Ten stocks kicked off the trading week with double-digit gains, four of which soared to new all-time highs, as investor sentiment was bolstered by a flurry of dealmaking activities.
The firms were dominated by companies benefitting largely from the booming artificial intelligence sector, as technology giants continued to pour billions into advancing the sector, spilling over to their stocks.
Meanwhile, Wall Street finished mixed, with the Nasdaq and the S&P 500 the only gainers, up by 0.71 percent and 0.36 percent, respectively. The Dow Jones ended down by 0.14 percent.
This article highlights the 10 big names that performed well in Monday’s trading session, alongside the reasons behind their gains.
To come up with the list, we focused exclusively on mid-cap stocks with more than $2 billion in market capitalization and 5 million shares in trading volume.
A man in black suit holding a tablet looks at stock market data on a monitor. Photo by Tima Miroshnichenko on Pexels
10. Bitmine Immersion Technologies Inc. (NYSEAmerican:BMNR)
Shares of Bitmine Immersion rallied for a fourth straight day on Monday, jumping 11.38 percent to close at $63.10 apiece following news that it has raised its ownership in Ethereum tokens to a total of $13.4 billion.
In a statement, Bitmine Immersion Technologies Inc. (NYSEAmerican:BMNR) said it now holds more than 2.8 million units of Ethereum carrying an average price of $4,535, as compared with the token’s price of $4,697 as of writing, marking unrealized gains of over $458 million.
Bitmine Immersion Technologies Inc. (NYSEAmerican:BMNR) remains the token’s largest treasury holder to date.
“We continue to believe Ethereum is one of the biggest macro trades over the next 10-15 years. Wall Street and AI moving onto the blockchain should lead to a greater transformation of today’s financial system. And the majority of this is taking place on Ethereum,” said Bitmine Immersion Technologies Inc. (NYSEAmerican:BMNR) Chairman Thomas Lee.
Apart from Ethereum, it also owns 192 Bitcoins, as well as indirect ownership in WorldCoins through a recent $113 million investment in Eightco Holdings Inc. (NASDAQ:ORBS).
9. UiPath Inc. (NYSE:PATH)
UiPath extended its rally to a second day on Monday, jumping 12.56 percent to close at $14.52 apiece, mimicking the surge in artificial intelligence stocks on growing investor optimism and a flurry of developments in the industry.
Monday also saw its share price at a 10-month high, just 71 cents shy of its 52-week price of $15.93.
Investor optimism was further supported by UiPath Inc.’s (NYSE:PATH) announcement last week that it partnered with technology giant Nvidia Corp. to support enterprise customers in fortifying their existing automated workflows with AI capabilities in high-trust scenarios, such as fraud detection or care management in healthcare.
A key aspect in the partnership was the introduction of an integration service connector that would connect UiPath Inc. (NYSE:PATH) and Nvidia’s NIM and Nemotron, enabling enterprises to seamlessly and rapidly integrate generative AI features into their applications.
Additionally, UiPath Inc. (NYSE:PATH) said it was exploring opportunities across agentic automation in areas including advancing agentic orchestration and developing differentiated agents, among others.
“Sensitive processes like fraud detection or healthcare workflows demand AI that is both powerful and trustworthy. By integrating NVIDIA NIM models directly into the UiPath Platform, customers can deploy and orchestrate their own hosted models with enterprise-grade governance. That means they can bring AI into their most critical processes with the control, transparency, and confidence they need to deliver real business impact,” said UiPath Inc. (NYSE:PATH) Chief Product Officer Graham Sheldon.
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