10 Stocks With Eye-Popping Gains—1 Surges 3,000%

Ten stocks finished the trading day on a strong note, bolstered by renewed optimism for the artificial intelligence and Bitcoin industries. One of the stocks, notably, climbed by as much as 3,000 percent.

Meanwhile, Wall Street’s main indices finished in the green, albeit eking out just marginal gains. The Dow Jones was up by 0.43 percent, the S&P 500 grew 0.27 percent, and the tech-heavy Nasdaq increased by 0.37 percent.

In this article, we highlight the names of Tuesday’s top performers and detail the reasons behind their gains.

To come up with the list, we considered the stocks with at least $2 billion in market capitalization and 5 million shares in trading volume.

Photo by Yan Krukau on Pexels

10. Teck Resources Ltd. (NYSE:TECK)

Teck Resources extended its winning streak to a third straight day on Tuesday, jumping 11.28 percent to close at $39.07 apiece after gaining shareholder support for its planned $53 billion merger with Anglo American PLC that would create the fifth largest copper producer globally.

In a statement, Teck Resources Ltd. (NYSE:TECK) said that it officially reached an agreement to merge with Anglo American and form a new company called Anglo Teck PLC.

Under the agreement, Class A and B common shareholders of Teck Resources Ltd. (NYSE:TECK) will be able to receive 1.3301 ordinary shares of Anglo American.

Upon closing of the transaction, owners of Teck Resources Ltd. (NYSE:TECK) will own 37.6 percent of Anglo Teck PLC, while the remaining 62.4 percent is owned by Anglo American shareholders.

According to the company, the proposed merger is expected to offer investors more than 70 percent exposure to copper.

It said the merger firm will also work with key stakeholders and partners at two mining sites in Collahuasi and Quebrada Blanca in Chile that would generate some $26.6 billion in EBITDA from 2030 to 2049, or equivalent to $1.4 billion annually.

9. TeraWulf Inc. (NASDAQ:WULF)

TeraWulf rallied for a third consecutive day on Tuesday to nearly touch its 52-week high, as investor optimism for a fellow high-performance computing (HPC) company spilled over to its stock.

On Tuesday, TeraWulf Inc. (NASDAQ:WULF) jumped by as high as 12 percent to $10.32—just 3.6 percent shy of its highest 52-week price of $10.71—before ending the day just up by 11.96 percent at $10.30 apiece.

TeraWulf Inc. (NASDAQ:WULF) rallied alongside its counterparts, namely Riot Platforms, Hut 8, IREN Ltd., and Cipher Mining, mirroring Nebius Group, which announced on the same day an $18 billion cloud computing deal with Microsoft Corp.

TeraWulf Inc. (NASDAQ:WULF), a Bitcoin mining company that also engages in HPC, recently expanded a partnership with Google and Fluidstack for the supply of 360 MW of IT capacity to the latter.

In connection with the agreement, technology giant Google announced intentions to invest $3.2 billion in Terawulf Inc. (NASDAQ:WULF) to support the project, in exchange for warrants to acquire 32.5 million WULF common shares, or a 14-percent pro-forma equity.