10 Stocks Beating Wall Street at its Own Game

Ten stocks stood firmer on Tuesday, mirroring a broader market optimism as investors turned their focus to Nvidia Corp.’s upcoming earnings this week, shunning President Donald Trump’s bid to remove Federal Reserve governor Lisa Cook from the board.

On Wall Street, the tech-heavy Nasdaq jumped by 0.44 percent, the S&P 500 increased by 0.41 percent, and the Dow Jones grew by 0.30 percent.

Indices aside, we list the 10 stocks that led the charge on Tuesday and break down the reasons behind their gains. One of the stocks notably nearly doubled amid a resolution to its ongoing battle with a government agency.

To come up with the list, we considered the stocks with at least $2 billion in market capitalization and at least 5 million shares in trading volume.

A trader cheers his market gains. Photo by Tima Miroshnichenko on Pexels

10. IonQ Inc. (NYSE:IONQ)

Shares of IonQ Inc. (NYSE:IONQ) grew as much as 5.8 percent on Tuesday before paring gains towards the close, mirroring a wider market optimism as investors weighed the benefits of upcoming interest rate cuts.

Last week, the Federal Reserve signaled that it would likely cut rates beginning next month—a move that could benefit growth-oriented firms through lower borrowing costs. Investors were quick to load up positions into sectors that stand to benefit from the move, including quantum computing firms, where a number of companies remain in pre-revenue stages and rely solely on debt to fund expansion plans.

In other developments, IonQ Inc. (NYSE:IONQ) announced earlier that it officially surpassed 1,000 total intellectual property assets in its portfolio, giving the company a stronger edge in its race to build quantum computers.

According to IonQ Inc. (NYSE:IONQ) Chairman and CEO Niccolo de Masi, the company’s robust and growing portfolio of patents positions itself “to continue to develop scalable, high-performance, cost-effective systems that accelerate the timeline for unparalleled commercial quantum advantage.”

9. Rigetti Computing, Inc. (NASDAQ:RGTI)

Rigetti Computing saw its share prices increase by as much as 6.08 percent on Tuesday before slight selling pulled its prices to end slightly lower at $15.30 apiece, as investors continued to price in the benefits of looming Fed rate cuts.

The quantum computing industry, which includes Rigetti Computing, Inc. (NASDAQ:RGTI), remains in pre-revenue stages and often relies on debt to finance growth and expansion plans. Following the central bank’s announcement, investors gobbled up positions in stocks expected to benefit from lower borrowing costs.

In other developments, Rigetti Computing, Inc. (NASDAQ:RGTI) recently sealed a partnership with the Montana State University to advance quantum computing research and innovation.

Under the agreement, Rigetti Computing, Inc. (NASDAQ:RGTI) and Montana State University will collaborate on various initiatives, including research projects related to quantum hardware and hybrid quantum systems, workforce development activities, and co-development and testing of enabling technologies and quantum system components.