In this article, we deep dive into the 5 stocks that outperformed Wall Street on Monday. For a deeper discussion and an extended list, please see 10 Stocks Exploding in a Bleeding Market.

5. IREN Ltd. (NASDAQ:IREN)

IREN extended its winning streak to a third straight day on Monday, jumping 8.37 percent to finish at $49.48 apiece, as investors resumed buying positions ahead of the results of its earnings performance.

In a notice to investors, IREN Ltd. (NASDAQ:IREN) said that it would announce its financial and operating highlights for the third quarter of fiscal year 2026 after market close on Thursday, May 7. A conference call will be held to elaborate on the results.

The rally can be primarily attributed to the overall optimism on data center and high-performance computing (HPC) companies, bolstered by the continued AI expansion.

In other news, IREN Ltd. (NASDAQ:IREN) last Friday announced the successful energization of its 1.4 GW data center called Sweetwater 1 in Texas.

Energization marks the official connection of the facility to the Electric Reliability Council of Texas (ERCOT) grid, paving the way for the company’s target of energizing 2 GW in the Sweetwater campus.

Power delivery is expected to ramp progressively in line with the phased construction and commissioning of data centers at the site.

“Delivering Sweetwater 1 substation energization on schedule reflects our disciplined execution, the strength of our supply chain relationships and the efficiency of our vertically integrated development model. It is another example of our ability to design and construct large-scale infrastructure reliably and at speed to meet market demand,” said IREN Ltd. (NASDAQ:IREN) co-CEO Daniel Roberts.

4. Tevogen Bio Holdings Inc. (NASDAQ:TVGN)

Tevogen rallied for a third day on Monday, climbing 11.26 percent to finish at $7.41 apiece, as investor sentiment was fueled by news that it is now gearing up for the commercialization of its AI training algorithm designed to identify immunologically active peptides.

Called PredicTcell, Tevogen Bio Holdings Inc. (NASDAQ:TVGN) said in a statement last week that the training algorithm is now in the final stages of its training phase.

The model has been trained on one of the industry’s largest curated peptide datasets, with feature expansion now exceeding 180 parameters, contributing to an approximate 10 percent improvement in precision.

“As development progresses, the Company has begun evaluating potential co-development partnerships to support broader application of the platform. These efforts are grounded in addressing a fundamental challenge in drug development, high-confidence target identification, which today often requires significant wet lab validation. By leveraging advanced predictive modeling, Tevogen.AI aims to reduce development timelines, material costs, and overall experimental burden,” Tevogen Bio Holdings Inc. (NASDAQ:TVGN) said.

To support this transition, Tevogen.AI has developed an initial version of an internal application and portal designed to serve the PredicTcell model in a scalable and user-friendly environment. The system is intended to streamline internal workflows while also serving as the foundation for a potential future customer-facing platform.

3. Nebius Group NV (NASDAQ:NBIS)

Nebius Group rallied for a second day on Monday, climbing 14.20 percent to close at $176.42 apiece, as investors resumed buying positions following news that it would acquire an AI startup company to complement its AI models, while positioning portfolios ahead of the results of its earnings performance.

In a notice to investors, Nebius Group NV (NASDAQ:NBIS) said that it would announce its financial and operating highlights before market open on Wednesday, May 13. A conference call will be held to elaborate on the results.

In other news, Nebius Group NV (NASDAQ:NBIS) announced last week that it is set to acquire Eigen AI—a specialized startup focusing on Artificial Efficient Intelligence—for $643 million.

In a statement, Nebius Group NV (NASDAQ:NBIS) said that Eigen AI is expected to strengthen its Token Factory as a frontier managed inference platform for production AI, combining a battle-tested optimization stack with its global compute capacity and AI cloud platform. It will also add elite inference research talent to its in-house AI research and development capabilities.

Upon closing, Eigen AI’s inference and post-training optimization layers will be integrated directly into Nebius Token Factory, which provides enterprise-grade autoscaling endpoints and fine-tuning pipelines across all major open-source models.

“We are operating in a capacity-scarcity world where AI builders need optimized inference and infrastructure scale. The integration of Eigen AI’s optimization capabilities and founding team will establish Nebius Token Factory at the frontier of inference, offering customers market-leading model performance and unit economics with massive compute capacity to back it at scale,” said Nebius Group NV (NASDAQ:NBIS) Chief Business Officer Roman Chernin.

2. Circle Internet Group (NYSE:CRCL)

Circle Internet Group (NYSE:CRCL) saw its share prices jump by 19.89 percent on Monday to finish at $119.53 apiece, as renewed optimism was bolstered by the progress on the CLARITY Act cryptocurrency bill.

Over the weekend, lawmakers reached a compromise on the market structure bill that would allow the preservation of stablecoin reward programs under certain conditions.

On Friday, the updated legislation restricted crypto companies from paying interests or yields to passive deposits of stablecoins, leaving the function only to the traditional banks.

However, the bill would allow rewards as usage-driven incentives that could be tied to activities such as trading, transactions, or staking.

Following the news, Circle Internet Group (NYSE:CRCL) soared alongside its counterparts, namely Coinbase, BitGo, and Galaxy Digital, among others.

Earning yields in stablecoins such as USDC—which is issued by Circle Internet Group (NYSE:CRCL)—has been a key incentive for users to hold the coins, similar to interest on cash sitting in the bank.

“Across bank sub‑sectors, the CLARITY Act’s resolution of the stablecoin yield debate is a net positive,” Bank of America said in a market note on Monday.

“It should alleviate concerns tied to deposit flight, reduce regulatory uncertainty, and allow banks to engage with digital‑asset infrastructure on more controlled terms,” it noted.

1. Global Business Travel Group Inc. (NYSE:GBTG)

Global Business Travel climbed by 57.50 percent on Monday to finish at $9.34 apiece, as investors gobbled up shares following news that its software and services subsidiary is set to be acquired by Long Lake Management for a total of $6.3 billion.

In a statement, Global Business Travel Group Inc. (NYSE:GBTG) said that it entered into a definitive agreement with Long Lake for the sale of American Express GBT at a price of $9.50 apiece, or a 60.2 percent premium over the stock’s closing price on May 1, prior to the announcement.

“This transaction is a testament to the value of Amex GBT, the success of our strategy, and the strength of our incredible team. This agreement delivers a compelling outcome for our shareholders, providing them a substantial, certain cash value at an attractive premium,” said Amex GBT CEO Paul Abbott.

For his part, Long Lake CEO Alex Taubman said that the acquisition was in line with optimism that the future of business travel will be defined by AI and human agents working seamlessly together, through enabling faster booking times, proactive disruption resolution, and frictionless travel administration.

“In partnership with Long Lake, Amex GBT will continue to invest heavily in these capabilities and continue to set the gold standard for customer excellence,” he said.

Global Business Travel Group Inc. (NYSE:GBTG) said that the transaction is expected to close in the second half of the year, subject to satisfaction of customary closing conditions, including approval of the shareholders.

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