Ten big names clocked in double-digit gains on Monday, mirroring a broader market rally, as investor optimism was fueled by a flurry of macroeconomic developments, including continued momentum in the nuclear sector and renewed strength in Bitcoin. Of the said stocks, four hit new record highs.
Meanwhile, the Dow Jones led the charge among Wall Street’s main indices, jumping 1.23 percent, followed by the Nasdaq, up 0.69 percent, and the S&P 500, inching up 0.64 percent.
Indices aside, this article spotlights the 10 top-performers on Monday alongside the reasons behind their gains.
To come up with the list, we focused exclusively on stocks with a market capitalization of at least $2 billion.
Photo by Tima Miroshnichenko on Pexels
10. Amkor Technology Inc. (NASDAQ:AMKR)
Amkor Technology rallied to a 25-year high on Monday, as investors took heart from Needham & Company’s more bullish stance for its stock, having upgraded its price target by 35 percent.
At intra-day trading, the stock jumped to its highest price of $48.41 before trimming a few cents to finish the day just up by 12.14 percent at $48.13 apiece. The last time it touched the said level was in the year 2000.
The jump followed Needham’s price target bump for Amkor Technology Inc.’s (NASDAQ:AMKR) stock to $50 from $37 previously, while maintaining its “buy” recommendation, saying that Amkor Technology Inc. (NASDAQ:AMKR) is set to become one of the largest Chip on Wafer on Substrate (CoWoS) leaders in next few years amid the growing demand for CoWoS.
In particular, the investment firm expects that the booming demand for chips from the AI sector, as well as an expected transition to Chip on Polymer on Substrate (CoPoS), could push Taiwan Semiconductor Manufacturing Co Ltd. to outsource its excess CoWoS demand to Amkor Technology Inc. (NASDAQ:AMKR) and ASE Technology Holding Co Ltd.
Taiwan Semiconductor is one of the largest chipmakers globally and produces semiconductors for some of the largest technology giants in Silicon Valley.
9. IREN Ltd. (NASDAQ:IREN)
IREN rallied for a second day on Monday, surging 12.97 percent to close at $48.24 apiece as investors took path from Bitcoin’s renewed strength
IREN Ltd. (NASDAQ:IREN) surged alongside its Bitcoin mining counterparts, namely Hut 8 Corp., American Bitcoin, Riot Platforms, MARA Holdings, and Strategy Inc., among others, in line with the cryptocurrency’s retest to a nearly six-week high of $95,000 level.
Meanwhile, Bitcoin prices were up as traders placed bets ahead of US jobs data for December, where economists expect 54,000 new jobs to be created. The Labor Department would release the official results on Friday, January 9.
Bitcoin aside, IREN Ltd. (NASDAQ:IREN) recently received a “neutral” rating from Goldman Sachs, saying that the former’s current valuation was “relatively full.”
Last year, IREN Ltd. (NASDAQ:IREN) bagged a number of billion-dollar agreements with technology giants, including a $9.7 billion GPU cloud services contract with Microsoft Corp., where it supplies the latter with NVIDIA GB300 GPUs over a five-year term.
It also entered into an agreement with Dell Technologies to purchase the GPUs and ancillary equipment for approximately $5.8 billion.
8. Ondas Holdings Inc. (NASDAQ:ONDS)
Ondas Holdings extended its winning streak to a fourth consecutive day on Monday to hit a new four-year high as investors loaded portfolios ahead of updates about its business, alongside its outlook for 2026.
At intra-day trading, the stock jumped to its highest price of $12.54 before trimming a cent to finish the day up by 13.70 percent at $12.53 apiece.
This followed announcements on Monday that it would host an Investor Day on January 16 to detail how Ondas Autonomous Systems (OAS) performed and evolved last year.
It said its senior management will also outline the company’s strategic priorities, operating model, and capital allocation framework as the company enters its next phase of scaled execution, as well as provide a financial update and outlook for 2026, including anticipated revenue growth, capital requirements, and investment priorities, among others.
Last week, Ondas Holdings Inc. (NASDAQ:ONDS) announced plans to change its corporate name to Ondas Inc. to reflect its evolution into a fully integrated global operating platform. The rebrand is expected to take effect within the first quarter of the year.
“While Ondas Holdings reflected an earlier phase of our development, today, we operate as a scaled, global defense and security technology platform serving both government and commercial customers, with integrated products, services, manufacturing, and operations,” said Ondas Holdings Inc. (NASDAQ:ONDS) Chairman and CEO Eric Brock.
“Renaming the Company to Ondas Inc. will better align our corporate identity with the operating platform we have built and the global, dual-use markets we serve,” he added.
In line with the transformation, Ondas Holdings Inc. (NASDAQ:ONDS) also relocated its headquarters to West Palm Beach, Florida, to support its next phase of growth, underscoring the state’s business-friendly regulatory environment.
7. Hut 8 Corp. (NASDAQ:HUT)
Hut 8 soared to a new four-year high on Monday, as investor sentiment was fueled by its subsidiary’s acquisition of more Bitcoins, placing the company among the top 20 treasury holders of the cryptocurrency.
At intra-day trading, the stock jumped to its highest price of $59.76 before paring gains to end the day just up by 13.61 percent at $58.25.
In an update during the week, its subsidiary, American Bitcoin, said that it boosted its ownership to 5,427 Bitcoins following the acquisition of 1,064 in December 2025 alone.
Hut 8 Corp. (NASDAQ:HUT) also rallied alongside its counterparts, mimicking the cryptocurrency’s renewed strength during the day, as traders placed bets ahead of US jobs data for December, where economists expect 54,000 new jobs to be created. The Labor Department would release the official results on Friday, January 9.
In other news, Hut 8 Corp. (NASDAQ:HUT) last month clinched a $7 billion 15-year data center leasing agreement with Fluidstack, with a potential for the contract value to jump to $17.7 billion upon the execution of three five-year renewals.
Hut 8 Corp. (NASDAQ:HUT) said that the capacity would come from its River Bend campus in Louisiana, with the initial data hall targeted for completion and commissioning in the second quarter of 2027.
In line with the agreement, Fluidstack would also get the right of first offer to lease up to an additional 1,000 MW of IT capacity upon the River Bend campus’s future expansion.
Hut 8 Corp. (NASDAQ:HUT) said that Google, a subsidiary of Alphabet Inc., would provide a financial backstop that would cover the lease payments and related pass-through charges.
6. American Bitcoin Corp. (NASDAQ:ABTC)
American Bitcoin grew for a second day on Monday, jumping 13.48 percent to close at $2.02 apiece, as investors took heart from its acquisition of more Bitcoins, making it one of the fastest-growing treasury holders of the said token in just four months.
In an updated report, American Bitcoin Corp. (NASDAQ:ABTC) co-founder and presidential son Eric Trump said that the company now holds 5,427 Bitcoins on its balance sheet following the acquisition of 1,064 in December 2025 alone.
In other developments, American Bitcoin Corp. (NASDAQ:ABTC) also rallied in line with higher Bitcoin prices, which surged to $94,634 during the session, trying to retest the $95,000 level.
However, the cryptocurrency lost its momentum to trade just a few bucks over the $94,000 level as of writing.
Additionally, American Bitcoin Corp. (NASDAQ:ABTC) mirrored its parent firm, Hut 8 Corp., which soared to a new four-year high on Monday, similarly buoyed by Bitcoin’s strength during the day.
In the third quarter of the year, American Bitcoin Corp (NASDAQ:ABTC) swung to a net profit of $3.47 million from a $576 million net loss in the same period last year. Revenues soared by 453 percent to $64.22 million from only $11.61 million year-on-year.
5. Oklo Inc. (NYSE:OKLO)
Oklo Inc. (NYSE:OKLO) extended its winning streak to a third straight day on Monday, surging 14.83 percent to close at $89.34 apiece as investors took heart from ongoing developments, as lawmakers officially kicked off a series of hearings for the development of the nuclear sector and the overall energy industry in the US.
During the session, Oklo Inc. (NYSE:OKLO) rallied alongside its nuclear counterparts, including NuScale Power Corp., following announcements from the House of Representatives’ Energy subcommittee that it would officially begin the review of the current status of the nuclear sector in the US.
“This hearing will offer a chance to discuss the current state of our nuclear industry, addressing the licensing and deployment of nuclear power while examining how the implementation of recent laws and policies can support the industry’s growth — growth that will be vital to meeting our energy and security needs,” the subcommittee said.
The review supports President Donald Trump’s executive order last year, which aims to aggressively expand the nuclear sector in the country to support the projected demand growth from the artificial intelligence industry and support the country’s manufacturing sector.
For its part, Oklo Inc. (NYSE:OKLO) has clinched multiple contracts with the Department of Energy in support of the latter’s Fuel Line Pilot and Reactor Pilot programs, which aim to establish a domestic nuclear fuel supply chain for testing new reactors.
4. NuScale Power Corporation (NYSE:SMR)
NuScale rallied for a second day on Monday, as investors drew optimism from the House of Representatives’ start of review of the nuclear industry in the US.
In a statement, the House of Representatives’ Energy subcommittee said that it would begin with its hearing, which would “offer a chance to discuss the current state of [the] nuclear industry” in the US.
The review was aimed at addressing the licensing and deployment of nuclear power while examining how the implementation of recent laws and policies can support the industry’s growth, vital to meeting energy and security needs.
Optimism spilled over to nuclear stocks such as NuScale Power Corporation (NYSE:SMR) and Oklo Inc., among others.
The review aligns with President Donald Trump’s agenda to bolster the nuclear sector in the US, as the country braces for surging power demand driven by the rapid expansion of the artificial intelligence sector, alongside a renewed push to grow the domestic manufacturing industry.
In other news, NuScale Power Corporation (NYSE:SMR) announced that two members of its board of directors, Alan Boeckmann and Kent Kresa, acquired additional shares in the company last December 31.
Boeckmann, for its part, raised his stake by $36,941 with the acquisition of 2,607 new shares, while Kresa acquired $52,457 worth of new shares covering 3,702 units. Both transactions were priced at $14.17 apiece.
The transaction brought Kresa’s indirect ownership through a trust to a total of 86,280 units, as well as Boeckmann’s direct ownership to 76,667.
3. Hycroft Mining Holding Corporation (NASDAQ:HYMC)
Hycroft extended its winning streak to a fourth consecutive day on Monday, jumping 15.37 percent to close at $28.15 apiece on strong investor optimism, supported by a Canadian billionaire’s raising of his stake in the company, as well as its stellar drilling exploration results at its Vortex System.
In a regulatory filing last week, Hycroft Mining Holding Corporation (NASDAQ:HYMC) said that Canadian business Eric Sprott, who is already a significant stakeholder of the company, acquired $16.5 million worth of stake covering 700,000 additional shares in separate transactions between December 24 and 29.
In recent news, Hycroft Mining Holding Corporation (NASDAQ:HYMC) announced that it had found the highest grades of silver at its Vortex Silver System in Nevada, and that results show continuity of resources.
Additionally, the mineralized area is still open in all directions, suggesting that there is a strong chance that more resources can still be found with further drilling.
“With these results and many more expected to come, we are at the very beginning of a pivotal growth phase. While we don’t typically issue results on single drill holes, these recent two holes in Vortex, when viewed together, represent something extremely significant occurring,” said Hycroft Mining Holding Corp. (NASDAQ:HYMC) President and CEO Diane Garrett.
2. QXO, Inc. (NYSE:QXO)
QXO soared by 18.15 percent on Monday to close at $23.30 apiece after raising $1.2 billion in fresh funds from Apollo Global Management, Inc., in line with plans to acquire one or two more companies over the next six months.
In a statement, QXO, Inc. (NYSE:QXO) said that Apollo Global acquired $1.2 billion worth of convertible perpetual preferred shares in the company, proceeds of which would help finance one or more qualifying acquisitions through July 15.
QXO, Inc. (NYSE:QXO) said that the commitment can be extended by an additional 12 months if a definitive acquisition agreement is executed before the initial commitment period expires.
Additionally, QXO, Inc. (NYSE:QXO) would pay Apollo a dividend rate of 4.75 percent per annum, while the shares can be converted into common shares at an initial conversion price of $23.25 apiece.
In other news, QXO, Inc. (NYSE:QXO) Chairman and CEO Brad Jacobs officially stepped down last week from his chairmanship roles at XPO, Inc. and GXO Logistics, Inc. in line with his plan to dedicate his focus to QXO, Inc. (NYSE:QXO), in support of the latter’s target of becoming a $50 billion revenue company.
“By transitioning out of my board positions at XPO and GXO, I can dedicate even more energy to QXO and Jacobs Private Equity. We intend to grow QXO into a $50 billion revenue leader in building products distribution through accretive acquisitions and organic growth,” Jacobs said.
“XPO and GXO are in excellent shape, and their prospects are very bright.”
1. Figure Technology Solutions, Inc. (NASDAQ:FIGR)
Figure Technology rallied to a new all-time high on Monday as investor sentiment was fueled by expectations of more rate cuts in the next Federal Reserve meeting.
At intra-day trading, Figure Technology Solutions, Inc. (NASDAQ:FIGR) soared to its highest price of $53.53 before trimming a few cents to finish the day just up by 21.67 percent at $53.22 apiece.
Economists are expecting the US central bank to implement two more rate cuts in the next Federal Open Market Committee meetings, despite Minneapolis Fed President Neel Kashkari’s belief that the Fed should stop lowering interest rates.
Kashkari, who will rotate as a voting member of the FOMC this year, said that “we’re pretty close to neutral right now.”
“We just need to get more data to see which is the bigger force. Is it inflation or is it the labor market? And then we can move from a neutral stance, whatever direction is necessary,” he noted.
The Fed is set to announce its decision on benchmark rates on January 29, where businesses and investors will closely monitor whether policymakers will continue the three consecutive rate cuts delivered last year.
Any rate cut is set to benefit Figure Technology Solutions, Inc. (NASDAQ:FIGR), its lending counterparts, as well as the highly rate-sensitive residential market, as lower borrowing rates could spark more demand for mortgages, refinancing, and home equity loans.
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