Ten stocks soared higher on Monday, mimicking a rally in the broader market, as investors took heart from Iran’s willingness to end the war in the Middle East.
Wall Street’s major indices all finished in the green, led by the Nasdaq jumping 1.22 percent, followed by the S&P 500, rising 1.01 percent, and the Dow Jones, up 0.83 percent.
In this article, we spotlight the 10 of the top-performing companies on Monday and detail the reasons behind their gains.
To come up with the list, we only considered the stocks with a $2 billion market capitalization.
Photo by Alesia Kozik on Pexels
10. Micron Technology (NASDAQ:MU)
Micron Technology rallied for a second day on Monday, jumping 3.68 percent to close at $441.80 apiece, as investors loaded portfolios ahead of the results of its earnings performance.
In a notice to its investors, Micron Technology (NASDAQ:MU) said that it would release its financial and operating highlights for the second quarter of fiscal year 2026 after market close on Wednesday, March 18. A conference call will be held to discuss the results.
For the said period, the company is targeting to report GAAP revenues of $18.70 billion, plus or minus $400 million. Gross margin is also expected at 7 percent, plus or minus 1 percent, while diluted earnings per share are pegged at $8.19, plus or minus $0.20.
Earnings aside, Micron Technology over the weekend announced the completion of its acquisition of Powerchip Semiconductor Manufacturing Corporation’s P5 site in Miaoli County, Taiwan.
The new site will complement its existing operations in Taichung. The site includes approximately 300,000 square feet of existing 300mm cleanroom space and will support increased production of DRAM products, including HBM.
Micron Technology began preparations for the new Tongluo site following the deal announcement in January 2026 and will now kick off with the retrofitting of the existing cleanroom.
The Tongluo site is expected to support product shipments from the existing fab beginning in fiscal 2028.
It is also planning the next phase of expansion at the site, with construction set to begin by the end of fiscal 2026 on a second facility of comparable scale, adding approximately 270,000 square feet of cleanroom space.
9. Sandisk Corp. (NASDAQ:SNDK)
Sandisk saw its share prices increase by 6.35 percent on Monday to close at $703.63 apiece, as investors resumed buying positions on hopes for the looming end of war in the Middle East.
Sandisk Corp. (NASDAQ:SNDK) mimicked the rally in the wider market, primarily buoyed by news that Iran has already expressed intentions to end the ongoing war, albeit underscoring that it never sought a ceasefire with the US and Israel.
“We don’t ask for a ceasefire, but this war must end in a way that our enemies never again think about repeating such attacks,” Iranian Foreign Minister Abbas Araghchi said.
“They now understand what kind of nation they are dealing with,” he noted, adding that the country was ready to “take the war wherever necessary.”
The comment sparked optimism for the broader market, but was negative for the crude oil industry, with benchmark indices WTI and Brent both shedding more than 4 percent and 2 percent, respectively, at $94 and $100 per barrel.
Meanwhile, Sandisk Corp.’s rally was supported by more funds shifting to the technology sector as investors flee industries that are seen to be more vulnerable to the ongoing tensions.
Last year, Sandisk Corp. expanded its net income in the second quarter of fiscal year 2026 by 672 percent to $803 million from only $104 million in the same period a year earlier. Revenues, on the other hand, rose by 61 percent to $3.025 billion from $1.876 billion.
8. Tencent Music Entertainment Group (NYSE:TME)
Tencent Music Entertainment Group (NYSE:TME) extended its winning streak to a third consecutive day on Monday, jumping 6.48 percent to close at $15.11 apiece, as investors loaded portfolios ahead of the results of its earnings performance last year.
In a notice on its website, Tencent Music Entertainment Group said that it would release its financial and operating highlights for the fourth quarter and full-year periods before market open on Tuesday, March 17 EDT. A conference call will be held to elaborate on the results.
Analysts are expecting Tencent Music Entertainment Group to report $0.23 in earnings per share and revenues of $1.22 billion. The company has beaten revenue estimates 75 percent of the time.
Earnings aside, the rally can also be partly attributed to the overall market optimism, as investors cheered Iran’s openness to end the ongoing tensions in the Middle East.
“We don’t ask for ceasefire, but this war must end, in a way that our enemies never again think about repeating such attacks,” Iranian Foreign Minister Abbas Araghchi was quoted as saying.
“They now understand what kind of nation they are dealing with,” he noted, adding that the country was ready to “take the war wherever necessary.”
7. Circle Internet Group (NYSE:CRCL)
Circle Internet extended its winning streak to a third consecutive day on Monday, soaring 9.06 percent to close at $125.83 apiece, after ClearStreet turned bullish for its stock and raised its price target by 48 percent.
In a market note, the investment firm upgraded Circle Internet Group (NYSE:CRCL) to “buy” from “hold” previously, while raising its price target to $136 from $92.
It said the coverage reflected its optimism for the further adoption of its USDC stablecoins, having surged last month, suggesting that more financial institutions and consumers continue to embrace the digital asset.
Additionally, Clear Street said that the ongoing tensions in the Middle East may have propped up the use of USDCs, with a huge number of people using the latter for remittances and cross-border transactions.
“Through this uncertain period, USDC market capitalization continued to trend higher, even as broader equity and crypto markets declined, suggesting demand was driven by transactional utility rather than speculative positioning,” Clear Street said.
Circle Internet Group rakes in a huge chunk of its revenues from its USDC stablecoins, which means that the latter’s growth is crucial to its success.
6. Coupang Inc. (NYSE:CPNG)
Coupang snapped a three-day losing streak on Monday, jumping 10.84 percent to finish at $20.45 apiece, as investors mirrored a key executive’s acquisition of a $136.5 million stake in its shares.
In a regulatory filing, Coupang Inc. (NYSE:CPNG) said that its director, Neil Mehta, purchased more than 2.01 million of its shares from March 11 to 13, at prices ranging from $18.3994 to $18.6787 apiece.
Following the transactions, Mehta now owns more than 55.3 million indirect shares of Coupang Inc., with 78,773 shares directly owned.
Coupang Inc. is a China-based technology company with businesses across retail, restaurant delivery, video streaming, and fintech services, among others.
Last year, it grew its net income attributable to shareholders by 35 percent to $208 million from $154 million in 2024. Revenues increased by 14 percent to $34.5 billion from $30.27 billion year-on-year.
In the fourth quarter alone, Coupang Inc. swung to a net loss attributable to shareholders of $26 million from a $156 million net income attributable to shareholders in the same period a year earlier.
Revenues soared by 11 percent to $8.8 billion from $7.96 billion.
5. TeraWulf Inc. (NASDAQ:WULF)
TeraWulf soared by 11.86 percent on Monday to finish at $16.41 apiece, as investors cheered plans to expand its data center assets following the successful raising of $500 million in fresh funds.
In a regulatory filing on the same day, TeraWulf Inc. said that it entered into a delayed-draw bridge credit agreement with Morgan Stanley, proceeds of which will be used to construct and develop a data center facility in Hawesville, Kentucky.
TeraWulf Inc. may also pay its loans based on two options: a term secured overnight financing rate (SOFR) determined by reference to the SOFR published, under which the rate shall be no less than zero plus an applicable margin of 2.75 percent per annum, or a base rate determined by reference to the highest of the federal funds rate plus 0.50 percent per annum; Morgan Stanley’s prime rate; a one-month term SOFR; and a 1 percent per annum plus an applicable margin of 1.75 percent per annum.
The fundraising followed the company’s announcement last month that it acquired two land parcels in Kentucky and Maryland, where its next data centers are set to rise.
In Kentucky alone, TeraWulf Inc. acquired a former industrial site capable of housing 250 buildable acres for compute capacity, high-voltage transmission lines, an on-site energized substation, and a direct connection to the regional transmission network.
At present, the Hawesville site operates 480 MW of existing power and has the potential to expand over time. Redevelopment of the area is expected to occur in phases.
4. BioCryst Pharmaceuticals Inc (NASDAQ:BCRX)
BioCryst snapped a three-day losing streak on Monday, jumping 13.14 percent to finish at $9.30 apiece, as investors loaded portfolios amid rumors that it is set to be acquired by a large-cap biopharmaceutical company.
Murmurs about the supposed acquisition broke out on a UK-based website about deals and dealmakers on Monday, saying that a US-based pharmaceutical giant is setting its sights on BioCryst Pharmaceuticals Inc (NASDAQ:BCRX).
As of writing, BioCryst Pharmaceuticals Inc has yet to confirm or deny the said report.
BioCryst Pharmaceuticals Inc is a global biotechnology company focused on developing and commercializing medicines for hereditary angioedema (HAE) and other rare diseases.
Last month, it announced strong earnings performance in 2025, having swung to a net income of $263.86 million last year from an $88.88 million net loss in 2024. Total revenues soared by 94 percent to $874.8 million from $450.7 million year-on-year, helped by the successful $243.3 million sale of its European Orladeyo business to Neopharmed Gentili. Orladeyo is a prescription oral medicine for preventing hereditary angioedema attacks in adults and children 12 years and older.
In the fourth quarter alone, BioCryst Pharmaceuticals Inc. incurred a $245.8 million net income, reversing a $26.79 million net loss in the same period a year earlier. Total revenues more than tripled to $406.5 million from $131.5 million year-on-year.
3. Bitmine Immersion Technologies Inc. (NYSEAmerican:BMNR)
Bitmine Immersion soared by 13.88 percent on Monday to close at $23.39 apiece, as investors gobbled up shares amid a flurry of news, including its indirect exposure to OpenAI ahead of its much-anticipated initial public offering (IPO), and its accelerated purchase of Ethereum tokens last week during a broader market bloodbath.
In an updated report, Bitmine Immersion Technologies Inc. (NYSEAmerican:BMNR) said that it acquired an $80 million stake in Eightco Holdings Inc. (NASDAQ:ORBS), which owns a $50 million equity in OpenAI.
“ORBS is now the only publicly listed equity in the world to give investor direct exposure to OpenAI. OpenAI has a much anticipated IPO in 2026 and investors can now get direct exposure via ORBS,” Bitmine Immersion Technologies Inc. (NYSEAmerican:BMNR) said.
Additionally, the company last week acquired 60,999 Ethereum tokens, of which 5,000 were purchased from the ETH Foundation.
“Bitmine has slightly increased the pace of ETH buys in each of the past two weeks, as our base case is ETH is in the final stages of the ‘mini-crypto winter.’ In the past week, we acquired 60,999 ETH compared to an average of 45k to 50k weekly recently,” Bitmine Immersion Technologies Inc. (NYSEAmerican:BMNR) Chairman Thomas Lee said.
2. Nebius Group NV (NASDAQ:NBIS)
Nebius Group rallied for a second day on Monday, jumping 14.96 percent to close at $129.85 apiece, as investors resumed buying positions following news that it sealed a $27 billion AI infrastructure deal with Meta Platforms Inc.
In a statement, Nebius Group NV (NASDAQ:NBIS) said that it would deploy $12 billion worth of dedicated capacity to Meta over the next five years, with the first delivery targeted for early next year.
Meta has also committed to purchase $15 billion worth of additional available compute capacity for a period of five years in connection with Nebius Group NV’s NVIDIA Vera Rubin deployments.
“We are pleased to expand our significant partnership with Meta as part of securing more large, long-term capacity contracts to accelerate the build-out and growth of our core AI cloud business. We will continue to deliver,” said Nebius Group NV CEO Arkady Volozh.
The announcement followed its partnership with Nvidia last week, under which they would jointly develop and deploy next-generation hyperscale cloud for the AI market. NVIDIA also invested $2 billion in the AI infrastructure developer.
Under the agreement, they would collaborate on AI factory design and support, including access to partner design material, design review process and acceptance, and regular business and technical reviews, among others.
They would also partner on creating a best-in-class inference and agentic AI stack for developers and enterprises with Nvidia’s latest software technologies, optimized models, and libraries.
Nebius Group NV would deploy multiple generations of Nvidia’s infrastructure across its platform, as well as the latest GPU health monitoring to allow software recommendations.
1. National Storage Affiliates Trust (NYSE:NSA)
National Storage soared to a new 52-week high on Monday as investors snapped up shares following news that it would merge with Public Storage for an all-stock transaction worth $10.5 billion.
At intra-day trading, the stock climbed to a record high of $40.95 before trimming gains to finish the session just up by 30.35 percent at $40.23 apiece.
In a statement, National Storage Affiliates Trust (NYSE:NSA) said that its shareholders and operating partnership (OP) units are set to receive 0.14 of a share of Public Storage, or equivalent to $41.68 for each NSA unit they own.
The transaction is expected to be completed in the third quarter of the year, subject to closing conditions, including shareholder approval.
Immediately before the closing of the transaction, the two firms will form a new joint venture to hold 313 properties on National Storage Affiliates Trust’s operating platform, comprising 19.6 million rentable square feet across 28 states and Puerto Rico, with an estimated value of approximately $3.3 billion.
OP unitholders would own 80 percent of the company, while the remaining stake would be owned by Public Storage.
“This transaction with Public Storage follows a thorough process overseen by our Board of Trustees and will deliver a meaningful premium to NSA investors and enable our shareholders and OP unitholders to participate in the significant value creation upside of this combination,” said National Storage Affiliates Trust CEO David Cramer.
“Public Storage is the ideal strategic fit for our company given its best-in-class brand, operating platform, and future growth profile. We could not be more excited to partner with the Public Storage team to take our platform to the next level,” he noted.
Public Storage will also repay NSA’s existing bank debt and senior unsecured notes, while assuming its existing mortgage debt and Series A, B, and A-1 preferred shares and units.
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