On Friday, October 31, shares of tech giant Amazon.com, Inc. (AMZN) boosted the market after it reported strong quarterly earnings. The tech-heavy Nasdaq increased by 0.61%. The S&P 500 went up by 0.26%. The Dow Jones Industrial Average closed slightly higher by 0.09%.
Amazon.com, Inc. (AMZN) gained 9.6% after it reported that its cloud computing unit’s revenue grew by 20% in the third quarter, exceeding market expectations. The company’s CEO, Andy Jassy, said that Amazon Web Services (AWS) is growing “at a pace we haven’t seen since 2022.” He also mentioned that there is a strong demand for AI and core infrastructure.
Brian Mulberry, Client Portfolio Manager at Zacks Investment Management, told CNBC:
“AI adoption is picking up, which makes the business investments in growing computing power and functionality of Gemini worthwhile. This will be a key metric going forward as we now have more than $600 billion in CAPEX spending committed for next year.”
Apple Inc. (AAPL) also reported better-than-expected earnings and revenue for its September quarter.
New earnings reports from the “Magnificent Seven” renewed hope for ongoing growth in tech megacaps. This encouraged investors while also reducing some concerns about overspending on AI infrastructure.
Mulberry also said:
“Investors will be paying attention to how that spending comes back to each company in the form of growing AI sales.”
Now, let’s take a look at the 12 best-performing stocks in the last 3 months.
Our Methodology
To compile our list of the 12 best-performing stocks in the last 3 months, we used the Finviz stock screener. We narrowed down our list by looking for stocks with a market capitalization of more than $2 billion and sorted our results based on 3-month performance. Finally, we ranked the 12 best-performing stocks in ascending order based on their 3-month performance as of October 31, 2025.
Additionally, we mentioned the hedge fund sentiment surrounding each stock, which was taken from Insider Monkey’s Q2 2025 database of 983 elite hedge funds.
Why do we care about what hedge funds do? The reason is simple: our research has shown that we can outperform the market by imitating the top stock picks of the best hedge funds. Our quarterly newsletter’s strategy selects 14 small-cap and large-cap stocks every quarter and has returned 427.7% since May 2014, beating its benchmark by 264 percentage points (see more details here).
12 Best Performing Stocks in the Last 3 Months
12. TeraWulf Inc. (NASDAQ:WULF)
6-Month Performance: 200.39%
Number of Hedge Fund Holders: 26
TeraWulf Inc. (NASDAQ:WULF) ranks among the best-performing stocks in the last 3 months. On October 28, Oppenheimer initiated coverage on TeraWulf Inc. (NASDAQ:WULF), giving the stock an Outperform rating and setting the price target at $20.
Oppenheimer highlighted TeraWulf Inc.’s (NASDAQ:WULF) focus on becoming a high-performance computing (HPC) AI infrastructure company.
The research firm noted that TeraWulf Inc. (NASDAQ:WULF) has high-quality land with low-cost renewable electricity and fiber networks. This has helped the company win contracts with major AI industry clients.
Oppenheimer pointed out that demand for AI infrastructure has grown faster than expected over the last three years. The firm expects data center demand to grow 18% each year for the next five years. Oppenheimer believes there is a big shortage of about 20%, or 15 gigawatts, of capacity.
According to Oppenheimer’s analysis, TeraWulf Inc. (NASDAQ:WULF) currently has 1.2 gigawatts of space and power inventory. The company has contracts for over 400 megawatts of capacity and 250 megawatts of Bitcoin mining capacity that can be converted.
TeraWulf Inc. (NASDAQ:WULF) develops, owns, and operates industrial-scale data center infrastructure in the US that is designed specifically for Bitcoin mining and high-performance computing (HPC) hosting.
11. Ondas Holdings Inc. (NASDAQ:ONDS)
6-Month Performance: 203.77%
Number of Hedge Fund Holders: 9
Ondas Holdings Inc. (NASDAQ:ONDS) ranks among the best-performing stocks in the last 3 months. On October 29, Ondas Holdings Inc. (NASDAQ:ONDS) announced it has acquired a controlling interest in Insight Intelligent Sensors.
According to the report by Ondas Holdings Inc. (NASDAQ:ONDS), Insight Intelligent Sensors is an Israeli company that develops AI-driven electro-optical sensing systems to detect anomalies in real-time in complex environments. Its proprietary Smart Imaging Module (SIM) can process ultra-high-resolution at the edge to detect, identify and track small drones, vehicles, people, and even early signs of wildfires.
This acquisition is an important step for Ondas Holdings Inc. (NASDAQ:ONDS), which is strategically building a unified defense and security architecture that combines sensing, autonomy, and communications across land, air, and sea.
The company will integrate Insight Intelligent Sensors into its global defense portfolio. This will help Ondas Holdings Inc. (NASDAQ:ONDS) provide smart, autonomous, and connected solutions to US, NATO, and other allied partners and meet the demands in Intelligence, Surveillance, and Reconnaissance (ISR), border security, critical infrastructure, and environmental sustainability.
Ondas Holdings Inc. (NASDAQ:ONDS) provides autonomous systems and private wireless solutions. The company operates through its business units Ondas Autonomous Systems (OAS), Ondas Capital, and Ondas Networks.
10. Rigetti Computing, Inc. (NASDAQ:RGTI)
6-Month Performance: 205.31%
Number of Hedge Fund Holders: 17
Rigetti Computing, Inc. (NASDAQ:RGTI) ranks among the best-performing stocks in the last 3 months. On October 29, Craig-Hallum analyst Richard Shannon reiterated a Buy rating on Rigetti Computing, Inc. (NASDAQ:RGTI).
This update came after Rigetti Computing, Inc. (NASDAQ:RGTI) announced on October 28 that it is supporting NVQLink, NVIDIA Corporation’s (NVDA) new open platform for integrating AI supercomputing with quantum computers.
Rigetti Computing, Inc.’s (NASDAQ:RGTI) work with NVQLink was shown at the Quantum Computing Pavilion at NVIDIA GTC Washington, D.C. Attendees were able to see a full-scale demonstration of a quantum computer by Rigetti Computing, Inc. (NASDAQ:RGTI) at NVIDIA Corporation’s (NVDA) booth.
NVQLink combines quantum processors and control systems with NVIDIA Corporation’s (NVDA) AI supercomputing, offering an easy solution to integrate and scale quantum hardware. Rigetti Computing, Inc. (NASDAQ:RGTI) is working with NVIDIA Corporation (NVDA) to offer low-latency, high-throughput connectivity between CPUs, GPUs and quantum processing units. This helps speed up the development of hybrid quantum-classical applications and accelerated quantum supercomputers.
Rigetti Computing, Inc. (NASDAQ:RGTI) is a full-stack quantum computing company that builds quantum computing systems and quantum processors. It operates quantum computers over the cloud and provides services to businesses, governments, and researchers through its Rigetti Quantum Cloud Services platform.
9. Diginex Limited (NASDAQ:DGNX)
6-Month Performance: 215.08%
Number of Hedge Fund Holders: 1
Diginex Limited (NASDAQ:DGNX) ranks among the best-performing stocks in the last 3 months. On October 14, Diginex Limited (NASDAQ:DGNX) announced the launch of diginexGHG, an AI-automated solution that helps companies measure their carbon footprint.
This solution is certified according to the Greenhouse Gas Protocol, a well-known method created by the World Resources Institute (WRI) and the World Business Council for Sustainable Development (WBCSD), which offers guidelines on how businesses can measure their greenhouse gas emissions.
According to the report by Diginex Limited (NASDAQ:DGNX), the market for global carbon accounting software is witnessing strong growth. It is projected to grow from $18.56 billion in 2024 to $51.64 billion in 2029 at a compound annual growth rate of 22.9%. This growth is supported by the demand for scalable tools that can help measure, report, and reduce emissions due to climate change. Stringent regulations are also transforming corporate landscapes at the same time.
Diginex Limited’s (NASDAQ:DGNX) diginexGHG integrates with existing business systems and automates carbon management while also ensuring companies comply with reporting rules.
Diginex Limited (NASDAQ:DGNX) is a regulatory technology company that provides software and services to help businesses and governments to streamline their Environmental, Social, and Governance (ESG), climate, and supply chain data collection and reporting.
8. Bitfarms Ltd. (NASDAQ:BITF)
6-Month Performance: 215.08%
Number of Hedge Fund Holders: 10
Bitfarms Ltd. (NASDAQ:BITF) ranks among the best-performing stocks in the last 3 months. On October 29, H.C. Wainwright analyst Mike Colonnese increased the firm’s price target on Bitfarms Ltd. (NASDAQ:BITF) from $4 to $5.50 and maintained a Buy rating.
The firm expects mining companies, which include Bitfarms Ltd. (NASDAQ:BITF), to report strong Q3 results as Bitcoin prices have experienced steady growth. The analyst also told investors in a research note that the hash rate continued to expand during the third quarter, with public miners adding 58.4 EH/s to their mining capacity during the quarter.
Previously, on October 22, B. Riley also increased its price target on Bitfarms Ltd. (NASDAQ:BITF) from $3 to $7 and reiterated a Buy rating.
This decision came as B. Riley updated its estimates for companies focused on high-performance computing (HPC). The firm’s analyst told investors in a research note that the firm increased price targets for HPC companies by an average of 78% and raised forecasts for 2026 by 5%.
Bitfarms Ltd. (NASDAQ:BITF) is an energy and digital infrastructure company that designs, builds, and operates vertically integrated data centers and energy infrastructure for high-performance computing and Bitcoin mining.
7. Cipher Mining Inc. (NASDAQ:CIFR)
6-Month Performance: 241.58%
Number of Hedge Fund Holders: 27
Cipher Mining Inc. (NASDAQ:CIFR) ranks among the best-performing stocks in the last 3 months. On October 29, H.C. Wainwright increased the price target on Cipher Mining Inc. (NASDAQ:CIFR) from $17 to $25 and maintained a Buy rating.
H.C. Wainwright analysts expect mining companies to report strong results for the third quarter because of the “strong sequential growth” in Bitcoin prices. The research firm also noted that the hash rate continued expanding in the third quarter and public miners added 58.4 EH/s to their operations during this time.
Previously, on October 16, Rosenblatt Securities also raised its price target on Cipher Mining Inc. (NASDAQ:CIFR) from $14 to $25 and reiterated a Buy rating.
Cipher Mining Inc. (NASDAQ:CIFR) is a technology company that constructs and operates industrial-scale data centers for Bitcoin mining and high-performance computing (HPC) hosting.
6. Bloom Energy Corporation (NYSE:BE)
6-Month Performance: 253.46%
Number of Hedge Fund Holders: 43
Bloom Energy Corporation (NYSE:BE) ranks among the best-performing stocks in the last 3 months. On October 31, Jefferies increased its price target on Bloom Energy Corporation (NYSE:BE) from $31 to $53 but kept an Underperform rating.
Jefferies highlighted the recent deal with Brookfield Asset Management, under which Brookfield will invest up to $5 billion to deploy Bloom Energy Corporation’s (NYSE:BE) advanced fuel cell technology. This strategic joint venture will focus on the design and delivery of AI factories, compute infrastructure, and power solutions. However, Jefferies is still cautious and wants more clarity regarding the profitability of this joint venture structure.
According to Jefferies, the fourth quarter will be important for investors. The firm expects Bloom Energy Corporation (NYSE:BE) to share its backlog, which could include sales for 2026 and 2027.
Previously, on October 29, Susquehanna also increased its price target for Bloom Energy Corporation (NYSE:BE) from $105 to $157. This decision followed the company’s strong Q3 results that beat revenue and EBITDA expectations.
Bloom Energy Corporation (NYSE:BE) designs and manufactures fuel cell systems for on-site power generation for data centers, semiconductor manufacturing, large utilities, and other commercial and industrial sectors.
5. Praxis Precision Medicines, Inc. (NASDAQ:PRAX)
6-Month Performance: 266.58%
Number of Hedge Fund Holders: 33
Praxis Precision Medicines, Inc. (NASDAQ:PRAX) ranks among the best-performing stocks in the last 3 months. On October 16, Oppenheimer raised its price target on Praxis Precision Medicines, Inc. (NASDAQ:PRAX) from $115 to $250 and kept an Outperform rating.
This decision came after positive topline results from Praxis Precision Medicines, Inc.’s (NASDAQ:PRAX) 3 Essential3 trial of ulixacaltamide for essential tremor (ET), a nervous system condition that causes involuntary shaking, mostly in the hands and arms. There is currently no approved treatment for this condition.
The drug met all endpoints in Study 1 and its pre-specified primary endpoint in Study 2. Ulixacaltamide was generally safe and well-tolerated, showing no serious drug-related side effects.
Oppenheimer expects Praxis Precision Medicines, Inc. (NASDAQ:PRAX) to submit a New Drug Application in early 2026, which could potentially see the drug being launched commercially in 2027 after approval by the FDA.
Praxis Precision Medicines, Inc. (NASDAQ:PRAX) is a clinical-stage biopharmaceutical company focused on developing therapies for central nervous system (CNS) disorders.
4. IREN Limited (NASDAQ:IREN)
6-Month Performance: 277.09%
Number of Hedge Fund Holders: 39
IREN Limited (NASDAQ:IREN) ranks among the best-performing stocks in the last 3 months. On October 22, B. Riley increased its price target on IREN Limited (NASDAQ:IREN) from $29 to $74 and reiterated a Buy rating as the research firm updated its estimates for high-performance computing companies.
Previously, on October 14, Cantor Fitzgerald also raised its price target on IREN Limited (NASDAQ:IREN) from $49 to $100 and kept an Overweight rating. This decision came as the firm revised its revenue estimates for IREN Limited’s (NASDAQ:IREN) AI Cloud Services segment.
Cantor Fitzgerald expects the company’s AI Cloud Services business to grow. Despite the recent gains in the stock price, the research firm believes there is still more potential for IREN Limited (NASDAQ:IREN) to grow.
The firm’s analysis suggests that IREN Limited (NASDAQ:IREN) is still trading at about a 75% discount compared to neocloud companies on a contracted megawatt basis. Cantor Fitzgerald expects this gap to close over time, which could lead to a “material re-rating.”
Cantor Fitzgerald also pointed out IREN Limited’s (NASDAQ:IREN) unique market position, noting its access to land, power, capital, and data center expertise. These advantages could help the company “become one of the biggest providers of compute in the world.”
IREN Limited (NASDAQ:IREN) is a vertically integrated data center company that focuses on Bitcoin mining, high-performance computing solutions, and AI cloud services. It owns and operates data centers and electrical infrastructure in Canada and the US.
3. Opendoor Technologies Inc. (NASDAQ:OPEN)
6-Month Performance: 322.28%
Number of Hedge Fund Holders: 21
Opendoor Technologies Inc. (NASDAQ:OPEN) ranks among the best-performing stocks in the last 3 months. On October 20, Morgan Stanley reiterated a Hold rating on Opendoor Technologies Inc. (NASDAQ:OPEN) and raised the price target to $6 from $2.
This decision comes ahead of the company’s third quarter 2025 financial results, which are scheduled for release on November 6.
On October 30, Opendoor Technologies Inc. (NASDAQ:OPEN) shared that it will now utilize a new way to present its quarterly earnings. Instead of the usual earnings call, the company will hold a “Financial Open House,” which will be livestreamed on platforms like Robinhood, X, YouTube, and the company’s investor relations site.
This new format will give shareholders a voice. Investors will be allowed to submit and upvote questions. The most popular questions will be answered live during the Q&A session.
Opendoor Technologies Inc. (NASDAQ:OPEN) is an American e-commerce company that operates a digital platform for residential real estate transactions, providing a simple and clear way to buy and sell homes.
2. Sandisk Corporation (NASDAQ:SNDK)
6-Month Performance: 364.42%
Number of Hedge Fund Holders: 49
Sandisk Corporation (NASDAQ:SNDK) ranks among the best-performing stocks in the last 3 months. On October 28, Mizuho increased its price target on Sandisk Corporation (NASDAQ:SNDK) from $180 to $215 and kept an Outperform rating.
Mizuho analysts believe that limited supply will continue to push prices up in the DRAM and NAND markets. The firm expects Sandisk Corporation (NASDAQ:SNDK) to see an improvement in sales and margins in 2026.
Previously, on October 21, Jefferies had also boosted its price target on Sandisk Corporation (NASDAQ:SNDK) from $60 to $180 and maintained a Buy rating. The firm remains confident in Sandisk Corporation’s (NASDAQ:SNDK) future, noting that NAND pricing trends are showing resilience.
These updates come as the memory sector continues to benefit from growth in AI, which is driving the demand for high-capacity storage solutions.
Sandisk Corporation (NASDAQ:SNDK) is an American computer technology company that designs and manufactures flash memory storage solutions, including SSDs, memory cards, and USB Flash Drives.
1. uniQure N.V. (NASDAQ:QURE)
6-Month Performance: 386.28%
Number of Hedge Fund Holders: 36
uniQure N.V. (NASDAQ:QURE) ranks among the best-performing stocks in the last 3 months. On October 8, RBC Capital reiterated a Buy rating on uniQure N.V. (NASDAQ:QURE) and increased its price target from $55 to $65.
Moreover, on October 6, H.C. Wainwright also raised its price target on uniQure N.V. (NASDAQ:QURE) from $70 to $110 and kept a Buy rating.
These updates came after the company reported positive topline data from its Phase I/II study of AMT-130 for treating Huntington’s disease on September 24. The data showed that its gene therapy, AMT-130, slowed down the progression of Huntington’s disease.
According to the report, this pivotal study met the primary endpoint and showed that a high dose of AMT-130 slowed the disease by 75% over 36 months. uniQure N.V. (NASDAQ:QURE) also said that the treatment was generally safe and well-tolerated.
Currently, there are no approved therapies to delay the onset or slow the progression of Huntington’s disease. uniQure N.V.’s (NASDAQ:QURE) AMT-130 could significantly change the treatment landscape for this disease
The FDA has granted AMT-130 a special designation as a Breakthrough Therapy designation and Regenerative Medicine Advanced Therapy (RMAT). uniQure N.V. (NASDAQ:QURE) expects to submit a biologics license application (BLA) in the first quarter of 2026 and plans to launch the treatment in the US later that year after approvals.
uniQure N.V. (NASDAQ:QURE) is a Dutch biotechnology company focused on developing gene therapies for serious diseases.
While we acknowledge the potential of QURE as an investment, our conviction lies in the belief that some AI stocks hold greater promise for delivering higher returns and have limited downside risk. If you are looking for an AI stock that is more promising than QURE and that has a 100x upside potential, check out our report about this cheapest AI stock.
READ NEXT: 10 Stocks Under $20 to Buy According to Analysts and 10 Best Dow Stocks to Buy According to Wall Street Analysts.
Disclosure: None. Insider Monkey focuses on uncovering the best investment ideas of hedge funds and insiders. Please subscribe to our free daily e-newsletter to get the latest investment ideas from hedge funds’ investor letters by entering your email address below.
