Ten stocks stood firmer on Wednesday, mimicking the rally on Wall Street, as investors took heart from a broader market optimism backed by renewed hopes for easing Middle East tensions.

Meanwhile, Wall Street’s major indices all finished in the green, led by Nasdaq soaring 1.16 percent, followed by the S&P 500, up 0.72 percent, and the Dow Jones, rallying 0.48 percent.

In this article, we spotlight the 10 top-performing companies on Wednesday and detail the reasons behind their gains.

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

10. Intel Corp. (NASDAQ:INTC)

Intel Corp. rallied for a second day on Wednesday, jumping 8.84 percent to finish at $48.03 apiece, as investors took heart from the $14.2 billion full takeover of its Fab 34 semiconductor facility in Ireland.

In a statement, Intel Corp. (NASDAQ:INTC) said that it would reacquire a 49 percent stake in Fab 34 from Apollo Global Management, reflecting its continued business momentum underpinned by the rapidly growing artificial intelligence industry.

It can be learned that Intel Corp. (NASDAQ:INTC) sold the said stake to Apollo in 2024 to raise more capital while preserving balance sheet strength that helped the chip manufacturer to unlock and redeploy capital to advance its strategic priorities.

“We thank Apollo for their ongoing partnership on our journey to build a world-class wafer fabrication and advanced packaging foundry anchored in trust, consistency, and execution,” Intel Corp. (NASDAQ:INTC) CFO David Zinsner said.

“Our 2024 agreement was the right structure at the right time and provided Intel with meaningful flexibility, enabling us to accelerate critical initiatives. Today, we have a stronger balance sheet, improved financial discipline and an evolved business strategy. We appreciate Apollo’s continued collaboration to reach this outcome as we realign our capital structure with our long-term strategy,” he noted.

The transaction is expected to be funded through a combination of cash on hand and debt of approximately $6.5 billion.

9. Lumentum Holdings Inc. (NASDAQ:LITE)

Lumentum Holdings rallied for a second day on Wednesday, jumping 8.81 percent to close at $764.65 apiece, as investors poured funds back into artificial intelligence stocks, supported by its planned manufacturing expansion in the US.

In a statement earlier, Lumentum Holdings Inc. (NASDAQ:LITE) said that it recently acquired a new 240,000-square-foot facility from chipmaker Qorvo, which it will redevelop for the production of its indium phosphide (InP)-based optical devices.

The facility is currently operational and was selected for its highly skilled workforce, robust infrastructure, and supportive federal and state economic development environment.

Part of the agreement includes the transfer of Qorvo’s workforce to Lumentum Holdings Inc. (NASDAQ:LITE).

Nvidia Corp. will also serve as a customer of the facility and help expand the US critical infrastructure and support research and development.

The facility is expected to ramp up production over the next two years.

“Our customers are building the infrastructure that will define the next era of computing,” said Lumentum Holdings Inc. (NASDAQ:LITE) CEO Michael Hurlston.

“Adding this new InP manufacturing facility significantly expands our capacity, deepens our strategic partnerships, and ensures we can deliver the performance, reliability, and scale required for the AI revolution,” he noted.

8. Micron Technology Inc. (NASDAQ:MU)

Micron Technology jumped by 8.94 percent on Wednesday to finish at $367.85 apiece, mirroring the broader market optimism and the surge in technology stocks.

In other news, Micron Technology Inc. (NASDAQ:MU) on the same day announced the expiration of cash tender offers for six of its senior notes series due between 2031 and 2035. The tender offer ended at 5 PM on March 31, 2026.

“As of the Expiration Time, the aggregate principal amount of each series of notes set forth in the table below has been validly tendered in the Tender Offers. Micron expects to accept for payment all notes validly tendered and not withdrawn and expects to make payment for such notes on April 3, 2026,” Micron Technology Inc. (NASDAQ:MU) said.

Meanwhile, shareholders on record as of March 30, 2026, are set to receive $0.15 in cash dividends for every share held, payable on April 15.

The dividends followed the company’s stellar earnings performance in the second quarter of fiscal year 2026, with GAAP net income surging by 772 percent to $13.78 billion from $1.58 billion in the same period a year earlier. Revenues jumped by 196 percent to $23.86 billion from $8.05 billion year-on-year.

7. Sandisk Corp. (NASDAQ:SNDK)

Sandisk extended gains for a second day on Wednesday, surging 9.03 percent to close at $692.73 apiece, as investors loaded portfolios ahead of its next earnings outcome, with revenues expected to more than double.

In a notice to investors, Sandisk Corp. (NASDAQ:SNDK) said that it would announce its financial and operating highlights for the third quarter of fiscal year 2026 after market close on Thursday, April 30. A conference call will be held to discuss the results.

For the said period, Sandisk Corp. (NASDAQ:SNDK) is expected to report $4.4 billion to $4.8 billion in revenues, or an implied growth of 159 percent to 182 percent from the $1.7 billion reported in the same quarter a year earlier.

Non-GAAP diluted net income per share is expected to be $12 to $14, or a reversal of the $0.30 loss per share a year earlier.

Gross margin, on the other hand, is projected at 64.9 percent to 66.9 percent.

Earnings aside, Sandisk Corp. (NASDAQ:SNDK) earlier this year partnered with SK hynix for the standardization of High Bandwidth Flash, a next-generation memory solution designed for the AI inference era.

According to the company, the AI industry is now seen shifting from training, which focuses on creating Large Language Models (LLMs), to inference, which delivers actual AI services to users.

Unlike training, inference runs continuously as models generate answers and predictions across millions of devices, making workloads memory bandwidth and capacity hungry and increasingly power constrained.

6. Intuitive Machines Inc. (NASDAQ:LUNR)

Intuitive Machines grew its share prices by 9.05 percent on Wednesday to finish at $20.24 apiece, as investors continued to load up on shares after an investment firm reiterated its bullish outlook and the space firm’s bagging of a contract from the National Aeronautics and Space Administration (NASA).

In a market note, Cantor Fitzgerald reiterated its “overweight” rating on Intuitive Machines Inc. (NASDAQ:LUNR) alongside a price target of $26. The figure marked a 28 percent upside potential from its latest closing price.

The coverage followed the space company’s bagging of a $180.4 million contract from NASA for the delivery of seven payloads to the lunar surface, and would support increased understanding of the chemical composition and structure of regolith, as well as the radiation environment in and around the South Pole region.

The said award marks Intuitive Machines Inc.’s (NASDAQ:LUNR) fifth Commercial Lunar Payload Services contract with NASA, which has delivered payloads to the Moon twice with their IM-1 and IM-2 missions.

“NASA continues to progress lunar science and exploration by enabling commercial lunar landings,” said Joel Kearns, deputy associate administrator for exploration, Science Mission Directorate, at NASA Headquarters in Washington

“These science and technology investigations aim to support long-term sustainability and contribute to a deeper understanding of the lunar surface, test technologies, and prepare for future human missions at the South Pole,” he added.

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