10 Stocks Soaring by Double Digits; Uranium Stocks Leading

Ten companies soared by double digits on Tuesday, mirroring the rally on Wall Street, fueled by a combination of macroeconomic developments and strong corporate earnings. Of the 10 firms, five notably climbed to fresh 52-week highs.

Meanwhile, the three major indices all finished in the green, led by Nasdaq with a 0.80 percent gain. The Dow Jones and the S&P 500 eked out 0.34 percent and 0.23 percent, respectively.

In this article, we focus on Tuesday’s 10 top performers and break down the reasons behind their gains.

To compile the list, we focused on companies with a market capitalization exceeding $2 billion and a trading volume of at least 5 million shares.

Photo by Tima Miroshnichenko on Pexels

10. Denison Mines Corp. (NYSEAMERICAN:DNN)

Denison Mines bounced back by 10.43 percent on Tuesday to close at $3.07 apiece as investors hunted for uranium stocks after the US government announced an $80 billion investment aimed at unleashing the country’s energy sector.

During the session, Denison Mines Corp. (NYSEAMERICAN:DNN) piggybacked on optimistic sentiment for the nuclear industry following the US government’s partnership with Cameco Corp., Brookfield Asset Management, and Westinghouse Electric Company to accelerate the deployment of nuclear power through the development of new reactors across the US.

The country’s nuclear development sparks good news for uranium producers, such as Denison Mines Corp. (NYSEAMERICAN:DNN), as it would spark higher demand in uranium products to power nuclear facilities.

Denison Mines Corp. (NYSEAMERICAN:DNN) rallied alongside its counterparts, namely NexGen Energy, Uranium Energy, and Energy Fuels, among others.

9. Pony AI Inc. (NASDAQ:PONY)

Pony AI rallied for a third straight day on Tuesday, jumping 11.13 percent to end at $21.87 apiece following the official filing of an initial public offering in Hong Kong, which could help the company raise as much as $1 billion in fresh funds.

In a statement, Pony AI Inc. (NASDAQ:PONY) said that it would issue more than 41.95 million shares for a global offering, comprising 4.19 million shares to be offered to Hong Kong investors, alongside 37.76 million shares for an international offering.

Depending on the demand, Pony AI Inc. (NASDAQ:PONY) could exercise a full overallotment option of up to 7.2 million additional shares.

The offer price would be set not more than HK$180 ($23.17) apiece, with the final price to be determined on November 3, 2025.

The shares will be traded under the stock code “2026” and in board lots of 100 shares.

According to the firm, proceeds from the offer will be used to carry out its Level 4 autonomous driving technology in its key addressable markets, while the balance will be allocated for research and development, and other general corporate purposes.

In line with the offer, Pony AI Inc. (NASDAQ:PONY) already secured $120 million worth of cornerstone investments from institutional investors, including $100 million from Uber Technologies Inc.