Ten stocks soared by double digits on Thursday, mirroring an overall market optimism after President Donald Trump withdrew plans to slap fresh tariffs on eight European countries by February 1. Of the 10 stocks, four climbed to record highs.
On Wall Street, all three main indices all finished in the green, led by the Nasdaq, up by 0.91 percent, followed by the Dow Jones, rising 0.63 percent, and the S&P 500, jumping 0.55 percent.
Indices aside, we spotlight the 10 top-performing stocks on Thursday and break down the reasons behind their gains.
To come up with the list, we focused exclusively on stocks with a $2 billion market capitalization and 5 million shares in trading volume.
The New York Stock Exchange building. Photo by Дмитрий Трепольский on Pexels
10. Lemonade Inc. (NYSE:LMND)
Lemonade extended gains for a second day on Thursday to hit a new four-year high as investors took heart from the upcoming launch of a new auto insurance product designed for autonomous driving vehicles, starting with Tesla.
At intra-day trading, the stock soared to its highest price of $99.88 before trimming gains to end the day just up by 13.13 percent at $96.57 apiece.
Set to be available on the market on January 26, Lemonade Inc. (NYSE:LMND) said that the new product cuts per-mile rates for FSD-engaged driving by approximately 50 percent reflecting what the data shows to be significantly reduced risk during autonomous operation.
Further reductions are expected to be implemented as Tesla releases software updates which are anticipated to make the vehicles even safer overtime.
As part of the agreement, Lemonade Inc. (NYSE:LMND) will be able to have access to vehicle data that was previously unavailable, which will then be transmitted into its usage-based risk prediction models to uniquely distinguish between autonomous and human driving, predict risks based on the software version installed, and precision of sensors, among others.
Lemonade Inc. (NYSE:LMND) supports intermittent use of FSDs, as well as households with a mix of Teslas and standard non-FSD vehicles all under one policy.
9. Corcept Therapeutics Inc. (NASDAQ:CORT)
Corcept Therapeutics extended its winning streak to a third consecutive day on Thursday, jumping 13.74 percent to close at $41.30 apiece as investors cheered clinical results from its late-stage study of drug candidate, relacorilant, in patients with platinum-resistant ovarian cancer.
In an updated report, Corcept Therapeutics Inc. (NASDAQ:CORT) said that relacorilant, when combined with nab-paclitaxel chemotherapy, showed a 35 percent reduction of death risks in patients, as compared with those treated with nab-paclitaxel alone, during the third phase of its clinical trial. The therapy was also able to cut disease progression by 30 percent.
The median overall survival for patients receiving relacorilant was 16 months, as compared with 11.9 months for those receiving nab-paclitaxel alone.
Corcept Therapeutics Inc. (NASDAQ:CORT) said that relacorilant, in combination with nab-paclitaxel, was well-tolerated, consistent with its known safety profile.
The trial enrolled a total of 381 patients with platinum-resistant ovarian cancer at sites in the United States, Europe, South Korea, Brazil, Argentina, Canada and Australia. Patients were randomized 1:1 to receive either relacorilant plus nab-paclitaxel, or nab-paclitaxel alone.
Corcept Therapeutics Inc. (NASDAQ:CORT) said that complete results from the study are set to be announced at an upcoming medical conference.
8. Corvus Pharmaceuticals Inc. (NASDAQ:CRVS)
Corvus Pharmaceuticals extended its winning streak to a 6th straight session on Thursday to hit a new all-time high, as investors cheered strong results from the clinical trial testing the efficacy of soquelitinib in patients with moderate to severe eczema.
At intra-day trading, the stock soared to its highest price of $26.22 before paring gains to end the day just up by 15.21 percent at $25.52 apiece.
In an updated report, Corvus Pharmaceuticals Inc. (NASDAQ:CRVS) said that soquelitinib successfully demonstrated a 72 percent reduction in the severity of enrolled patients’ eczema, as compared with the 40 percent for those who took the placebo.
Additionally, the drug candidate was observed to be even more effective when taken longer, and that it was well-tolerated.
Based on the positive results, Corvus Pharmaceuticals Inc. (NASDAQ:CRVS) said that it plans to initiate a Phase 2 trial in the first quarter of 2026 and enroll 200 patients with moderate-to-severe atopic dermatitis that have failed at least one prior topical or systemic therapy.
The trial is anticipated to enroll four cohorts of 50 patients each, with soquelitinib doses of: 200 mg once per day; 200 mg twice per day; and 400 mg once per day; along with a placebo group.
The Phase 2 trial is targeted to run for 12 weeks with a 30-day follow-up period without treatment.
7. Navitas Semiconductor Corp. (NASDAQ:NVTS)
Navitas snapped a two-day losing streak on Thursday, jumping 15.68 percent to close at $11.29 apiece, as investor funds poured back into US markets after President Donald Trump withdrew a plan to slap eight European countries with 10 percent tariffs.
During the session, Navitas Semiconductor Corp. (NASDAQ:NVTS) rallied alongside the broader market, with the tech-heavy Nasdaq leading the gains by 0.91 percent.
Optimism was further fueled by rosy prospects for broader semiconductor sector, after Taiwan Semiconductor Manufacturing Company (TSMC), one of the world’s largest chipmakers, announced plans to raise its capital expenditures this year to keep up with the strong demand for chips.
Navitas Semiconductor Corp. (NASDAQ:NVTS) develops ultra-efficient gallium nitride (GaN) semiconductors for electric vehicles, data centers, consumer electronics, and renewable energy, among others.
For the fourth quarter of 2025, Navitas Semiconductor Corp. (NASDAQ:NVTS) expects to rake in revenues of $7 million at the midpoint, significantly lower than the $18 million in the same period last year. The outlook reflects its strategic decision to deprioritize low power and pivot to higher power revenue and customers, streamline its distribution network, and reduce channel inventory, as well as lower profit expectations from China Mobile and consumer business.
Based on its historical reporting dates, official fourth quarter results are scheduled to be released in the third week of February 2026.
6. Plug Power Inc. (NASDAQ:PLUG)
Plug Power snapped a two-day losing streak on Thursday, jumping 16.67 percent to close at $2.59 apiece, as investors loaded portfolios ahead a special shareholders’ meeting next week.
In a notice to its investors, Plug Power Inc. (NASDAQ:PLUG) said that it would hold a special meeting at 10 AM on Thursday, January 29, to vote on two company proposals, including increasing its authorized capital stock to 3 billion from 1.5 billion at present.
Plug Power Inc. (NASDAQ:PLUG) said the capital stock increase was necessary to meet its financial obligations, maintain operating flexibility, and continue executing its business plan.
Should shareholders reject the said initiative, Plug Power Inc. (NASDAQ:PLUG) said that it would implement a reverse stock split in order to create sufficient share availability to meet its financial obligations and maintain business flexibility.
It would also seek approval of the shareholders to modernize voting standards by aligning the company’s charter with current Delaware corporate law. If approved, such an amendment would allow certain future charter amendments to be approved by a majority of votes cast, where permitted under the Delaware General Corporation Law (DGCL).
“This change ensures that outcomes are determined by the stockholders who actively participate in the voting process, rather than by shares that are not voted at all. Under the Company’s current charter, shares that are not voted effectively have the same impact as votes cast against a proposal, which can prevent proposals from passing even when a clear majority of voting stockholders support them,” it said.
5. Redwire Corp. (NYSE:RDW)
Redwire saw its share prices jump by 17.45 percent on Thursday to close at $11.98 apiece as investors resorted to bargain-hunting following a two-day drop, supported by a broader market optimism after President Donald Trump withdrew a plan to impose 10 percent tariffs on eight European countries.
Redwire Corp. (NYSE:RDW) rallied alongside its technology peers, with the tech-heavy Nasdaq leading gains by 0.91 percent, followed by the Dow Jones, up 0.63 percent, and the S&P 500, increasing 0.55 percent.
In other news, Redwire Corp. (NYSE:RDW) announced that it has officially retired the “Edge Autonomy” brand and integrate its operations into Redwire branding.
“The unification of both space and defense technology capabilities under a single Redwire brand is being rolled out concurrently with an updated business structure to provide greater visibility into our unique positioning in these two strategic offerings,” the company said.
The company will be organized in two business segments, namely space and defense technology, to be led by Mike Gold and Steve Adlich, respectively/
“This realignment optimizes our business for operational execution and aligns Redwire’s technology portfolio under a unified brand that represents innovation and excellence across multiple domains,” Redwire Corp. (NYSE:RDW) Chairman and CEO Peter Cannito said.
“Redwire has a strong growth trajectory, and this new structure will enable us to continue our momentum in key domains while providing clear visibility into our strong positioning and scale in rapidly accelerating markets,” he added.
Further details about the initiative will be announced in its fourth quarter earnings call, likely in the first week of March 2026.
4. USA Rare Earth Inc. (NASDAQ:USAR)
USA Rare Earth extended its winning streak to a fourth straight session on Thursday, jumping 17.49 percent to finish at $22.71 apiece after joining forces with Fluor Corp. and WSP Global Inc. to support and ramp up the development of the Round Top Rare Earth Project in Sierra Blanca, Texas.
In a statement, USA Rare Earth Inc. (NASDAQ:USAR) said that it tapped Fluor and WSP as its Engineering, Procurement and Construction Management (EPCM) partners to advance the Definitive Feasibility Study for the said site.
The first phase of the study is targeted to be completed using results from its solvent extraction (SX) pilot work, which is currently underway at its facility in Wheat Ridge, Colorado.
At the same time, USA Rare Earth Inc. (NASDAQ:USAR) plans to operate its demonstration plant in Wheat Ridge, Colorado for at least 2,000 continuous hours, with operations currently expected to conclude in October 2026.
In parallel, USA Rare Earth Inc. (NASDAQ:USAR) expects to carry out confirmatory and geotechnical drilling at Round Top in the first half of 2026, along with a heap leach optimization study, to support mine design and engineering.
“Fluor and WSP are key partners with the experience and expertise required to move Round Top toward commercial delivery,” said Alex Moyes, PhD, Vice President of Mining & Processing at USA Rare Earth.
“Their teams know how to deliver complex mining and processing projects, and that matters as we work to bring a secure, domestic supply of heavy rare earth elements, inclusive of yttrium, into production, along with critical technology metals such as hafnium, zirconium, and gallium. This is another step toward strengthening the US rare earth value chain at a time when reliability and resilience are increasingly important.”
3. Hycroft Mining Holding Corp. (NASDAQ:HYMC)
Hycroft soared to another record high on Thursday, as investors continued to load portfolios amid gold and silver prices’ soar to fresh record highs during the day.
At intra-day trading, the stock jumped to its highest price of $47.18 before trimming gains to end the session just up by 17.99 percent at $46.69 apiece.
This followed spot gold’s climb to the $4,900 territory, alongside silver’s jump to nearly $97 on the same day, with investors remaining bullish amid ongoing geopolitical tensions.
Gold and silver are usually treated as safe-haven assets during macroeconomic uncertainties, typically spilling over to mining stocks on expectations of higher profit margins.
In other news, Hycroft Mining Holding Corp. (NASDAQ:HYMC) announced earlier that it had found the highest grades of silver in the Vortex Silver System at its Nevada site, and that results showed continuity of resources.
The mineralized area is said to be open in all directions, suggesting that there is a strong chance that more resources can still be found with further drilling.
“With these results and many more expected to come, we are at the very beginning of a pivotal growth phase. While we don’t typically issue results on single drill holes, these recent two holes in Vortex, when viewed together, represent something extremely significant occurring,” Hycroft Mining Holding Corp. (NASDAQ:HYMC) President and CEO Diane Garrett said earlier.
2. Americas Gold and Silver Corporation (NYSEAmerican:USAS)
Americas Gold and Silver rallied to a 52-week high on Thursday as investor sentiment was buoyed by the non-stop record runs in spot prices of silver and gold, supported by its strong production results last year.
At intra-day trading, Americas Gold and Silver Corporation (NYSEAmerican:USAS) jumped to its highest price of $8.59, mirroring an industry rally, before trimming gains to end the day just up by 18.93 percent at $8.48 apiece.
This followed spot gold’s climb to the $4,900 territory, alongside silver’s jump to nearly $97 on the same day, with investors remaining bullish on the precious metals amid ongoing geopolitical tensions.
Further fueling the sentiment was a record silver production last year, having recorded 2.65 million ounces, up 52 percent from 1.74 million ounces in 2024.
Its Cosala operations in Mexico alone achieved a new annual production record of 1.19 million ounces, driven by a record quarter output of 463,000 ounces for the fourth quarter of 2025.
“We capped off a highly successful and transformative 2025 with a 52 percent increase in attributable silver production to 2.65 million ounces—achieved in a robust and rising silver price environment that significantly amplifies the revenue and cash flow benefits of our expanded output,” said Chairman and CEO Paul Andre Huet.
1. Critical Metals Corp. (NASDAQ:CRML)
Critical Metals saw its share prices jump by 20.89 percent to close at $18.46 apiece as investor sentiment was bolstered by ongoing developments surrounding Greenland amid the United States’ aggressive plan to take over the Nordic country to boost its rare earths production.
It can be recalled that the US has been setting its sights on a potential acquisition of Greenland, a country with massive resources of critical minerals, in line with Trump’s plan to boost domestic production and reduce rare earths dependence on China.
While the initiative earned the ire of European leaders, it sparked rosy prospects for Critical Metals Corp. (NASDAQ:CRML), which is currently underway with the development of the Tanbreez Rare Earth project in Greenland.
Positioned to deliver a sustainable, reliable, and long-term supply, Critical Metals Corp. (NASDAQ:CRML) said that the project is set to meet the surging demand for critical minerals essential to national security, advanced technologies, defense systems, and the green energy transition.
“What sets Tanbreez apart in the rare earths industry is its exceptional heavy rare earth elements (HREE) profile. It is projected that the HREE is approximately 27% of the total rare earths in the deposit, a significant concentration far exceeding typical industry standards,” Critical Metals Corp. (NASDAQ:CRML) said about the Tanbreez project.
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