Ten stocks soared higher on Tuesday, bucking a lackluster performance in the broader market, as investors took path from a flurry of positive developments including analyst ratings and earnings, among others.

Meanwhile, the Nasdaq finished in the green, but inched up by a mere 0.01 percent. The Dow Jones and the S&P 500 both declined by 0.07 percent and 0.21 percent, respectively.

In this article, we focus on the 10 top-performing stocks on Tuesday and detail the reasons behind their gains.

To come up with the list, we focused on the companies with a $2 billion market capitalization and 5 million shares in trading volume.

10. Applied Optoelectronics Inc. (NASDAQ:AAOI)

Applied Optoelectronics climbed to a new all-time high on Tuesday, as investor sentiment was fueled by its newly-bagged $200 million supply deal, ongoing expansion plans, and a higher price target from an investment firm.

In intra-day trading, the stock soared to its highest price of $127.39 before trimming gains to finish the session just up by 8.92 percent at $120.49 apiece.

In an updated report, Applied Optoelectronics Inc. (NASDAQ:AAOI) said that it recently sealed a new deal with a long-term customer for the supply of its 1.6T data center transceivers to support its AI workloads. The shipments are expected to start in the third quarter of the year, with completion by year-end.

Meanwhile, Applied Optoelectronics Inc. (NASDAQ:AAOI) is currently underway with the expansion of its manufacturing facility in Taiwan, to be completed by its new production site in Sugar Land, Texas.

“We expect that we will soon have the largest production capacity for 800G and 1.6T transceivers in the US, and including both our US and overseas production, we continue to expect to be able to produce over 500,000 units of combined 800G and 1.6T transceivers per month by the end of this year,” Applied Optoelectronics Inc. (NASDAQ:AAOI) Chairman and CEO Thompson Lin said.

Following the news, investment firm Rosenblatt raised its price target for Applied Optoelectronics Inc. (NASDAQ:AAOI) by 12 percent to $140 from $125 previously, while reaffirming its “buy” issuance.

9. USA Rare Earth Inc. (NASDAQ:USAR)

USA Rare Earth rallied for a second day on Tuesday, jumping 9.30 percent to finish at $20.45 apiece, as investors welcomed the appointment of three new key executives, including a new chief global policy officer (CGPO) to support the company’s government and international relations.

In an updated report, USA Rare Earth Inc. (NASDAQ:USAR) appointed Gregory Bowman as new CGPO and head of external relations, and he will be tasked to lead public policy, corporate affairs, government relations, and strategic communications.

Bowman brings decades of experience across national security policy, legislation, global strategy, and complex infrastructure programs, having served as chief corporate strategy officer at Siemens Government Technologies, and 25 years in senior leadership and legal roles in the US Army.

Meanwhile, USA Rare Earth Inc. (NASDAQ:USAR) also appointed Valerie Ford Jacob as its new chief legal officer, and will be tasked to oversee all legal, regulatory, compliance, and corporate policy matters.

Prior to joining the rare earth miner, Jacob served as partner and co-head of Freshfields US LLP’s financial institutions and global capital market groups for more than 10 years, and was also chairperson and senior partner at Fried, Frank, Harris, Shriver & Jacobson LLP.

Apart from Bowman and Jacob, USA Rare Earth Inc. (NASDAQ:USAR) also named JB Lowe as its new investor relations head, and will be tasked to lead strategic engagement with the company’s global investors and analysts.

Prior to joining the company, Lowe served as head of investor relations at SolarEdge Technologies, as well as an equity research analyst at Citigroup, Bank of America Merrill Lynch, and TD Cowen, covering the oil and gas and cleantech sectors.

8. Wipro Ltd. (NYSE:WIT)

Wipro saw its share prices jump by 10.39 percent on Tuesday to close at $2.55 apiece, as investor sentiment was fueled by its sister firm’s planned foray into the semiconductor business, coupled with bargain-hunting activities after falling to a 52-week low last week.

A report by Economic Times said Tuesday that Wipro Ltd.’s (NYSE:WIT) sister company, Wipro Enterprises, is setting its sights on the semiconductor manufacturing sector through chip assembly, following suit of other Indian conglomerates as they aim to tap new sources of growth.

The group is said to be currently on search for a credible technology partner for the initiative.

The plan is aimed at tapping into the rapidly growing technology sector, thanks to the artificial intelligence industry that has boosted data centers’ demand for semiconductor products.

Chips aside, the rally can also be attributed to bargain-hunting after Wipro Ltd. (NYSE:WIT) dropped to its lowest price of $2.11 last week.

Tuesday, however, marked the company’s fourth consecutive days of in the green territory as investors continued to load portfolios to take advantage of its cheap price.

Wipro Ltd. (NYSE:WIT) is an India-based technology company engaged in providing information technology, consulting, and business process services.

7. T1 Energy Inc. (NYSE:TE)

T1 Energy rallied for a second day on Tuesday, jumping 11.45 percent to close at $7.98 apiece as investors loaded portfolios ahead of the release of its earnings performance for the fourth quarter and full-year 2025.

Based on its historical reporting dates, the company is expected to announce its financial and operating highlights on Monday, March 16.

For the period, T1 Energy Inc. (NYSE:TE) is projected to report an EBITDA of $25 million to $50 million, as the firm earlier targeted its G1_Dallas facility to hit its highest production so far and bolster a significant jump in sales, coupled with retained Section 45X tax credits.

In other news, T1 Energy Inc. (NYSE:TE) welcomed the Treasury Department’s initial foreign entity of concern provisions, which supported its eligibility to receive Section 45X tax credits.

“T1 is an American-owned and controlled company committed to investing in advanced American manufacturing, building a domestic and non-FEOC solar supply chain, and bringing solar technology and know-how back to America,” said T1 Energy Inc. (NYSE:TE) Chairman and CEO Dan Barcelo.

“The Treasury guidance aligns with our mission and validates T1’s strategy to satisfy FEOC material assistance requirements,” he added.

6. Dyne Therapeutics Inc. (NASDAQ:DYN)

Dyne Therapeutics saw its share prices jump by 11.81 percent on Tuesday to close at $19.78 apiece, after an investment firm reiterated a triple-digit upside potential for its stock.

In a market report, Jefferies reiterated its “buy” issuance for Dyne Therapeutics Inc. (NASDAQ:DYN), alongside a $50 price target. The figure represented a 153 percent upside potential from its latest closing price.

Jefferies said that the rating reflected its confidence for the accelerated approval of its therapy candidate for DM1.

On Monday, Dyne Therapeutics Inc. (NASDAQ:DYN) announced that it would officially initiate the third phase of its trial to study the efficacy of zeleciment basivarsen in patients with DM1, following the successful second phase study.

Called the Harmonia trial, the study would enroll 150 participants aged 16 and above, who will be randomized 1:1 to receive 6.8 mg/kg of z-basivarsen or placebo every eight weeks (Q8W).

The study aims to measure the improvement in five times “sit-to-stand” test after 49 weeks of therapy, versus their starting point.

“Harmonia is a larger and longer-term study utilizing a clinically meaningful functional measure as the primary endpoint. Harmonia was designed to reinforce the best-in-class potential of z-basivarsen based on the differentiated capabilities of our Force platform to deliver therapeutics to a broad range of muscle systems as well as the CNS,” Dyne Therapeutics Inc. (NASDAQ:DYN) Chief Medical Officer Doug Kerr said.

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