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).
8. Circle Internet Group (NYSE:CRCL)
Circle Internet extended gains for a second day on Friday, jumping 10.04 percent to close at $79.93 apiece, as investors resorted to bargain-hunting to take advantage of its cheap valuation.
The rally followed the stock’s significant 37 percent drop in just one month from $126.98 on October 31.
Notably, November saw Circle Internet Group’s (NYSE:CRCL) share price trade back below its initial public offering price (IPO) of $69, having hit its lowest intra-day price of $64.92 on November 20 before finishing the session at $66.93. The last time the company traded below its IPO price was on June 5, 2025—its market debut—when it hit an intra-day low of $64.
Circle Internet Group (NYSE:CRCL) is a global financial technology firm that created the USDC and EURC stablecoins.
In the third quarter of the year, the company grew its net income by 202 percent to $214.38 million from only $70.996 million in the same period last year.
Total revenues and reserve income jumped by 66 percent to $739.76 million from $445.76 million year-on-year, on the back of a 97 percent growth in USDC circulation, alongside strong revenues from subscription and services, as well as transactions.
7. Intel Corporation (NASDAQ:INTC)
Intel Corporation extended its winning streak to a fifth straight day on Friday, jumping 10.28 percent to finish at $40.56 apiece amid analyst optimism that it could supply Apple Inc.’s lowest-end M-series chips in the next two years.
According to TF International Securities analyst Ming-Chi Kuo, his latest industry surveys indicate that “visibility on Intel Corporation (NASDAQ:INTC) becoming an advanced-node supplier to Apple has recently improved significantly.”
Notably, Kuo said that Apple plans to tap Intel Corporation (NASDAQ:INTC) to ship its lowest-end M processor, which it uses for MacBook Airs and iPad Pros.
He noted, however, that Intel Corporation (NASDAQ:INTC) remains behind its rival Taiwan Semiconductor Manufacturing Company but that a deal with the technology giant would make its long-term outlook more positive.
In September this year, Intel Corporation (NASDAQ:INTC) announced that it had lured Apple Inc. to invest in the company as part of its efforts to bolster its business.
Apart from Apple, Intel Corp. (NASDAQ:INTC) in the same month secured a $5 billion investment from chip giant Nvidia Corp.
The partnership would also cover the joint development of AI infrastructures and personal computing products that accelerate applications and workloads across hyperscale, enterprise, and consumer markets.
6. ImmunityBio, Inc. (NASDAQ:IBRX)
ImmunityBio rallied for a second day on Friday, soaring 10.80 percent to end at $2.36 apiece, mimicking optimism of the broader market and loading positions ahead of expected updates from its participation in a global health conference next week.
According to ImmunityBio, Inc. (NASDAQ:IBRX), it would participate in the 37th Piper Sandler Annual Healthcare Conference in New York from December 2 to 4.
Investors are expected to closely watch out for the company’s business updates and outlook related to its clinical pipelines.
Earlier this month, ImmunityBio, Inc. (NASDAQ:IBRX) narrowed its net loss attributable to shareholders by 21.6 percent to $67.25 million from $85.73 million in the same period last year, driven by increased product revenues and lower related-party interest expense.
Revenues soared by 425 percent to $32.06 million from $6.1 million year-on-year, thanks to strong sales from its non-muscle-invasive bladder cancer (NMIBC) treatment, Anktiva.
5. Bitfarms Ltd. (NASDAQ:BITF)
Bitfarms soared by 12.26 percent on Friday to end at $3.48 apiece, mirroring an overall market optimism, as investors cheered the increasing possibility of 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, Bitfarms Ltd. (NASDAQ:BITF) announced a mixed earnings performance in the third quarter of the year, with net loss widening by 92 percent to $46 million from $24 million in the same period last year.
Revenues, however, surged by 156 percent to $69.2 million from $27.07 million year-on-year.
Bitfarms Ltd. (NASDAQ:BITF) is originally a Bitcoin-mining which is slowly transitioning to high-performance computing (HPC) and AI servicing.
Earlier this month, Bitfarms Ltd. (NASDAQ:BITF) announced plans to convert its 18-MW Bitcoin mining facility in Washington to HPC and AI workloads.
It said that it successfully bagged a $128 million agreement with an unnamed large publicly traded company, under which the latter will supply all critical IT equipment and building materials for 18 MW of gross capacity with an anticipated industry-leading PuE, between 1.2 and 1.3.
The site is targeted for completion in December 2026.
4. CleanSpark, Inc. (NASDAQ:CLSK)
CleanSpark rallied for a fourth straight day on Friday, jumping 12.27 percent to close at $15.10 apiece as investors traded in line with the overall market sentiment, fueled by renewed optimism for an interest rate cut.
The stock climbed along with the technology industry, soaring by 30.49 percent during the session.
Additionally, the rally was supported by its robust earnings performance in the full fiscal year of 2025.
During the period, CleanSpark, Inc. (NASDAQ:CLSK) swung to a net profit attributable to shareholders of $353 million from a $149.2 million net loss in 2024, supported by high operating margins and appreciation of Bitcoin holdings.
Total revenues surged by 102 percent to $766.3 million from $378.97 million year-on-year, primarily driven by increased Exahash and Bitcoin prices.
Nearly 8,000 Bitcoins were mined during the year, with end-of-period treasury holdings exceeding 13,000—generated solely from owned hashing power.
“Fiscal 2025 was the year CleanSpark achieved operating leverage. We surpassed 50 EH/s in operational hashrate, set new revenue records, and demonstrated strategic capital stewardship by choosing accretive capital market tools, such as convertible debt and bitcoin-backed revolvers instead of an ATM to finance the business during the calendar year,” said CleanSpark, Inc. (NASDAQ:CLSK) Chairman and CEO Matt Schultz.
”We are evolving into a comprehensive compute platform that is prepared to optimize value from both AI and bitcoin workloads. Our deep expertise in power procurement, infrastructure development, and efficient scaling gives us a unique advantage in meeting surging global demand for compute,” he added.
3. First Majestic Silver Corp. (NYSE:AG)
First Majestic extended its winning streak to a fifth consecutive day on Friday, soaring 12.73 percent to close at $15.23 apiece as investors took heart from the soaring spot prices of silver.
During the session, the metal surged by 5.81 percent to $56.5003, as traders positioned their portfolios ahead of an expected interest rate cut in the last Federal Open Market Committee meeting for the year.
The US central bank is set to announce its decision on benchmark rates on December 10.
A lower interest rate typically benefits precious metals as it weakens the US dollar, making gold and silver cheaper and more attractive to foreign investors.
In other news, First Majestic Silver Corp. (NYSE:AG) announced stellar earnings performance in the third quarter of the year, having swung to a net income of $43 million from a $26.6 million net loss in the same period last year.
Revenues soared by 95 percent to $285.1 million from $146.1 million year-on-year.
According to First Majestic Silver Corp. (NYSE:AG), the record revenues were primarily driven by a 45 percent increase in silver equivalent payable ounces sold, coupled with a 31 percent increase in the average realized silver price, which reached $39.03.
2. Endeavour Silver Corp. (NYSE:EXK)
Endeavour rallied for a fifth straight session on Friday, surging 15.20 percent to end at $9.93 apiece, mimicking the surge in silver prices amid renewed expectations of an interest rate cut.
The stock rallied alongside its counterparts after spot prices of silver surged by 5.81 percent on Friday at $56.5003, as traders positioned their portfolios ahead of an expected interest rate cut on December 10—the last Federal Open Market Committee meeting for the year.
Precious metals typically benefit from a lower interest rate, as it weakens the US dollar, making gold and silver much cheaper and more attractive to foreign investors.
In other recent news, Endeavour Silver Corp. (NYSE:EXK) announced plans to sell its Bolañitos silver and gold mine project for $50 million to Guanajuato Silver Company Ltd.
Under the agreement, Guanajuato would acquire all outstanding shares of Mina Bolañitos, SA de CV—which owns and operates the mine in Mexico—for $0.2709413 apiece.
Endeavour Silver Corp. (NYSE:EXK) said the initiative was in line with its plans to focus on the Terronera and Pitarrilla projects, also located in Mexico.
“By focusing our resources on our core silver assets, particularly delivering at Terronera and advancing the world-class Pitarrilla project, we are sharpening our operational focus and positioning the company for sustainable growth,” said Endeavour Silver Corp. (NYSE:EXK) Chief Executive Officer Dan Dickson.
1. TMC the metals company Inc. (NASDAQ:TMC)
TMC the metals company rallied for a fourth straight day on Friday, soaring 19.38 percent to close at $6.96 apiece as investor sentiment was boosted by copper’s surge to a new record high.
On Friday, copper prices on the London Metal Exchange jumped to a new all-time high of $11,200 before paring gains to end the day just up by 2.28 percent at $11,189 per ton amid tighter supply and a weaker US dollar.
Copper rallied alongside its counterparts, namely silver and gold, as investors poured funds back in on renewed expectations of an interest rate cut.
The Federal Reserve is set to meet on December 9 and 10—the last Federal Open Market Committee meeting for the year—to announce its decision on interest rates.
In other news, TMC the metals company Inc. (NASDAQ:TMC) announced a dismal earnings performance in the third quarter of the year. During the period, the company widened its net loss and comprehensive loss by 800 percent to $189.39 million from $20.5 million in the same period last year.
Operating loss expanded by 177 percent to $55.36 million from $19.96 million year-on-year, dragged by non-cash and non-recurring items, including share-based compensation impacted by one-time grants, fair value changes in the royalty and warrant liabilities, and the recognition of warrant costs associated with updated sponsorship agreements.
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