10 Stocks Racking Up Big Gains

Ten stocks capped off the shortened trading week, feasting on gains as investors continued to load positions, primarily due to surging prices of precious metals, fueled by renewed optimism for an interest rate cut.

The rally was in line with the overall market sentiment, with all major and sectoral indices finishing in the green.

In this article, we focused on the names of the 10 top performers and broke down the reasons behind their gains.

To come up with the list, we considered the stocks with a market capitalization of $2 billion and at least 5 million shares in trading volume.

10. Credo Technology Group Holding Ltd. (NASDAQ:CRDO)

Credo Technology extended its winning streak for a fourth straight session on Friday, adding 8.29 percent to close at $177.60 apiece as investors positioned portfolios ahead of the results of its earnings performance next week.

According to a notification to investors, Credo Technology Group Holding Ltd. (NASDAQ:CRDO) would release its financial and operating highlights for the second quarter of fiscal year 2026 after market close tomorrow, December 1. A conference call will be held to elaborate on the results.

Credo Technology Group Holding Ltd. (NASDAQ:CRDO) provided its growth guidance for the second quarter of the year, with revenues expected between $230 million and $240 million, GAAP gross margin between 63.5 percent and 65.5 percent, and operating expenses of $96 million to $98 million.

Last week, Credo Technology Group Holding Ltd. (NASDAQ:CRDO) announced that it entered into a licensing agreement with The Siemon Company in relation to its patents covering its active electrical cable technology. Details, however, were not divulged amid non-disclosure agreements.

9. Applied Digital Corporation (NASDAQ:APLD)

Applied Digital rallied for a second day on Friday, jumping 8.66 percent to end at $27.10 apiece, after mirroring an overall market optimism over increasing hopes for an interest rate cut.

The US central bank is set to meet on December 9 and 10 for its last Federal Open Market Committee meeting this year, and economists are placing bets on a 25-basis point rate cut.

Further adding to the sentiment was JPMorgan’s revised outlook late this week, saying that it now expects the Federal Reserve to implement a 0.25 percentage-point cut on December 10 after arguing earlier that it would likely wait until January to lower the benchmark rates.

The overall optimism spilled over to all sectoral indices, having eked out gains during the session. The rally was led by the technology sector, up 30.49 percent.

In other news, Applied Digital Corporation (NASDAQ:APLD) on Monday announced the completion of the second phase of Polaris Forge 1 campus, which is capable of powering 100 MW of critical IT load.

The facility forms part of its 400 MW 15-year lease agreements with CoreWeave Inc., which is expected to generate $11 billion in revenues for Applied Digital Corporation (NASDAQ:APLD).