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.
8. Riot Platforms, Inc. (NASDAQ:RIOT)
Riot Platforms jumped by 13.17 percent on Tuesday to close at $15.21 apiece as investors cheered fresh developments for the high-performance computing (HPC) sector, sparking buying appetite for its stock.
From its highest day price of $15.30, the company’s stock price was only 3.6-percent shy of its 52-week peak of $15.87.
On Tuesday, Riot Platforms, Inc. (NASDAQ:RIOT) rallied alongside its peers such as TeraWulf Inc., 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.
In its recent earnings report, Riot Platforms, Inc. (NASDAQ:RIOT) said that it was progressively shifting capacity towards high-value data centers in a bid to capture the growing demand for HPC.
“With a robust balance sheet, battle-hardened teams, and significant access to capital markets, we are uniquely positioned at the intersection of surging high performance computing demand and Bitcoin growth to maximize utilization of our significant power capacity, expand thoughtfully, and drive compelling long-term value for our shareholders,” said Riot Platforms, Inc. (NASDAQ:RIOT) Chief Executive Officer Jason Les.
7. Kingsoft Cloud Holdings Ltd. (NASDAQ:KC)
Kingsoft soared by 14.59 percent on Tuesday to close at $16.18 apiece as investor sentiment was boosted by a brokerage firm’s bullish rating and higher price target for the stock
In a market note, BofA Securities gave Kingsoft Cloud Holdings Ltd. (NASDAQ:KC) a “buy” recommendation with a price target of $20.40—a 58-percent boost from its previous target of $12.9.
According to BofA, the upgrade was based on Kingsoft Cloud Holdings Ltd.’s (NASDAQ:KC) higher revenue growth visibility driven by AI and demand growth from the Xiaomi ecosystem; improving business quality; and profitability due to operating leverage and stringent cost control.
BofA also raised its revenue expectations for Kingsoft Cloud Holdings Ltd. (NASDAQ:KC) by 6 to 8 percent for the full fiscal period of 2025 to 2027, representing a more bullish stance than the consensus’ 2 to 5 percent growth target.
In the second quarter of the year, the company widened its attributable net loss by 29.46 percent to 457 million yuan from 353 million yuan in the same period last year. Total revenues grew by 21.69 percent to 2.34 billion yuan from 1.89 billion yuan year-on-year.
6. Hut 8 Corp. (NASDAQ:HUT)
Hut 8 grew its share prices by 14.99 percent on Tuesday to end at $29.30 apiece as investor sentiment was bolstered by a general optimism for high-performance computing (HPC) stocks.
During the trading session, Hut 8 Corp. (NASDAQ:HUT) rallied alongside its counterparts, namely TeraWulf Inc., Riot Platforms, IREN Ltd., and Cipher Mining, after Nebius Group announced on the same day that it bagged an $18 billion cloud computing deal with Microsoft Corp.
The announcement allayed fears for the overall artificial intelligence industry, which was recently plagued by concerns of a bubble.
Meanwhile, Hut 8 Corp. (NASDAQ:HUT) is ramping up its expansion plans in the digital infrastructure sector with the planned construction of four new sites across the US.
Upon full commercial operations, the sites are expected to bring Hut 8 Corp.’s (NASDAQ:HUT) total power capacity to more than 2.5 gigawatts across 19 sites.
5. IREN Ltd. (NASDAQ:IREN)
IREN Ltd. rallied for a third consecutive day on Tuesday to reach a new all-time high, with the jump attributed to renewed investor optimism for the overall artificial intelligence industry.
During the trading session, IREN Ltd. (NASDAQ:IREN) jumped to as high as $30.5 before trimming gains to end the day up by 15.27 percent at $30.19 apiece.
The company rose alongside its counterparts, namely TeraWulf Inc., Riot Platforms, Hut 8 Corp., and Cipher Mining, after Nebius Group—previously focused on Bitcoin mining—announced on the same day that it bagged an $18 billion cloud computing deal with Microsoft Corp.
The announcement alleviated fears of an AI bubble, with more technology giants ramping up investments in the sector.
Separately, IREN Ltd. (NASDAQ:IREN) announced earlier this week that revenues from its AI cloud business grew by 4.34 percent to $2.4 million last month from $2.3 million in July.
However, Bitcoin mining remained IREN Ltd.’s (NASDAQ:IREN) largest revenue contributor, with the segment generating $76.7 million in revenues from 668 Bitcoins mined last month. However, the figure was 8 percent lower than the $83.6 million revenue in July from the 728 Bitcoins mined during the period.
4. Cipher Mining Inc. (NASDAQ:CIFR)
Cipher Mining rallied to a new record high on Tuesday, mirroring its counterparts and tracking an overall optimism for the high-performance computing (HPC) sector.
During the session, Cipher Mining Inc. (NASDAQ:CIFR) surged to its highest 52-week price of $9.36 before paring gains to end the day just up by 19.43 percent at $9.22 apiece.
This followed Nebius Group’s announcement that it bagged a new $18 billion cloud computing deal with Microsoft Corp., sparking investor optimism that spilled over to its stock.
Cipher Mining Inc. (NASDAQ:CIFR) also jumped alongside its counterparts, namely IREN Ltd., TeraWulf Inc., Riot Platforms, and Hut 8 Corp., following the news.
Cipher Mining Inc. (NASDAQ:CIFR) is focused on the development and operation of industrial-scale data centers for bitcoin mining and HPC hosting. At present, the company is underway with the expansion of its Black Pearl sites to support the growing demand in HPC from both AI and hydro-Bitcoin mining.
“In the long run, we expect this site to be fully leased by HPC tenants. By taking this approach to building infrastructure today, we will be prepared to sign tenants when they are ready, while also preserving our flexibility to use the space for bitcoin mining in the near term, if preferred. In short, Black Pearl Phase II infrastructure will enable us to monetize access to power quickly, whether via HPC tenants or bitcoin mining,” said CEO Tyler Page.
3. Nebius Group N.V. (NASDAQ:NBIS)
Nebius Group soared to a new all-time high on Tuesday as investors cheered a new $18 billion cloud computing deal with Microsoft Corp.
During the session, Nebius Group N.V. (NASDAQ:NBIS) surged by as much as 54 percent to its highest 52-week price of $98.68, before trimming gains to end the day just up by 49.42 percent at $95.72 apiece.
In a statement on Monday, Nebius Group N.V. (NASDAQ:NBIS) said it bagged a multi-year agreement with Microsoft Corp. to deliver AI infrastructure to the latter from its new data center in Vineland, New Jersey.
The company said it expects to finance the capital expenditure associated with the contract through a combination of cash flow coming from the deal, coupled with the issuance of debt.
It said it was also evaluating a number of additional financing options to enable significantly faster growth than originally planned and will update the market on its financing strategy in due course.
“Nebius’s core AI cloud business, serving customers from AI startups to enterprises, is performing exceptionally well. We have also said that, in addition to our core business, we expect to secure significant long-term committed contracts with leading AI labs and big tech companies,” said Nebius Group N.V. (NASDAQ:NBIS) CEO Arkady Volozh.
“I’m happy to announce the first of these contracts, and I believe there are more to come. The economics of the deal are attractive in their own right, but, significantly, the deal will also help us to accelerate the growth of our AI cloud business even further in 2026 and beyond,” he added.
2. Kindly MD, Inc. (NASDAQ:NAKA)
Kindly MD jumped by 77.19 percent on Tuesday to end at $8.08 apiece as investor sentiment was bolstered by its subsidiary’s $30 million investment in a Japan-based Bitcoin treasury.
In a statement, Kindly MD, Inc. (NASDAQ:NAKA) said its subsidiary, Nakamoto Holdings Inc. is investing in Metaplanet Inc., Japan’s first Bitcoin treasury company. The transaction marks as its unit’s largest single investment to date and its first in an Asian public company with a Bitcoin treasury strategy.
According to Kindly MD, Inc. (NASDAQ:NAKA), the acquisition forms part of the group’s plan to acquire a large amount of Bitcoins in a short period of time while significantly expanding Bitcoin’s net asset value.
“Metaplanet has established itself as a leader in Japan’s Bitcoin landscape through its commitment to advancing financial innovation and driving the global adoption of Bitcoin,” said Kindly MD, Inc. (NASDAQ:NAKA) Chairman and CEO David Bailey.
“By positioning Bitcoin as the cornerstone of its financial approach, Metaplanet has become one of Japan’s leading public companies and a global leader in corporate Bitcoin strategies. We are proud to support their mission and believe this investment will further strengthen the global network of companies placing Bitcoin at the center of institutional finance,” he added.
1. QMMM Holdings Ltd. (NASDAQ:QMMM)
Shares of QMMM Holdings skyrocketed by as much as 2,588 percent on Tuesday to hit a new all-time high following news that it was officially making a foray into the cryptocurrency sector.
During the session, QMMM Holdings Ltd. (NASDAQ:QMMM) jumped to its highest price of $303 before trimming gains to end the day just up by 1,736.73 percent at $207 apiece.
In a statement earlier in the day, the company said it was planning to establish a new diversified cryptocurrency treasury initially targeting Bitcoin, Ethereum, and Solana (SOL).
The treasury, which is expected to reach an initial scale of $100 million, will focus on high-quality cryptocurrency assets with long-term growth potential, Web3 ecosystem infrastructure projects, and global premium equity assets aligned with QMMM’s strategic vision.
Additionally, QMMM Holdings Ltd. (NASDAQ:QMMM) aims to connect data providers and consumers through a decentralized data marketplace powered by blockchain. Leveraging AI-driven analytics, the platform will be designed to process large volumes of data to assist traders in making informed investment decisions.
“QMMM’s entry into this space reflects our commitment to technological innovation and our vision to bridge the digital economy with real-world applications,” said CEO Bun Kwai.
“Through responsible development, regulatory compliance, and strategic ecosystem partnerships, we aim to position QMMM at the forefront of the Web3 transformation. Our cryptocurrency initiatives, combined with our expertise in AI and digital platforms, are designed to create sustainable value for our stakeholders while reinforcing our role as a forward-looking technology company,” he added.
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