Ten stocks soared by high double digits on Thursday, bucking a mixed performance in the broader market, thanks to a flurry of fresh company-specific catalysts that boosted buying appetite.
Meanwhile, only the Dow Jones finished lower among all Wall Street indices, down 0.07 percent. The S&P 500 and the tech-heavy Nasdaq grew 0.11 percent and 0.22 percent, respectively.
In this article, we name the 10 big names that led the charge on Thursday and detail the reasons behind their gains.
To come up with the list, we focused exclusively on stocks with a $2 billion market capitalization and 5 million shares in trading volume.
The New York Stock Exchange building. Photo by Дмитрий Трепольский on Pexels
10. D-Wave Quantum Inc. (NYSE:QBTS)
D-Wave Quantum extended its winning streak to a third straight day on Thursday, jumping 14.55 percent to close at $28.73 apiece as investors continued to load positions following plans to ramp up contracts with the government.
In just the first four trading days of the month, the company has already seen its stock price jump by a whopping 27 percent.
The rally followed the formation of a new business unit solely focused on driving the adoption of quantum computing products and services with the US government.
According to D-Wave Quantum Inc. (NYSE:QBTS), the new subsidiary would be led by Jack Sears Jr., a seasoned government and public sector business executive.
In addition to his new leadership role, he would also join D-Wave Quantum Inc.’s (NYSE:QBTS) executive team and serve as its vice president for US government solutions.
“The call to use quantum technologies to address our nation’s interests is increasing, as the U.S. government faces complex challenges that require more powerful and agile problem-solving resources to protect our nation,” D-Wave Quantum Inc. (NYSE:QBTS) CEO Alan Baratz said.
“By formalizing a US government-focused business unit under Jack’s leadership, we aim to facilitate the rapid development of quantum applications that address national security, defense, and infrastructure challenges,” he noted.
9. BigBear.ai Holdings, Inc. (NYSE:BBAI)
BigBear AI jumped by 15.08 percent on Thursday to finish at $7.02 apiece as investors loaded portfolios to take advantage of bargains, having kicked off the early trading days of December already slashing 11.3 percent.
In other news, BigBear.ai Holdings, Inc. (NYSE:BBAI) announced on Thursday its support for the Washington Commanders’ annual charity campaign, “My Cause, My Cleats.”
The initiative allows players, coaches, and staff across the league to display custom and creatively designed cleats to elevate important non-profit organizations.
Select Washington Commanders’ cleats have been available for online public bidding, with each pair supporting a different charitable organization.
Cleats by BigBear.ai Holdings, Inc. (NYSE:BBAI), on the other hand, will support the local military charity Fort Meade Alliance Foundation.
“BigBear.ai is honored to support the Fort Meade Alliance Foundation and its mission to strengthen the well-being and resiliency of the Fort Meade community,” said BigBear.ai Holdings, Inc. (NYSE:BBAI) CEO Kevin McAleenan
“We are proud to partner with the Washington Commanders in bringing greater visibility to organizations making an extraordinary impact on service members and their families,” he added.
8. Bloom Energy Corp. (NYSE:BE)
Bloom Energy bounced back by 15.21 percent on Thursday to close at $118.09, mimicking a mostly optimistic market driven by increasing hopes for an interest rate cut.
Policymakers are set to meet for their last Federal Open Market Committee Meeting for the year on Wednesday next week, and economists are doubling down on expectations for a 25-basis-point rate cut.
In other recent news, Bloom Energy Corp. (NYSE:BE) reported a dismal earnings performance in the third quarter of the year, having widened its net loss attributable to shareholders by 56 percent to $23 million from $14.7 million year-on-year.
Revenues, on the other hand, grew by 57 percent to $519 million from $330 million in the same period last year, on the back of a 55.7 percent jump in product and service revenues during the same period.
Despite the mixed results, Bloom Energy Corporation (NYSE:BE) remained optimistic about its business outlook amid “powerful tailwinds” including the surging demand for electricity driven by AI and nation-state priorities, among others.
7. Rigetti Computing, Inc. (NASDAQ:RGTI)
Rigetti Computing extended its rally to a third straight day on Thursday, jumping 15.44 percent to close at $30.06 apiece, as overall optimism was fueled by increasing hopes for an interest rate cut.
The Federal Reserve is set to announce its decision on interest rates on Wednesday, December 10, and economists have placed bets on a 25-basis-point rate cut.
A rate cut stands to benefit capital-intensive companies, including the quantum computing industry, to fund their expansion plans.
In other news, Rigetti Computing, Inc. (NASDAQ:RGTI) early last month announced its earnings performance in the third quarter of the year, where it widened its net loss by 1,257 percent to $200.97 million from $14.8 million in the same period last year.
Revenues dropped by 18 percent to $1.9 million from $2.38 million year-on-year.
Despite the dismal results, Rigetti Computing, Inc. (NASDAQ:RGTI) said that it saw strong momentum with both demand for on-premises quantum computers and collaborations on research and development during the past quarter.
On the technology front, Rigetti Computing, Inc. (NASDAQ:RGTI) remains on track to deploy by the end of 2026 its 150+ qubit system with an anticipated 99.7 percent median two-qubit gate fidelity; as well as its 1,000+ qubit system with an expected median two-qubit gate fidelity of 99.8 percent by 2027.
6. Oklo Inc. (NYSE:OKLO)
Oklo Inc. clawed back to the $100 territory on Thursday, soaring 15.59 percent to close at $111.65 apiece, as investors took heart from an investment firm’s price target upgrade for its stock.
In its latest market report, UBS raised its price target for Oklo Inc. (NYSE:OKLO) to $95 from $65 previously, while maintaining a “neutral” stance, amid its visibility to larger initial project sizes.
Additionally, Oklo Inc. (NYSE:OKLO) rallied alongside its technology counterparts, as investor sentiment was fueled by increasing hopes for an interest rate cut.
The US central bank’s policymakers are set to meet next week for their last Federal Open Market Committee meeting, where a 25-basis-point rate cut is projected.
A rate cut stands to benefit capital-intensive companies as it would lower the borrowing rates.
In other news, Oklo Inc. (NYSE:OKLO) last month joined forces with Siemens Energy to begin engineering and design for a condensing SST-600 steam turbine, an SGen-100A industrial generator, and associated auxiliaries to support its Aurora powerhouse at Idaho National Laboratory (INL).
The power conversion system represents one of the major long-lead procurements required to commence power operations of the Aurora powerhouse.
5. Eos Energy Enterprises, Inc. (NASDAQ:EOSE)
Eos Energy rallied for a second day on Thursday, soaring 15.06 percent to finish at $15.59 apiece as investors resorted to bargain-hunting following the previous days’ decline.
Thursday’s rally was helped by an overall market optimism ahead of the Federal Reserve’s last Open Market Committee meeting for the year, where economists are placing bets on a 25-basis point rate cut.
In other developments, the deadline is approaching for the 30 percent tax credits being enjoyed by customers of clean energy companies.
Under the provisions of the One Big Beautiful Bill Act, customers would only be able to enjoy the subsidy for battery storage systems installed by December 31.
Earlier this year, analysts had expected the looming deadline to temporarily propel sales of clean energy companies, with customers expected to scramble to get their installations completed by the deadline.
In the third quarter of the year, Eos Energy Enterprises, Inc. (NASDAQ:EOSE) widened its net loss attributable to shareholders by 87 percent to $641.39 million from $342.87 million in the same period last year, primarily due to a $572.3 million cumulative non-cash impact from the changes in fair value tied to mark-to-market adjustments.
4. Fluence Energy, Inc. (NASDAQ:FLNC)
Fluence Energy soared by 17.58 percent on Thursday to finish at $23.34 apiece as investors took heart from two investment firms’ whopping price target upgrades for its stock.
In a market note, UBS raised its price target for Fluence Energy, Inc. (NASDAQ:FLNC) by 175 percent to $22 from $8 previously, while reaffirming its “neutral” stance.
According to UBS, the upgrade was based on the company’s relatively high growth rate as compared with its peers, alongside higher visibility to gross margin improvements.
Similarly, Fluence Energy, Inc. (NASDAQ:FLNC) earned a 167 percent higher price target of $20 from Citigroup, versus $7.50 previously.
The company also received bullish coverage from five other investment firms last week, namely Canaccord, Jefferies, Goldman Sachs, Susquehanna, and Morgan Stanley.
Canaccord was the most bullish among the five, raising its price target by 150 percent to $25 from $10 previously, while maintaining its “buy” recommendation.
Jefferies, on the other hand, followed with a 45 percent price target bump to $16 from $11 previously.
Goldman Sachs, for its part, raised its price target by 33 percent to $20 from $15; while Susquehanna upgraded the energy firm by 17.6 percent to $20 from $17.
Lastly, Morgan Stanley gave a 16.7 percent higher price target, at $14, versus $12 earlier.
3. AST SpaceMobile, Inc. (NASDAQ:ASTS)
AST SpaceMobile clawed back to the $70 territory on Thursday, jumping 18.25 percent to close at $72.65 apiece, as investors continued to load up portfolios ahead of the looming launch of its BlueBird 6 satellite.
BlueBird 6 is currently AST SpaceMobile, Inc.’s (NASDAQ:ASTS) most advanced satellite so far, representing a 3.5 times increase in size over BlueBirds 1 to 5, and supports 10 times the data capacity.
The BlueBird 6 would launch from the Satish Dhawan Space Center in India on December 15 and would feature the largest commercial phased array in low Earth orbit at nearly 2,400 square feet.
“Our next-generation satellites will soon enable ubiquitous cellular broadband coverage direct to everyday smartphones from space,” said AST SpaceMobile Inc. (NASDAQ:ASTS) Chairman and CEO Abel Avellan.
“As an American company, we are proud to demonstrate US leadership in space innovation while pioneering the next era of global connectivity,” he added.
In line with the launch, AST SpaceMobile Inc. (NASDAQ:ASTS) also announced the expansion of its manufacturing sites in Texas and Florida in a bid to increase the production capacity of its next-generation satellites.
2. UiPath Inc. (NYSE:PATH)
UiPath extended its winning streak to a fifth straight session on Thursday, to nearly hit its 52-week price, as investors took heart from an impressive earnings performance in the third quarter of fiscal year 2026.
At intra-day trading, UiPath Inc. (NYSE:PATH) soared to its highest price of $18.70—just 4 cents shy of its 52-week high of $18.74 recorded on October 5.
In an updated report, UiPath Inc. (NYSE:PATH) said it swung to a net income of $198.8 million from a $10.6 million net loss in the same period last year.
Revenues increased by 15.9 percent to $411 million from $354.6 million year-on-year. Annual recurring revenues (ARR) also ended at $1.782 billion.
“We delivered solid third quarter results, exceeding guidance across the board and achieving our first GAAP profitable third quarter,” said UiPath Inc. (NYSE:PATH) Chief Finance and Operating Officer Ashim Gupta.
“The progress we’ve made in strengthening our operating rhythm and execution is showing up in our results, and we feel well-positioned as we head into the end of the year.”
Looking ahead, the company is targeting revenues between $462 million and $467 million, as well as ARR of $1.844 billion to $1.849 billion.
1. USA Rare Earth, Inc. (NASDAQ:USAR)
USA Rare Earth soared for a third straight day on Thursday, adding 24.68 percent to finish at $17.48 apiece as investors took heart from a new rare earth supply agreement with Solvay and Arnold Magnetic Technologies Corporation.
In a statement, USA Rare Earth, Inc. (NASDAQ:USAR) said that the deal was inked through its subsidiary Less Common Metals (LCM), under which it would supply Solvay and Arnold with high-quality rare-earth materials for the latter’s production of advanced permanent magnets.
“This collaboration exemplifies the type of industrial partnerships that are rebuilding strength and resilience across the rare-earth ecosystem outside of China,” USA Rare Earth, Inc. (NASDAQ:USAR) CEO Barbara Humpton said.
“LCM’s role demonstrates the strategic importance of secure, reliable sourcing, and how collaboration between trusted partners can guarantee sustainable access to critical rare-earth materials for global magnet manufacturers,” she added.
USA Rare Earth, Inc. (NASDAQ:USAR) completed its acquisition of LCM in November 2025.
LCM, on the other hand, continues to serve its global customer base while providing alloy feedstock for its parent firm’s magnet manufacturing facility in Stillwater, Oklahoma, which is on track for commissioning in the first quarter of 2026.
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