10 Stocks Surprise With Double-Digit Gains; 4 Hit Record Highs

Ten stocks kicked off the trading week, soaring by double digits on Monday, mirroring a broader market optimism as investors shrugged off market uncertainties while taking advantage of cheap prices from last week’s decline.

Notably, four of the companies on our list propelled to new all-time highs amid company-specific developments that boosted investing appetite.

Meanwhile, Wall Street’s main indices all finished in the green, with the Dow Jones up by 1.3 percent, the S&P 500 jumped by 1.5 percent, and the Nasdaq increased by 1.9 percent.

In this article, we highlight the companies that led the gains and break down the reasons behind their strong performance.

To compile the list, we focused on stocks with at least $2 billion in capitalization and more than 5 million shares in trading volume.

Stock market data. Photo by Photo by Alesia Kozik

10. Applied Digital Corp. (NASDAQ:APLD)

Applied Digital rebounded by 11.42 percent on Monday to close at $13.95 apiece, tracking an overall market optimism, supported by news of a billion-dollar revenue opportunity from its expanded collaboration with AI infrastructure giant CoreWeave Inc. (NASDAQ:CRWV).

Alongside its earnings release last week, Applied Digital Corp. (NASDAQ:APLD) announced that CoreWeave Inc. (NASDAQ:CRWV) exercised an option to add 150 MW of critical IT load capacity from the former, on top of the 250 MW signed earlier, effectively bringing the total capacity to 400 MW.

Applied Digital Corp. (NASDAQ:APLD) expects the expanded contract to rake in another $4 billion in revenues for a total of $11 billion.

The first 100 MW facility is scheduled to be operational in the fourth quarter of the year, to be followed by a 150 MW capacity in the middle of next year, and the third 150 MW in 2027.

Meanwhile, Applied Digital Corp. (NASDAQ:APLD) narrowed its net loss attributable to shareholders in the fourth quarter ending May 2025 by 16 percent to $53.9 million from $64.7 million in the same period last year. Total revenues increased by 41 percent to $38 million from $26.9 million year-on-year.

9. Rigetti Computing, Inc. (NASDAQ:RGTI)

Rigetti Computing saw its share prices jump by 11.61 percent on Monday to finish at $15.76 apiece after earning a bullish rating and a higher price target from an investment firm.

In its market note, Needham raised its price target for Rigetti Computing, Inc. (NASDAQ:RGTI) to $18 from $15 previously, while maintaining a “buy” recommendation for its stock on strong confidence for the overall quantum computing industry.

In particular, the investment firm was on a wait-and-see mode for government programs, namely the DARPA’s Quantum Benchmark Initiative (QBI) which aims to assess whether quantum devices would deliver more value than their cost over the next eight years; and the proposed Quantum Leadership Act of the Department of Energy which would program some $2.5 billion in capital expenditures over the next five years to boost quantum research.

Needham said both initiatives could unlock new research funding and commercial opportunities for the industry.