Ten stocks capped off the trading week delivering double-digit gains, despite the broader market suffering turmoil from the ongoing tensions in the Middle East.

Technology stocks appeared to have been favored the most, as funds shied away from sectors seen as vulnerable to the war.

In this article, we spotlight the 10 of the strongest stocks of last week and detail the reasons behind their gains.

To come up with the list, we only considered the stocks with a $2 billion market capitalization.

The stocks were chosen based on the jump in their prices between March 6 and 13, 2026.

10. Fastly Inc. (NASDAQ:FSLY)

Fastly surged by 22 percent week-on-week, as investors piled funds into technology companies while shifting away from sectors seen as more vulnerable to the ongoing tensions in the Middle East.

Month-to-date, Fastly Inc. (NASDAQ:FSLY) has already jumped by as much as 28 percent, helped by a 67 percent price target upgrade from RBC Capital earlier, which raised its target to $20 from $12 previously, while reaffirming its “sector perform” rating.

Additionally, investors welcomed its recent Global Security Research Report, which found that companies integrating AI into their operations face a 135 percent higher risk of financial losses from cybersecurity threats, and take an average of seven months to recover from the incidents.

“The speed of AI adoption is reshaping security infrastructure almost overnight. For AI-first businesses, the priority isn’t to slow down innovation—it’s to modernize security at the same rate that AI is transforming their infrastructure,” Fastly Inc. (NASDAQ:FSLY) CISO Marshall Erwin said.

“That means securing AI and inference infrastructure, monitoring and throttling unwanted AI crawler activity, anticipating the rise of shadow AI, and shoring up your outer perimeter,” he noted.

The report highlighted huge opportunities for Fastly Inc. (NASDAQ:FSLY), especially as security services currently serve as its second-largest revenue-generator, next to network services.

In 2025 alone, security revenues jumped by 21 percent to $125.1 million. In the fourth quarter, security revenues surged by 32 percent to $35.4 million.

9. NIO Inc. (NYSE:NIO)

NIO saw its share prices jump by 22.6 percent week-on-week, with the rally primarily bolstered by an investment firm’s bullish rating for the stock, raising its price target by 42 percent.

In a market note, HSBC upgraded its target for NIO Inc. (NYSE:NIO) to $6.80 from $4.80 previously, as well as its rating to “buy” from “hold,” following its strong earnings performance and a highly optimistic outlook this year.

In its updated report, NIO Inc. (NYSE:NIO) said that it was able to narrow its net loss last year by 33 percent to 14.9 billion yuan from 22.4 billion in 2024, thanks to strong revenues of 87.5 billion yuan, or a 33 percent growth from 65.7 billion yuan year-on-year.

In the fourth quarter alone, the company swung to a net profit of 282.7 million yuan from a net loss of $7.1 billion yuan in the same period a year earlier. Total revenues surged by 76 percent to 34.6 billion yuan from 19.7 billion yuan year-on-year.

For this year, NIO Inc. (NYSE:NIO) is targeting to expand its revenues further by 103.4 to 109.2 percent, to a range of 24.482 billion to 25.176 billion yuan.

It also projects total vehicle deliveries of 80,000 to 83,000 units, or an implied growth of 90.1 percent to 97.2 percent from the same quarter of 2025.

8. Navitas Semiconductor Corp. (NASDAQ:NVTS)

Navitas Semiconductor saw its share prices jump by 23.17 percent on Friday to finish at $10.10 apiece, as investor sentiment was primarily boosted by the appointment of a new chief finance officer (CFO) to lead the company’s financial strategy and growth.

In a statement, Navitas Semiconductor Corp. (NASDAQ:NVTS) named Tonya Stevens as its new Finance chief, replacing Todd Glickman, who earlier announced his departure to pursue other opportunities. The transition will take effect on March 30.

Stevens will join the company from Lattice Semiconductor, where she served as Chief Accounting Officer and previously as Interim CFO.

As new CFO, she will be tasked to oversee the semiconductor firm’s financial strategy, investor relations, treasury, and the global finance organization and lead the path to profitability.

Appointments aside, investors also took heart from a market expert’s optimistic comments about Navitas Semiconductor Corp. (NASDAQ:NVTS).

In the recent episode of Mad Money, host and former hedge fund manager Jim Cramer said that the company “got really great technology” and that “should ultimately translate into great earnings.”

In other news, Navitas Semiconductor Corp. (NASDAQ:NVTS) recently launched two new 5th-generation semiconductor products said to set “a new industry benchmark” for power density and ruggedness.

Called the top-side cooled QDPAK and a low-profile TO-247-4L, the products are aimed at addressing the needs of AI data centers.

7. Sandisk Corp. (NASDAQ:SNDK)

Sandisk soared by 25.5 percent week-on-week, as investors took advantage of the week’s market bloodbath to load up on shares at lower prices.

In Friday’s session alone, Sandisk Corp. (NASDAQ:SNDK) jumped by 6.92 percent, mirroring its counterparts in the technology and storage sectors, as funds shifted from sectors most vulnerable in the ongoing tensions in the Middle East.

The rally was further boosted by Nvidia Corp.’s ramped-up investments in the industry earlier in the week, having partnered with and invested $2 billion in an AI infrastructure company.

Nvidia’s movements are widely watched by the investing community, being the key enabler to the AI boom.

Meanwhile, Sandisk Corp. (NASDAQ:SNDK) earlier this year announced a 672-percent expansion in its net income in the second quarter of fiscal year 2026, at $803 million versus only $104 million in the same period a year earlier.

Revenues, on the other hand, rose by 61 percent to $3.025 billion from $1.876 billion. Looking into the third quarter of the fiscal period, Sandisk Corp. (NASDAQ:SNDK) expects revenues to be in the range of $4.4 billion to $4.8 billion, or an implied expansion of 159 percent to 183 percent from the $1.695 billion reported in the same period a year earlier.

Gross margins are expected to be at 64.9 percent to 66.9 percent.

6. DigitalOcean Holdings Inc. (NYSE:DOCN)

DigitalOcean jumped by 26.04 percent week-on-week, as investors piled funds into technology stocks amid renewed optimism for the artificial intelligence sector, while fleeing sectors seen as more vulnerable to the ongoing US-Israeli war on Iran.

The rally was backed by Nvidia Corp.’s further investment in the AI industry, having invested $2 billion in an AI infrastructure company earlier in the week.

In other news, DigitalOcean Holdings Inc. (NYSE:DOCN) earlier this month announced the addition of Workato AI Research Lab as its new customer, after the latter shifted to its platform to advance the development of its next-generation enterprise AI agents.

As part of the collaboration, DigitalOcean Holdings Inc. (NYSE:DOCN) helped Workato design and tune a distributed interference architecture, and also configured Nvidia Dynamo to intelligently coordinate workloads across interconnected GPU clusters. This ensured requests were routed to the most efficient compute resources in real time, reducing redundant processing, lowering costs, and improving responsiveness under heavy demand.

Last month, the company reported its earnings performance for 2025, with full-year net income attributable to shareholders more than tripling to $259 million from $84 million in 2024. Revenues also increased by 15.5 percent to $901 million from $780.6 million year-on-year.

While we acknowledge the potential of DOCN to grow, our conviction lies in the belief that some AI stocks hold greater promise for delivering higher returns and have limited downside risk. If you are looking for an AI stock that is more promising than DOCN and that has 100x upside potential, check out our report about the cheapest AI stock.

Click to continue reading and see the other 5 Stocks Making Huge Moves this Week.

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