Ten stocks kicked off the trading week soaring by double digits, thanks to a flurry of strong earnings performance and other corporate developments that continued to bolster appetite.
Meanwhile, Wall Street’s three major indices all finished in the green, with the Dow Jones and the S&P 500 climbing 0.19 percent. The Nasdaq, on the other hand, jumped by 0.10 percent.
In this article, we spotlight the 10 stocks that shone out on Monday and break down the reasons behind their gains.
To come up with the list, we considered the stocks with a $2 billion market capitalization and 5 million shares in trading volume.
Photo by Karolina Grabowska on Pexels
10. IonQ Inc. (NYSE:IONQ)
IonQ saw its share prices jump by 15.54 percent on Monday to finish at $56.89 apiece, as investors cheered progress on its foray into chip manufacturing.
In a statement late last week, pure-play semiconductor foundry SkyWater Technology announced that it officially secured the approval of its shareholders for its planned $1.8-billion merger with IonQ Inc. (NYSE:IONQ).
The transaction, which was announced in January this year, is expected to be completed in the second or third quarter of the year, subject to other regulatory approvals and closing conditions.
IonQ Inc. earlier said that the acquisition would enable the company to accelerate its quantum computing roadmap and secure its fully scalable supply chain domestically.
“With secure, US-based design, packaging and chip fabrication—IonQ will benefit from vertical integration across our increasingly interlinked quantum computing, quantum networking, quantum security, and quantum sensing applications for land, sea, air, and space,” Chairman and CEO Niccolo de Masi said.
IonQ Inc.’s combination with SkyWater is set to create the first-ever vertically integrated quantum platform company and full quantum ecosystem, combining the former’s proprietary technology and architecture, and the latter’s onshore research and development, manufacturing capabilities, and differentiated development services.
9. Circle Internet Group (NYSE:CRCL)
Circle Internet saw its share prices jump by 15.91 percent on Monday to finish at $131.76 apiece, as investors positioned portfolios ahead of expected developments on a landmark digital asset bill this week.
The Senate Banking Committee is set to cast its first vote on the CLARITY Act—a proposed federal law which aims to create clearer rules for digital assets such as stablecoins and cryptocurrencies—on Thursday, May 14, as lawmakers scramble to pass the legislation ahead of the White House’s July 4 deadline.
The passage of the bill stands to benefit Circle Internet Group’s (NYSE:CRCL) USDC stablecoins, as it would make the latter safer and more legitimate and prop up the adoption of digital assets.
In other news, Circle Internet Group announced improvements to its revenues in the first quarter of the year, with figures jumping by 20 percent to $694 million from $578 million in the same period last year.
Reserve income ended at $653 million, marking a 17 percent increase year-on-year, primarily driven by growth in average USDC in circulation, which partially offset a 66-basis point decline in the reserve return rate.
Other revenues finished at $42 million, higher by $21 million versus in the comparable period, thanks to strong revenues from subscription and services, as well as transactions.
On the other hand, net income attributable to shareholders declined by 15 percent to $55 million from $64.79 million year-on-year.
Despite lower profits, Circle Internet Group posted an upbeat outlook about its business, reaffirming its previous guidance of 40 percent compounded annual growth rate (CAGR) on USDC in circulation, as well as other revenues of $150 million to $170 million for full-year 2026.
8. Himax Technologies Inc. (NASDAQ:HIMX)
Himax Technologies extended its winning streak to a 5th consecutive day on Monday to hit a new all-time high, as investors resumed buying positions following the company’s upbeat outlook for the remainder of the year.
In intra-day trading, the stock climbed to a fresh high of $21.80 before trimming gains to finish the session just up by 16.08 percent at $20.65 apiece.
In a statement last week, Himax Technologies Inc. (NASDAQ:HIMX) said that it is seeing an upward momentum through the remainder of the year, supported by a meaningful number of new automotive projects entering mass production in the second half, alongside anticipated growth in non-driver IC business.
This despite a dismal earnings performance in the first quarter of the year, with net income attributable to shareholders declining by 60 percent to $7.99 million from the $19.99 million in the same period last year. Revenues also declined by 7.4 percent to $199 million from $215 million year-on-year.
“The rapid rise in AI demand is placing unprecedented strain on memory chip supply, impacting many non-AI applications. This, in turn, has led to capacity tightness across foundry, packaging, and testing in mature process nodes where Himax is anchored, putting upward pressure on the company’s cost structure. Rising gold prices have further compounded these cost pressures,” Himax Technologies Inc. said.
The impact of the said challenges is expected to spill over to the second quarter of the year. However, Himax Technologies Inc. assured that it is working continuously with its customers on pricing adjustments.
In other news, Himax Technologies Inc. announced the distribution of cash dividends amounting to 25.2 cents per ADS, or equivalent to 12.6 cents per ordinary share, to all shareholders on record as of June 30, 2026. The dividends are payable on July 10.
7. Lumentum Holdings Inc. (NASDAQ:LITE)
Lumentum Holdings soared to a fresh all-time high on Monday, cracking past the $1,000 territory, as investors cheered its official inclusion to the Nasdaq 100 index.
In an update on the same day, Lumentum Holdings Inc. (NASDAQ:LITE) said that it is set to join the said index effective Monday, May 18.
Companies added to indices typically see a boost in their share prices ahead of the effective date of their inclusion, as funds tracking the index are required to adjust their portfolios to mirror its composition.
Launched in January 1985, the Nasdaq-100 index features the world’s most innovative leaders in technology and advanced infrastructure.
“Lumentum’s inclusion in the Nasdaq-100 underscores the critical role our optical products play in AI-driven infrastructure. As the speed and bandwidth inside data centers increase, so does the need for optical solutions. We are just beginning to see the first use cases of co-packaged optics, optical circuit switches and 200G lasers,” Lumentum Holdings Inc. President and CEO Michael Hurlston said.
Following the news, shares of the company climbed to its highest price of $1,073.33 at intra-day trade, before trimming gains to end the session just up by 16.57 percent at $1,053.09 apiece.
6. Innodata Inc. (NASDAQ:INOD)
Innodata soared to a new all-time high on Monday following two consecutive days of remarkable gains, as investors cheered its stellar earnings performance in the first quarter of the year, with profits nearly doubling and revenues soaring by high double-digits.
At intra-day trade, shares of Innodata Inc. (NASDAQ:INOD) climbed to its highest price of $114.77 before paring gains to end the session just up by 22.37 percent at $103.83 apiece.
In an updated report, Innodata Inc. said that it incurred $14.9 million in net income attributable to shareholders and subsidiaries in the first quarter of the year, or a growth of 91 percent from the $7.79 million in the same period last year.
Revenues, on the other hand, increased by 55 percent to $90 million from $58 million year-on-year, beating consensus by 18 percent.
Encouraged by the results, the company raised its growth guidance for the full-year period, with revenues now targeted to jump by 40 percent versus only 35-percent previously.
In other news, Innodata Inc. announced a new set of deals with large technology companies, which it said could help generate $51 million in revenues this year.
“Twelve months ago, our revenue from this customer was zero; this year we expect it to become our second-largest customer, and we see considerable headroom both within the current program and across additional programs we are actively discussing,” the company noted.
5. Applied Optoelectronics Inc. (NASDAQ:AAOI)
Applied Optoelectronics snapped a three-day losing streak on Monday, climbing 24.14 percent to close at $184.90 apiece, after earning buy and hold recommendations from five investment firms.
Last Friday, Applied Optoelectronics Inc. (NASDAQ:AAOI) received buy recommendations from Rosenblatt Securities, Needham, and Raymond James, with price targets between $160 and $220.
Rosenblatt gave the highest price target of $220, marking a 57 percent upgrade from its previous target of $140. Needham assigned a new price assessment of $190, higher by 137 percent than its earlier price assessment of $90.
Raymond James, on the other hand, gave a $160 price target, an upgrade from the $72.5 prior, but was markedly lower than the stock’s latest closing price.
On the same day, B. Riley and Northland Securities issued a “hold” recommendation for the stock, alongside price targets of $129 and $57.5, respectively.
In other news, Applied Optoelectronics Inc. posted a 55.7 percent expansion in its net loss attributable to shareholders in the first quarter of the year, at $14.28 million versus $9.17 million in the same period last year.
However, revenues increased by 51 percent to $151 million from $99.8 million year-on-year.
For the second quarter, Applied Optoelectronics Inc. is targeting revenues of $180 million to $198 million, or an implied growth of 75 percent to 92 percent from the $103 million in the same period a year earlier.
4. Navitas Semiconductor Corp. (NASDAQ:NVTS)
Navitas Semiconductor soared to a fresh all-time high on Monday, as investors cheered an Indian semiconductor maker’s successful launch of a gallium nitride (GaN) power device family developed using the former’s GaN technology.
In intra-day trading, the stock climbed to its highest price of $23.82 before trimming gains to end the session just up by 24.45 percent at $22.65 apiece.
In a statement, Cyient Semiconductors announced that it developed seven new GaN power devices for the Indian market, thanks to Navitas Semiconductor Corp.’s (NASDAQ:NVTS) GaN technology.
It said that the devices are aimed at addressing the rapidly growing demand for high-efficiency, high-power-density solutions across AI data centers, telecommunications, consumer fast charging, industrial power systems, and e-mobility platforms.
The launch was in line with a strategic collaboration between Navitas Semiconductor Corp. and Cyient in December 2025, under which the latter will license the former’s GaN technology for use in India, accelerating the adoption of high‑performance GaN solutions across a broad range of markets.
In addition, Cyient will serve as a second source for select Navitas Semiconductor Corp. GaN devices already in mass production and strengthening supply chain resilience.
3. Liquidia Corp. (NASDAQ:LQDA)
Liquidia climbed to a fresh all-time high on Monday, as investors took heart from its stellar earnings performance in the first quarter of the year, thanks to strong sales from its pulmonary hypertension treatment, Yutrepia.
In intra-day trading, the stock surged to its highest price of $53.93 before trimming gains to end the session just up by 25.35 percent at $53.13 apiece.
In an updated report, Liquidia Corp. (NASDAQ:LQDA) said that it swung to a net income of $52.86 million in the first quarter of the year from a $38.4 million net loss in the same period in 2025, marking its third quarter of swing to profitability, amid a strong uptake for Yutrepia.
Total revenues soared by 4,328 percent to $132.86 million from only $3.12 million in the same comparable period. Of the total, product sales amounted to $129.9 million, while service revenues finished at $3 million.
As of April 30, 2026, Liquidia Corp. said that Yutrepia has received more than 4,500 unique patient prescriptions since its launch in June 2025, with prescription-to-start conversion remaining strong at 85 percent.
“Yutrepia continued to demonstrate sustained uptake in pulmonary arterial hypertension and pulmonary hypertension associated with interstitial lung disease (PH-ILD), consistent with its growing adoption as the preferred inhaled prostacyclin of choice. Having initiated additional Phase 4 studies of Yutrepia and our pivotal Phase 3 Re-Spire study of L606, our focus in 2026 is on making the full benefit of prostacyclin therapy available to more patients who need it, across a broader set of serious pulmonary and vascular diseases where high unmet need remains prevalent,” said Liquidia Corp. CEO Roger Jeffs.
2. POET Technologies Inc. (NASDAQ:POET)
POET Technologies rallied for a second day on Monday, climbing 27.09 percent to close at $13.90 apiece, as investors resumed buying positions ahead of the results of its earnings performance this week.
Based on its historical reporting dates, POET Technologies Inc. (NASDAQ:POET) is scheduled to release its financial and operating highlights for the first quarter of the year on Wednesday, May 13.
The rally was primarily boosted by announcements late last month that it secured a new $5 million order from an unnamed technology firm for its optical engines and light products, despite a cancellation of an order from one of its major customers over an alleged confidentiality breach.
It can be recalled that POET Technologies Inc. Chief Finance Officer Thomas Mika confirmed in an interview earlier that the company secured orders from Marvell Technology, which is expected to boost its total orders to more than $5 million for this year. Deliveries, he said, were supposed to begin in the third quarter of the year.
Marvell’s cancellation prompted an investigation by shareholder law firms to probe into potential securities violations.
“The company remains focused on executing its strategic priorities and advancing product development within the AI and optical networking markets to meet increasing demand,” POET Technologies Inc. assured.
1. Babcock & Wilcox Enterprises Inc. (NYSE:BW)
Babcock & Wilcox soared to a new seven-year high on Monday, as investors cheered the company’s strong revenues for the first quarter of the year, as well as its upbeat outlook for its business, saying that the booming demand from AI data centers has “set the course for future growth.”
In intra-day trading, Babcock & Wilcox Enterprises Inc. climbed to its highest price of $18.99 before trimming gains to finish the session just up by 30.06 percent at $18.91 apiece.
In an updated report, the company grew its revenues by 44 percent to $214.4 million from only $148.6 million in the same period last year, beating Wall Street consensus, on the back of strong interest from new AI data centers and hyperscaler customers.
However, net loss attributable to shareholders expanded by 249 percent to $76.9 million from only $22 million in the same comparable period.
Commenting on the performance, Babcock & Wilcox Enterprises Inc. Chairman and CEO Kenneth Young said that the results reflect a strong global demand for the company’s technologies, combined with the increased demand for power generation, which gives a solid foundation for continued growth.
“Our global pipeline increased by 17 percent and now exceeds $14 billion in project opportunities due to this surging demand,” he noted.
It can be recalled that Babcock & Wilcox Enterprises Inc. earlier this year bagged a $2.4-billion power generation project from Base Electron—an independent power producer backed by Applied Digital Corp.—which aims to supply electricity to the latter’s AI factory campuses. The permitting process for the project has officially kicked off.
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