10 Stocks With Powerful Gains

Ten stocks stood firmer on Tuesday, as investors took heart from strong optimism for their industries, a flurry of company-specific developments, and repositioning ahead of business updates.

The stocks bucked a broader market decline, with the Nasdaq leading the drop, down by 0.84 percent, followed by the S&P 500 declining 0.67 percent, and the Dow Jones, down 0.65 percent.

In this article, we identify the 10 top-performing companies on Tuesday 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.

10. KE Holdings Inc. (NYSE:BEKE)

KE Holdings grew its share prices by 5.17 percent on Tuesday to close at $18.72 as investors took heart from its strong earnings performance in the first quarter of the year, with profits soaring by double digits despite lower revenues.

In an updated report, KE Holdings Inc. (NYSE:BEKE) said that it grew its net income attributable to shareholders by 46.6 percent to 1.255 billion yuan from only 856 million yuan in the same quarter last year, despite net revenues declining by 19 percent to 18.9 billion yuan from 23.3 billion yuan year-on-year.

The lower revenues were primarily attributable to the high base of net revenues from new home and existing home transaction services.

Gross transaction value (GTV) also decreased by 15.6 percent year-on-year to 711.7 billion yuan, amid lower GTVs from existing and new home transactions.

“Our performance in this quarter reflected our ongoing efforts to enhance resource allocation, organizational efficiency, and service quality, and also laid a foundation for the company to further transition from scale-driven growth to efficiency-driven growth, and from transaction matching to decision-making services,” KE Holdings Inc. Chairman and CEO Stanley Yongdong Peng said.

“Looking ahead, we will continue to focus on helping consumers make higher-quality residential decisions, enhance the professional capabilities of service providers, organizational efficiency and AI-enabled capabilities, and strive to achieve higher-quality and more sustainable development,” he noted.

KE Holdings Inc. is a China-based integrated online and offline platform for housing transactions and services, which owns Lianjia, a leading real estate brokerage brand, and Beike, its housing transactions and services platform.

9. Option Care Health Inc. (NASDAQ:OPCH)

Shares of Option Care rallied for a second day on Tuesday, jumping 5.94 percent to close at $20.86 apiece, as investors turned optimistic for the broader healthcare sector after the Centers for Medicare & Medicaid Services (CMS) announced updates to the Affordable Care Act (ACA), which could pave the way for expanded access to healthcare.

Option Care Health Inc. (NASDAQ:OPCH) mimicked its counterparts after the CMS on Friday said that it would lower the user fees for federally-facilitated exchanges to 1.9 percent from 2.5 percent, as well as state-based exchanges to 1.5 percent from 2 percent, beginning next year.

The move is expected to result in lower fees for the insured and increase enrollments, thus indirectly benefiting healthcare services providers, including Option Care Health Inc..

The agency also implemented stricter rules to ensure that only qualified individuals get government health insurance subsidies.

In other news, Option Care Health Inc. reported a 3 percent decline in its net income in the first quarter of the year to $45.3 million from $46.7 million in the same period last year. Net revenues inched up by 1.3 percent to $1.35 billion from $1.3 billion year-on-year.

8. Himax Technologies Inc. (NASDAQ:HIMX)

Himax snapped a two-day losing streak on Tuesday, jumping 6.57 percent to finish at $19.29 apiece, with the rally primarily driven by the overall optimism for semiconductor players despite the absence of fresh company developments.

Optimism was further supported by Baird’s highly optimistic outlook for Himax Technologies Inc. (NASDAQ:HIMX) earlier this month, having tripled its price target to $30 from $10 previously, while reaffirming a buy recommendation.

The price target marked a 55 percent upside potential versus its latest closing price.

For its part, Himax Technologies Inc. also posted an upbeat outlook for its business for the remainder of the year amid a meaningful number of new automotive projects entering mass production in the second half, helped by an 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.

In other news, Himax Technologies Inc. is set to distribute 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. AXT Inc. (NASDAQ:AXTI)

AXT saw its share prices jump by 6.61 percent on Tuesday to close at $112.88 apiece, as investors loaded portfolios ahead of expected business updates, with the company set to participate in three investor conferences this month and the next.

In an updated report, AXT Inc. (NASDAQ:AXTI) announced participation in the 26th Annual B. Riley Securities Institutional Investor Conference in Los Angeles, California, on May 21, to be followed by the 23rd Annual Craig-Hallum Institutional Investor Conference in Minneapolis on May 28. It would also join the Northland Securities Virtual Growth Conference on June 23.

Investors are expected to watch out for the company’s outlook and growth guidance for the rest of the year, after it adjourned its Annual Stockholders’ Meeting last week due to the lack of a quorum.

In other news, AXT Inc. earlier this month announced a huge improvement to its earnings performance for the first quarter of the year, with attributable net loss slashed by 81 percent to $1.62 million from $8.798 million in the same period last year. The drop was due to an 84 percent decrease in operating loss, at $1.585 million versus $10.275 million year-on-year.

Revenues also surged by 39 percent to $26.9 million from $19.3 million year-on-year.

Looking ahead, AXT Inc. posted a highly optimistic outlook about its business, with the company expecting to ride the booming artificial intelligence industry through a strong demand from data center operators.

6. Credo Technology Group Holding Ltd. (NASDAQ:CRDO)

Credo Technology snapped a five-day losing streak on Tuesday, surging 8.14 percent to close at $168.99 apiece, as investors resorted to bargain-hunting while repositioning portfolios ahead of the results of its earnings performance for the fourth quarter and fiscal year 2026.

In a statement, Credo Technology Group Holding Ltd. (NASDAQ:CRDO) said that it is scheduled to release its financial and operating highlights after market close on June 1, 2026. A conference call will be held to elaborate on the results.

The company earlier targeted a revenue expansion of 150 to 156 percent in the fourth quarter of the fiscal year, to a range of $425 million to $435 million, versus only $170 million in the same period last year. Gross margin is expected to be at 63.9 percent to 65.9 percent.

Investors are also expected to watch out for Credo Technology Group Holding Ltd.’s outlook for fiscal year 2027, following its acquisition of DustPhonics, a company engaged in the development of Silicon Photonics Photonic Integrated Circuit (SiPho PIC) technology for optical transceivers.

Earlier this year, Credo Technology Group Holding Ltd. said that it expects DustPhonics to boost its optical revenues to more than $500 million for fiscal year 2027, position it as a key player in a vertically integrated connectivity stack for scale-out and scale-up networks, and address both electrical and optical interconnects across the full AI infrastructure buildout.

5. Tenable Holdings Inc. (NASDAQ:TENB)

Tenable Holdings rallied for a third consecutive day on Tuesday, jumping 9.21 percent to close at $25.25 apiece, as investors repositioned portfolios ahead of its Investor Day this week.

In a notice on its website, the software company said that it is scheduled to hold its annual Investor Day in Boston on Thursday, May 21, co-located with EXPOSURE 2026, its inaugural exposure management conference. Investors are expected to watch for cues about its outlook, alongside business updates.

Additionally, Tenable Holdings Inc. (NASDAQ:TENB) is set to participate in the William Blair Growth Stock Conference in Chicago on June 4, 2026.

In other news recently, Tenable Holdings Inc. announced a better-than-expected earnings performance in the first quarter of the year, having swung to a net income of $1.4 million from a $22.9 million net loss in the same period last year.

Revenues stood at $262.1 million, marking a 9.6 percent jump from the 239 percent year-on-year, driven by the strong adoption of Tenable One and the increasing adoption of exposure management amid the threats tied to AI acceleration.

“There is a heightened level of urgency across our customers who are looking to prepare for the significant increase of threats and vulnerabilities that AI models will introduce,” Tenable Holdings Inc. co-CEO Mark Thurmond said.

“As the cybersecurity landscape shifts at an unprecedented pace, customers are reaching out to us to help them navigate this environment,” he noted.

4. CleanSpark Inc. (NASDAQ:CLSK)

Shares of CleanSpark rallied for a second day on Tuesday, jumping 9.30 percent to close at $14.69 apiece, as investors took heart from an investment firm’s bullish call for its stock.

In a market note, CleanSpark Inc. (NASDAQ:CLSK) received a $24 price target from Bernstein, marking a 63 percent upside potential from its latest closing price. The stock was also rated outperform alongside its peers, namely IREN Ltd., Riot Platforms, and Core Scientific.

According to Bernstein, the coverage reflected its highly optimistic outlook for Bitcoin mining companies, amid Google and Blackstone’s plan to establish a new AI cloud venture.

According to the Wall Street Journal, Google and Blackstone are planning to put up a joint AI cloud company, which would see the deployment of Google’s custom chip technology, with Blackstone shelling out $5 billion in equity and retaining a majority stake. Such a move is expected to bolster Bitcoin miners-turned-data centers, with the industry announcing more than $90 billion in AI-related contracts covering 3.7 gigawatts of capacity.

In other news, CleanSpark Inc. announced the results of its earnings performance in the first quarter of the year, expanding its net loss by 172 percent to $378 million from $138.79 million in the same period last year. Revenues declined by 24.9 percent to $136.4 million from $181.7 million year-on-year.

3. Cmb.Tech NV (NYSE:CMBT)

Cmb.Tech climbed to a new 52-week high on Tuesday, after its net income exploded by more than sevenfold in the first quarter of the year.

In an updated report,  Cmb.Tech NV (NYSE:CMBT) said that its net income attributable to shareholders soared by 738 percent to $368.8 million from only $44 million in the same period last year. Revenues increased by 121 percent to $519.63 million from $235 million year-on-year.

Following the results, Cmb.Tech NV saw its share prices climb to as high as $17.07 at intra-day trading before trimming gains to finish the session just up by 10.29 percent at $16.61 apiece.

“We are reaping the benefits of a red-hot tanker market through a mix of sales of older vessels at stellar prices, a historically high spot market, and the addition of lucrative long-term charters. At the same time, the dry bulk market is powering on in all segments, but specifically Capesizes and Newcastlemaxes,” Cmb.Tech NV CEO Alexander Saverys.

“Our spot results have been strong during Q1 and will be even stronger in Q2. With HFO [heavy fuel oil] prices up by 50 percent, we manage to extract more profit from the going market rates thanks to our very modern and super eco fleet,” he noted.

During the period, the company successfully sold eight very large crude carriers (VLCCs), capesize vessels, and the Suezmax Sienna.

2. RXO Inc. (NYSE:RXO)

RXO Inc. (NYSE:RXO) rallied for a third straight session on Tuesday, climbing 10.63 percent to close at $21.13 apiece, as investors took heart from its optimistic outlook for truckload profits, thanks to better-than-expected May results so far.

According to the company, truckload gross profit per load for May is now expected to end flat from April levels, better than the decline it projected earlier this year.

In addition, the company announced that it was able to outperform the market, with April full-truckload volume declining by only 2 percent, as compared with the industry’s 4 percent overall dip, as measured by the Cass Freight Index.

“Last week, market conditions tightened even further, exacerbated by CVSA International Roadcheck. RXO stayed close to our customers and won significant spot opportunities, helping to more than offset the squeeze on our contractual book of business,” RXO Inc. Chief Strategy Officer Jared Weisfeld said.

In other news, RXO Inc. reported a 16 percent wider net loss in the first quarter of the year, at $36 million versus $31 million in the same period last year. Revenues finished flat at $1.4 billion.

1. Astera Labs Inc. (NASDAQ:ALAB)

Astera Labs bounced back by 13.30 percent on Tuesday to finish at $244.26 apiece, as investor sentiment was bolstered by Evercore ISI’s bullish call for its stock.

In a market note during the day, the investment firm raised its price target for the company by 38 percent to $297 from $215 previously, while keeping an outperform rating.

Investors also welcomed CEO Jitendra Mohan’s presentation of Astera Labs Inc.’s (NASDAQ:ALAB) newest AI data center networking solutions at the JPMorgan annual Global Technology, Media and Communications Conference.

Apart from JPMorgan, Astera Labs Inc. will also participate and present in the 54th Annual Technology, Media & Telecom Conference by TD Cowen in New York on May 27, as well as the 2026 Evercore Global TMT Conference on June 3 in San Francisco.

In other news, the company earlier this month unveiled a new memory-semantic fabric switch called the Scorpio X-Series 320 Lane, designed to improve token economics and support large-scale-up clusters with minimal latency.

According to Astera Labs Inc., Scorpio’s software-defined architecture is designed to integrate seamlessly with leading merchant and custom silicon, enabling AI labs and hyperscalers to integrate and deploy new accelerator platforms for both training and inference.

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