their price targets for its stock.
In its coverage, Piper Sandler issued a price target of $75 for Figure Technology Solutions Inc.’s (NASDAQ:FIGR) stock, higher than the $64 previously. It also reaffirmed its “outperform” rating after the lending firm beat its consumer loan marketplace volume (CLMV) forecast by 20 percent.
According to Figure Technology Solutions Inc. (NASDAQ:FIGR), CLMV in the fourth quarter of 2025 surged by 131 percent to $2.7 billion from only $1.17 billion in the same quarter in 2024. In December alone, CLMV climbed by 133.6 percent to $869 million from only $372 million in the same month last year.
CLMV is the total dollar amount of consumer loans from home equity line of credit, debt service coverage ratio, personal loans on its loan origination system, as well as the volume of third-party loans traded on Figure Connect.
Amid the strong results, Piper Sandler raised its earnings per share estimate for the company by 34 percent for the fourth quarter of 2025, and by 18 percent for the years 2026 and 2027.
Apart from Piper Sandler, Figure Technology Solutions Inc. (NASDAQ:FIGR) also received an 18 percent price target hike from Mizuho—$64 versus $54—while maintaining an “outperform” rating. However, the figure was notably 13.4 percent lower than its closing price of $73.91 on Friday.
7. Hycroft Mining Holding Corp. (NASDAQ:HYMC)
Hycroft Mining surged by 27.6 percent week-on-week, hitting a new four-year high, as investor sentiment was buoyed by silver’s rally to a fresh peak that sparked potential for higher profits, especially with the successful exploration of high-grade resources at its Nevada mining site.
Following geopolitical tensions and continued uncertainties about US trade policies, inflation, and interest rates, investor funds shifted to safer assets such as gold and silver to mitigate risks, with optimism spilling over to mining companies such as Hycroft Mining Holding Corp. (NASDAQ:HYMC).
The rally was further supported by news earlier that Hycroft Mining Holding Corp. (NASDAQ:HYMC) successfully found the best grades of silver at its Nevada mining site, and that drilling exploration showed the area’s continuity of resources.
Meanwhile, spot prices of silver further jumped by 4.68 percent to a new record of $94 on Monday following President Donald Trump’s fresh tariff threats on European countries opposing his proposed takeover of Greenland.
Investors will be closely watching out on how mining stocks would perform on the start of the trading week on Tuesday, as US markets are closed on Monday in celebration of the Martin Luther King Jr. day.
6. Ultra Clean Holdings Inc. (NASDAQ:UCTT)
Ultra Clean Holdings saw its share prices jump by 27.89 percent week-on-week to hit a 52-week high as investors increased their positions in the company after highlighting its role in the AI industry, further fueled by a semiconductor giant’s higher bets on the sector.
On Thursday, Ultra Clean Holdings Inc. (NASDAQ:UCTT) soared to its highest price of $46, alongside companies riding the AI wave after Taiwan Semiconductor Manufacturing Company (TSMC)—the world’s largest semiconductor manufacturer and maker of Nvidia Corp.’s chip designs—announced that it would ramp up its spending in the sector, an initiative which investors interpreted as a confirmation of strong global demand for AI and high-performance chips.
The announcement spilled over to semiconductor stocks, including Ultra Clean Holdings Inc. (NASDAQ:UCTT), which supplies specialized subsystems, components, and ultra-high purity manufacturing services critical within semiconductors fabs and equipment, making its products and services mission-critical to fab operations.
Additionally, Ultra Clean Holdings Inc. (NASDAQ:UCTT) early last week presented at the two-day Annual Needham Growth Conference, where it underscored its role in the AI sector.
In other news, Bronstein, Gewirtz & Grossman LLC—a shareholder law firm, announced over the weekend that it is probing into potential wrongdoings by the listed firm’s officers and directors, following claims from certain shareholders. It did not elaborate details of the investigation.
5. TTM Technologies Inc. (NASDAQ:TTMI)
TTM Technologies jumped by 36.7 percent week-on-week, touching a new all-time high, as investors took heart from an investment firm’s 24 percent price target upgrade for its stock.
In its recent coverage, Truist Financial upgraded TTM Technologies Inc.’s (NASDAQ:TTMI) stock to $113 from $91 previously, while reaffirming its “buy” recommendation.
The upgrade followed TTM Technologies Inc.’s (NASDAQ:TTMI) announcement of its financial targets last week, saying that it aims to double its earnings per share and grow its annual sales by 15 to 20 percent over the next two years, after registering an 18 percent revenue growth in the last reported quarter of 2025.
According to Truist, its price target upgrade was based on optimism for the company’s above-modeled growth in AI, supported by margin expansion expectations due to its ramped up production in Penang, Malaysia. It also raised its 2027 EPS forecast for the company to $4.27 from $3.80 previously, saying that there is still room for further upside potential from various sources, including AI and defense.
Apart from Truist, TTM Technologies Inc. (NASDAQ:TTMI) also earned a 33 percent price target hike from Needham to $105 from $79 previously.
Needham also maintained its “buy” recommendation for its stock.
TTM Technologies, Inc. (NASDAQ:TTMI) is engaged in the production of technology products, including mission systems, radio frequency components, RF microwave/microelectronic assemblies, and technologically advanced printed circuit boards.
For the fourth quarter of 2025, the company targets to register net sales between $730 million and $770 million, as well as diluted earnings per share of $0.60 to $0.70.
4. Galaxy Digital (NASDAQ:GLXY)
Galaxy Digital saw its share prices jump by 37.57 percent week-on-week after the company moved a step forward to doubling the power capacity of its major data center in Texas.
In a statement last week, Galaxy Digital (NASDAQ:GLXY) said that it secured the approval of the Electric Reliability Council of Texas for the development of an additional 830 MW of computing demand at its Helios data center, bringing the facility’s total approved capacity to 1.6 GW.
This followed the completion of a Large Load Interconnection Study which was facilitated by Wind Energy Transmission Texas, which would serve as the transmission interconnection provider for the project.
Galaxy Digital (NASDAQ:GLXY) noted that while the Helios data center remains under construction, it is on track to deliver in early 2026 the initial committed power capacity to CoreWeave—one of its major clients.
It is also setting its sights on other areas within and beyond Texas for its expansion program.
In other news, Galaxy Digital (NASDAQ:GLXY) is scheduled to announce the results of its financial and operating highlights for the past quarter before market open on February 3, 2026, a Tuesday. A conference call will be held at 8:30 AM EST to elaborate on the results.
3. Bitdeer Technologies Group (NASDAQ:BTDR)
Bitdeer Technologies soared by 37.6 percent week-on-week following its adoption of NVIDIA GB200 NVL72 deployment in Malaysia, strengthening its mission to simplify and scale AI computing globally.
In a statement, Bitdeer Technologies Group (NASDAQ:BTDR) said that the deployment would support the most demanding AI workloads and represent a pivotal step in its broader strategy to expand its global AI infrastructure footprint, leveraging its robust power capacity and land resources to build next-generation systems for the AI-driven era.
Bitdeer Technologies Group (NASDAQ:BTDR) is underway with the expansion of its AI data center footprint with the construction of a 13 MW accelerated computing data center in Washington, a 37 MW accelerated computing data center in Tennessee, a 570 MW accelerated computing data center in Clarington, and a 175 MW facility in Tydal, Norway.
The Washington and Tennessee facilities, originally operated for cryptocurrency mining, are undergoing a full conversion to a GPU-optimized AI data center.
“The deployment of NVIDIA GB200 NVL72 infrastructure is a significant milestone in Bitdeer AI’s journey toward building a global, intelligent cloud,” said Louis Xu, Head of AI department for Bitdeer Technologies Group (NASDAQ:BTDR).
“With our expanding data center capacity, land reserves, and GPU infrastructure, we’re creating a strong foundation that supports the entire AI lifecycle, from model training to intelligent application deployment. This is how we turn ‘AI Power, Simplified’ into reality.”
2. Erasca Inc. (NASDAQ:ERAS)
Erasca soared by 42.3 percent week-on-week to hit a new three-year high, as investor sentiment was fueled by four investment companies’ bullish coverage for its stock.
Last week, the stock received “buy” and “overweight” recommendations from Clear Street, HC Wainwright, Piper Sandler, and Stifel.
Among the four, Clear Street became the most bullish, raising its price target by 267 percent to $11 from $3 previously, while maintaining a “buy” recommendation.
Meanwhile, HC Wainwright also gave a price target of $11 versus $6 previously, with a “buy” recommendation, following Erasca Inc.’s (NASDAQ:ERAS) positive preliminary results from the clinical study of its pan-RAS molecular glue degrader ERAS-0015. The topline results are scheduled to be released in the first half of 2026.
Earlier this month, Erasca Inc. (NASDAQ:ERAS) received a $10 price target from Stifel, higher than the $6 previously, with the investment firm maintaining a “buy” recommendation.
Piper Sandler, for its part, initiated coverage for the company with an “overweight” rating but gave a much lower price target of just $5.
1. ImmunityBio Inc. (NASDAQ:IBRX)
ImmunityBio skyrocketed by 137 percent week-on-week to hit a new record high after rallying for 11 consecutive days, thanks to a flurry of catalysts including a whopping surge in its sales, 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.
In a recent clinical study of its CD19 CAR-NK treatment, in combination with rituximab, ImmunityBio Inc. (NASDAQ:IBRX) said that the therapy successfully controlled disease in four patients enrolled in the program, two of which demonstrated 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. It said that the durability of complete response after ending the treatment underscores the potential for long-term immune-mediated disease control without continuous therapy.
Meanwhile, ImmunityBio Inc. (NASDAQ:IBRX) recently announced a 700 percent jump in preliminary revenues from its treatment, Anktiva, having raked in $113 million for the full-year 2025 amid strong demand.
ImmunityBio Inc. (NASDAQ:IBRX) is set to expand Anktiva in Saudi Arabia after securing the approval of its Food and Drug Administration to sell and market the drug in the country.
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