Ten stocks boasted strong gains on Wednesday amid a lackluster wider market, thanks to a flurry of corporate developments including partnerships, product launches, and analyst upgrades, among others.
Meanwhile, Wall Street’s three major indices finished mixed, with the Nasdaq the only gainer, albeit by a mere 0.08 percent gain. The Dow Jones and the S&P 500 both fell by 0.61 percent and 0.08 percent, respectively.
In this article we focus on the 10 top-performing stocks on Wednesday 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.
The New York Stock Exchange building. Photo by Дмитрий Трепольский on Pexels
10. CoreWeave Inc. (NASDAQ:CRWV)
CoreWeave rallied for a third straight session on Wednesday, jumping 9.40 percent to close at $81.96 apiece, as investors welcomed the launch of new products designed to provide customers with flexibility.
In a statement, the company unveiled Flex Reservations and Spot, which can provide customers with cost-efficient options for interruptible work and more control over how they run AI, as well as enable them to move beyond the binary choice of reserved capacity versus on-demand capacity.
“At production scale, infrastructure planning becomes as critical as deployment. CoreWeave is setting the standard for the AI cloud by providing guaranteed capacity when it counts and flexible pricing when demand shifts,” said Chen Goldberg, CoreWeave Inc.’s (NASDAQ:CRWV) EVP for product and engineering.
“We’re bringing the original promise of the cloud—scale and efficiency—back to the AI pioneers pushing the limits of innovation,” she noted.
Apart from the flexible plans, CoreWeave Inc. also partnered with PhysicsX to offer the latter’s platform on its high-performance cloud infrastructure. This would enable customers to train their private, domain-specific Large Physics Models (LPMs) on proprietary data, and deploy them within secure enterprise environments.
PhysicsX will also train its pre-trained LPMs on CoreWeave Inc.’s platform, leveraging scaling laws to build increasingly capable models that can generalize across broader engineering domains and more complex physical systems.
9. The Mosaic Company (NYSE:MOS)
Mosaic bounced back by 10.08 percent on Wednesday to finish at $29.15 apiece, as investor sentiment was boosted by its ongoing efforts to ramp up its rare earth mining exposure with the planned development of a new mining site in Minas Gerais, Brazil.
In a statement, The Mosaic Company (NYSE:MOS) said that its subsidiary, Mosaic Fertilizantes P&K Limitada, along with its partner, Rainbow Rare Earths Ltd., has already completed an economic assessment for the mining site which indicated a potential processing of 2.7 million tons per year of phosphogypsum, 1,900 tons of separated neodymium and praseodymium oxide, and 600 tons of a samarium, europium, and gadolinium product rich in medium and heavy rare earth elements.
The two parties would conduct a pre-feasibility study, and assuming favorable results, they intend to progress to the conduct of a definitive feasibility study.
Construction of the processing facility is targeted next year, with official production by 2030.
“Brazil is emerging as a strategically important jurisdiction for rare earth development in the Americas. The Uberaba project brings together Mosaic’s Brazilian operations with Rainbow’s rare earth expertise,” The Mosaic Company President and CEO Bruce Bodine.
“Together, we will evaluate the responsible recovery of critical materials from our existing phosphate operations. This initiative aligns with our strategy to unlock additional value from our existing assets,” he noted.
8. Red Cat Holdings Inc. (NASDAQ:RCAT)
Red Cat rallied for a second day on Wednesday, surging 10.16 percent to close at $16.16 apiece, as investors loaded portfolios ahead of the results of its earnings performance for the fourth quarter and full-year period of 2025.
In a notice to its investors, Red Cat Holdings Inc. (NASDAQ:RCAT) said that it would hold an earnings conference after market close on Wednesday, March 18.
The company has earlier this year provided preliminary revenue figures for the said periods, with the fourth quarter expected to soar by 1,842 percent to a range of $24 million to $26.5 million from only $1.3 million in the same period in 2024.
In the full year alone, Red Cat Holdings Inc. is expecting to report revenues of $38 million to $41 million, or growth of 153 percent from the $15.6 million in 2024.
“This outperformance was driven by robust demand from defense and government customers, expanding program wins, and our ability to rapidly scale production to meet mission-critical requirements,” Red Cat Holdings Inc. CEO Jeff Thompson said earlier.
“As we look ahead into 2026, we see continued growth, supported by an increased pipeline, improving operating leverage, and our expanding role as a trusted provider of next-generation unmanned systems,” he noted.
7. IREN Ltd. (NASDAQ:IREN)
IREN climbed by 10.13 percent on Wednesday to finish at $41.98 apiece, as investor optimism was fueled by Nvidia Corp.’s ramped up investments in data center companies, strengthening its confidence for the artificial intelligence sector.
In an announcement on the same day, Nvidia said that it invested $2 billion in Nebius Group and inked a deal with the latter for the development and deployment of next generation of hyperscale cloud for the AI market, deepening relationship across the full AI technology stack, from AI factory architecture to production software.
Sitting at the center of the rapidly growing AI industry, investors have long been watching Nvidia’s investments as it often signals which companies could become important in the AI boom.
For IREN Ltd. (NASDAQ:IREN), on the other hand, Nvidia’s investment in the industry opens further room for business growth, as it gradually transitions to AI servicing from purely Bitcoin mining.
In other news, IREN Ltd. earlier announced targets of $3.7 billion in annualized run-rate revenues by the end of the year, to be supported by its successful expansion of Nvidia B300 GPU fleet to a total of 150,000 units, with the recent purchase of 50,000 earlier this month.
The additional GPUs are targeted to be deployed in phases across its existing data centers in Mackenzie, British Columbia, and Childress, Texas through the second half of the year.
6. Hims & Hers Health Inc. (NYSE:HIMS)
Hims & Hers extended its winning streak to a third consecutive day on Wednesday, jumping 10.27 percent to close at $25.88 apiece, as investors resumed buying positions after a series of analyst upgrades, thanks to its renewed partnership with Novo Nordisk.
In separate market reports, Deutsche Bank, Citigroup, and Bank of America (BofA) all upgraded their price targets for the stock to $28, $24, and $23, from $25, $13.25, and $12.50, respectively.
Deutsche Bank maintained its “neutral” stance, while Citigroup and BofA upgraded their ratings to “neutral” from “sell” and “underperform,” respectively.
For its part, BofA’s upgrade followed Novo Nordisk’s withdrawal of its earlier lawsuit filed against Hims & Hers Health Inc. in relation to its sale and marketing of compounded versions of the former’s blockbuster drugs, Wegovy and Ozempic.
Earlier this week, the two firms announced the renewal of the partnership, with Hims & Hers Health Inc. agreeing to the discontinuation of sale and marketing of the compounded drugs.
The rally was supported by Nvidia Corp.’s ramped up investments in the artificial intelligence sector, with a $2 billion backing on Nebius Group, solidifying the former’s further optimism for the rapidly growing sector.
Nvidia’s investments are widely watched out by the investing community as it sits at the center of the AI wave. Its investments in companies often signal which firms could become important in the boom.
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. 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.
4. Caesars Entertainment Inc. (NASDAQ:CZR)
Caesars Entertainment jumped by 11.76 percent on Wednesday to finish at $29.07 apiece, as investors snapped up shares following developments on billionaire Tilman Fertitta’s planned acquisition of the company for $7 billion.
According to Wall Street Journal, Fertitta is exclusively in talks with Caesars Entertainment Inc. (NASDAQ:CZR) for the acquisition of its shares at a price of $34 apiece, topping magnate Carl Icahn’s $33 offer through Icahn Enterprises.
The figure marked a 30.7 percent upside from its closing price of $26.01 on Tuesday prior to the purchase price announcement, and 64 percent from the $20.77 closing price on February 25 before the acquisition buzz was first reported by the Financial Times.
Icahn also holds a significant stake in Caesars Entertainment Inc. and has been openly pushing for strategic initiatives to boost company value, including the sale of the firm.
Fertitta, on the other hand, owns the Fertitta Entertainment which holds operations of the Golden Nugget casino.
The acquisition came on the heels of widening losses, with attributable net loss last year increasing by 80.6 percent to $502 million from $278 million in 2024.
Net revenues, on the other hand, inched up by 2.7 percent to $11.5 billion from $11.2 billion year-on-year.
In the fourth quarter alone, Caesars Entertainment Inc. swung to an attributable net loss of $250 million from an $11 million net income in the same quarter a year earlier, with last year’s comparable period incurring a one-off gain of $350 million from certain asset sales.
Revenues jumped by 3.6 percent to $2.9 billion from $2.8 billion.
3. Sable Offshore Corp. (NYSE:SOC)
Sable Offshore soared by 15.06 percent on Wednesday to close at $16.58 apiece on renewed optimism for the looming restart of its full operations off the California coast.
This followed a report by Bloomberg that President Donald Trump is looking to intervene and exercise his emergency powers that would allow Sable Offshore Corp. (NYSE:SOC) to move forward with the resumption of operations of the Las Flores onshore pipeline which was ordered shut for more than a decade due to a major oil spill.
Trump’s emergency powers could override state laws currently preventing Sable Offshore Corp. from fully operating its pipeline.
The report followed a legal opinion from an office under the Department of Justice last week confirming that Trump’s emergency powers could override conflicting federal laws.
“An order issued as an exercise of congressionally delegated authority or the President’s constitutional powers has the force of federal law under the Supremacy Clause and may preempt contrary state law,” said Thomas Elliot Gaiser, assistant attorney general for the Office of Legal Counsel of the DOJ.
Sable Offshore Corp. has already restarted operations of its offshore unit—Santa Ynez—in May last year, but remained unable to sell or transport hydrocarbons through its Las Flores facility pending court approval.
2. Nebius Group NV (NASDAQ:NBIS)
Nebius extended its winning streak to a third consecutive session on Wednesday, jumping 16.14 percent to finish at $112 apiece, as investors mirrored Nvidia Corp.’s backing of the company through the acquisition of a $2 billion stake.
In a statement, Nvidia said that the total investment complements a partnership recently sealed with Nebius Group NV (NASDAQ:NBIS) for the joint development and deployment of next-generation hyperscale cloud for the AI market.
Under the agreement, the two firms would collaborate on AI factory design and support, including access to partner design material, design review process and acceptance, and regular business and technical reviews, among others.
They would also partner on creating a best-in-class inference and agentic AI stack for developers and enterprises with Nvidia’s latest software technologies, optimized models and libraries.
Nebius Group NV would deploy multiple generations of Nvidia’s infrastructure across its platform, as well as the latest GPU health monitoring to allow software recommendations.
At present, Nebius Group NV is underway with the development of an AI factory capable of powering 5 GW of capacity. Deployment is expected to start over the next four years.
1. Navitas Semiconductor Corp. (NASDAQ:NVTS)
Navitas extended its winning streak to a third straight day on Wednesday, jumping 24.88 percent to close at $10.84 apiece, following the unveiling of two new 5th generation semiconductor products which are aimed to address the needs of AI data centers.
In a statement, Navitas Semiconductor Corp. (NASDAQ:NVTS) introduced the top-side cooled QDPAK and a low-profile TO-247-4L which it said set “a new industry benchmark” for power density and ruggedness.
Navitas Semiconductor Corp. said that the QDPAK package is designed to overcome the thermal limitations of conventional PCB cooling by enabling heat dissipation directly through the top of the package to the heatsink. This optimized thermal path significantly improves heat dissipation efficiency and enables smaller system footprints.
Meanwhile, the TO-247-4-LP variant is an optimized package for power electronics systems where vertical clearance is limited, such as high-density AI power racks.
Products aside, Navitas Semiconductor Corp. on the same day named Tonya Stevens as its new chief finance officer, replacing Todd Glickman who earlier announced his departure from the company to pursue other opportunities. The transition will take effect on March 30.
Stevens joins 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.
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