Fifteen companies skyrocketed by double to triple digits last week, buoyed by fresh company-specific developments and a generally optimistic sentiment, thanks to the possible trade negotiations between the US and China.
In this article, we identified and gathered last week’s best-performing stocks, based on the percentage difference between their closing prices on May 30 and June 6, 2025.
To come up with the list, we considered only the stocks with more than 5 million in trading volume.
15. ImmunityBio, Inc. (NASDAQ:IBRX)
ImmunityBio saw its share prices increase by 18.4 percent week-on-week, with the performance primarily owed to the Food and Drug Administration’s (FDA) green light for the company to expand the access of its Anktiva treatment to patients with solid tumors.
Earlier last week, ImmunityBio, Inc. (NASDAQ:IBRX) received the approval of the FDA to expand its Cancer BioShield platform, anchored by Anktiva, to treat lymphopenia in adult patients with refractory or relapsed solid tumors, independent of tumor type who have progressed after first-line standard-of-care treatment, chemotherapy, radiation, or immunotherapy.
To date, there are no approved treatments for lymphopenia, a depletion of critical lymphocytes responsible for immunogenic cell death, specifically natural killer cells, killer CD8+ T cells and CD4+ with memory T cells.
Following the announcement, the company earned a “buy” recommendation and a price target of $8 from investment firm HC Wainwright, representing a 154-percent upside from its closing price of $3.15 on Friday.
14. ON Semiconductor Corporation (NASDAQ:ON)
ON Semiconductor grew its share prices by 19.39 percent week-on-week as investor sentiment was boosted by its optimistic outlook about the automotive sector and its significant benefits to its business.
While ON Semiconductor Corporation (NASDAQ:ON) remained cautiously optimistic about the ongoing global trade tensions, it expected to see growth in the second half of the year on expectations of higher automotive manufacturing activity in China.
Additionally, the company said it gained a significant market share outside China, with continued volume growth in European electric vehicles.
To mitigate geopolitical risks, ON Semiconductor Corporation (NASDAQ:ON) said it adopted a dual manufacturing strategy, with primary and secondary production facilities located both in the US and overseas.
“When you have a primary and a secondary—one in the US, one outside the US—when you have geopolitical uncertainties, that becomes a competitive advantage. And we’ve been utilizing that competitive advantage to maintain stability with our customers and really capture the demand without the volatility,” said ON Semiconductor Corporation (NASDAQ:ON) President and CEO Hassane El-Khoury.
13. Quantum Computing Inc. (NASDAQ:QUBT)
Quantum Computing rallied by 21 percent week-on-week as investors gobbled up shares in the company after earning a rating upgrade from an investment firm.
In its market note last week, Ascendiant Capital Markets reaffirmed its “buy” recommendation on Quantum Computing Inc.’s (NASDAQ:QUBT) stock, while raising its price target to $22 from $14 previously. The new price target represented a 60-percent upside from its $13.7 closing price on Friday.
In the first quarter of the year, Quantum Computing Inc. (NASDAQ:QUBT) swung to a net income attributable to shareholders of $16.98 million from a $6.4 million net loss in the same period last year, primarily driven by a $23.6 million non-cash gain on the mark-to-market valuation of the company’s warrant liability as a result of its merger with QPhoton in June 2022.
Revenues, on the other hand, rose by 44 percent to $39,000 from $27,000 in the same period last year.
12. Hut 8 Corp. (NASDAQ:HUT)
Hut 8 rallied by 21.6 percent week-on-week as investors gobbled up shares in the company following an investment firm’s bullish rating.
Earlier last week, Roth Capital initiated coverage on Hut 8 Corp. (NASDAQ:HUT), giving a “buy” recommendation with a price target of $25, representing a 34.6 percent upside from its $18.57 closing price last Friday.
According to Roth Capital, the rating and price target reflected Hut 8 Corp.’s (NASDAQ:HUT) transformation into a power-focused digital infrastructure platform with significant growth potential.
“HUT sources and allocates power to the highest-return use cases…This enables strategic site selection, efficient capex ($400K/MW BTC builds), and faster speed-to-market. Its in-house design and energy optimization software allows cost control and scalability that peers often lack. ~430MW of HPC CITL and other sites in diligence support a highly scalable roadmap,” it said.
In the first quarter of the year, Hut 8 Corp. (NASDAQ:HUT) swung to a net loss of $134 million from a $251 million net income in the same period last year.
11. Fortuna Mining Corp. (NYSE:FSM)
Fortuna Mining increased by 21.88 percent week-on-week as investors snapped up shares in the company following silver prices’ surge to a new all-time high.
Last Thursday, silver futures rose as high as $36.27 per troy ounce, notching its highest price so far since 2012 as investors sought refuge in precious metals amid the ongoing trade tensions globally.
The higher prices spilled over into mining stocks such as Fortuna Mining Corp. (NYSE:FSM), which heavily focuses on silver production.
In the first quarter of the year, Fortuna Mining Corp. (NYSE:FSM) grew its net income from continuing operations by 130 percent to $67.97 million from $29.5 million in the same period last year.
Sales rose by 45 percent to $290 million from $200.9 million year-on-year.
Fortuna Mining Corp. (NYSE:FSM) is expected to hold an annual shareholders’ meeting at 10 AM PDT on June 26 in Vancouver, Canada.
10. Hecla Mining Company (NYSE:HL)
Hecla Mining surged by 21.98 percent week-on-week, as traders flocked to silver miners last week, primarily driven by the metal’s surge to a new all-time high.
Last Thursday, silver futures rose as high as $36.27 per troy ounce, notching its highest price so far since 2012 as investors sought refuge from safer assets such as gold and silver amid the ongoing trade tensions globally.
Silver’s record high boosted mining stocks, including Hecla Mining Company (NYSE:HL)—one of the oldest silver miners with operations in the US, Canada, and Mexico.
In the first quarter of the year, the company swung to a net income of $28.7 million from a net loss of $5.89 million in the same period last year.
Sales amounted to $261 million, higher by 38 percent than the $189 million in the same period last year, reflecting higher realized prices for precious metals, which were partially offset by lower silver, gold and zinc sales volumes.
9. Riot Platforms, Inc. (NASDAQ:RIOT)
Riot Platforms saw its share prices surge by 22.06 percent week-on-week, mirroring Bitcoin prices’ return to the $105,000 territory, supported by strong US jobs data, renewed hopes for trade negotiations between the US and China, and increased Bitcoin production in May.
Earlier last week, Riot Platforms, Inc. (NASDAQ:RIOT) announced it was able to mine 514 Bitcoins last month, or 11 percent higher than the 463 produced in April, and by 139 percent as compared with the 215 Bitcoins in the same month last year.
In other news, Riot Platforms, Inc. (NASDAQ:RIOT) acquired 355 acres of land near its Corsicana site, intended for the development of data centers to serve high-performance compute, which typically require larger footprints than bitcoin mining to utilize the same power capacity.
“We will continue to look to strategically add additional land parcels to ensure that our Corsicana site is ideally suited to support designs for data centers that serve the needs of hyperscale and enterprise tenants,” said Riot Platforms, Inc. (NASDAQ:RIOT) CEO Jason Les.
8. CoreWeave, Inc. (NASDAQ:CRWV)
CoreWeave jumped by 25.9 percent week-on-week as investor sentiment was boosted by its record-breaking performance results using Nvidia Corp.’s latest Grace Blackwell chips.
CoreWeave, Inc. (NASDAQ:CRWV) said in a statement that it used 2,496 Nvidia GPUs on its AI-optimized cloud platform, making its submission the largest-ever benchmarked under MLPerf.
CoreWeave, Inc. (NASDAQ:CRWV) said that the test was 34x larger than the only other submission from a cloud provider.
“AI labs and enterprises choose CoreWeave because we deliver a purpose-built cloud platform with the scale, performance, and reliability that their workloads demand,” said CoreWeave, Inc. (NASDAQ:CRWV) Chief Technology Officer Peter Salanki.
“These MLPerf results reinforce our leadership in supporting today’s most demanding AI workloads,” he added.
The announcement followed its newly clinched $7-billion deal with Applied Digital Corporation (NASDAQ:APLD), covering two 15-year lease agreements, under which the latter will deliver 250 megawatts of critical IT load to host its artificial intelligence (AI) and high-performance computing (HPC) infrastructure at its Ellendale, North Dakota data center campus.
7. Cleveland-Cliffs Inc. (NYSE:CLF)
Cleveland-Cliffs grew its share prices by 30.36 percent week-on-week as investor sentiment was buoyed by President Donald Trump’s imposition of tariffs on steel and aluminum imports.
On June 4, Trump’s 50-percent tax on steel and aluminum imports officially took effect. The new levies followed his accusation against China of violating an agreement with the US to mutually reduce levies and trade restrictions for critical minerals.
The imposition of new duties on imported steel and aluminum products makes domestic manufacturers such as Cleveland-Cliffs Inc. (NYSE:CLF) more appealing to investors as it may bolster demand for their products, support competitive pricing for locally-produced goods, and further reduce competition with international producers.
Cleveland-Cliffs Inc. (NYSE:CLF) is a US-based steel and iron ore manufacturer based in Cleveland, Ohio.
6. Recursion Pharmaceuticals, Inc. (NASDAQ:RXRX)
Recursion Pharmaceuticals jumped by 31.3 percent week-on-week following the unveiling of Boltz-2, touted as the next-generation AI model to predict binding affinity.
According to Recursion Pharmaceuticals, Inc. (NASDAQ:RXRX), the new model is powered by its NVIDIA supercomputer for its training and validation, and represents the next step beyond existing biomolecular structure prediction models like AlphaFold3 and its predecessor, Boltz-1.
“Selecting the right molecules early is one of the most fundamental challenges in drug discovery, with implications for whether R&D programs succeed or fail,” said Recursion Pharmaceuticals, Inc. (NASDAQ:RXRX) Chief Commercial Officer Najat Khan.
“By predicting both molecular structure and binding affinity simultaneously with unprecedented speed and scale, Boltz-2 gives R&D teams a powerful tool to triage more effectively and focus resources on the most promising compounds. Collaborations like this, bridging academic innovation and industry application, play an important role in advancing the field and, ultimately, improving how we develop and deliver medicines for patients,” she added.
5. Nebius Group N.V. (NASDAQ:NBIS)
Nebius Group soared by 31.37 percent week-on-week after it successfully raised $1 billion through the issuance of convertible notes.
In a statement, Nebius Group N.V. (NASDAQ:NBIS) said that the funds will be raised in two tranches, the first of which amounts to $500,000 covering 2 percent convertible notes due 2029, while the remaining $500,000 will cover 3 percent convertible notes due 2031.
“The fresh capital we are raising now gives us more firepower to go faster, paving the way for increased revenue opportunities in 2026 and further accelerating us toward our medium-term target of mid-single-digit billions of dollars in revenue as a high-margin business, with potential upside,” said Nebius Group N.V. (NASDAQ:NBIS) founder and CEO Arkady Volozh.
“Building foundational AI infrastructure is a capital-intensive business. In addition to access to the capital markets, we are fortunate to have non-core assets and equity stakes with significant growth profiles that can be used to support the future funding requirements of our core business,” he added.
4. Venture Global, Inc. (NYSE:VG)
Venture Global grew its share prices by 31.5 percent week-on-week as investor sentiment was boosted by the commencement of construction of its $28 billion liquefied natural gas (LNG) facility in Louisiana.
Called the CP2 LNG, the facility will sit on a 1,150-acre site in Cameron Parish, and is expected to be able to export at least 20 million tons of LNG per annum.
According to the company, the new facility is also expected to generate 10,500 jobs, of which 7,500 will start during the construction, and 3,000 upon commercial operations.
It is also expected to pay more than $4 billion in local property taxes once the LNG comes into full swing.
Venture Global, Inc. (NYSE:VG) said it targets to kick off commercial operations in 2027.
The facility is expected to make Venture Global, Inc. (NYSE:VG) the largest LNG exporter in the US, and the second largest in the world.
3. First Majestic Silver Corp. (NYSE:AG)
First Majestic Silver jumped by 34 percent week-on-week as investor sentiment was boosted by the recent all-time high of silver prices, supported by its discovery of new gold-silver deposit at its Santa Elena mining in Mexico.
Last week, silver futures rose as high as $36.27 per troy ounce, notching its highest price so far since 2012 as investors sought refuge from precious metals amid the ongoing trade tensions globally.
In recent news, First Majestic Silver Corp. (NYSE:AG) discovered a new gold-silver deposit called Sto. Nino, one kilometer away from the Santa Elena mining property in Sonora, Mexico.
Additionally, it was able to raise the production of its Navidad deposit at the same site following the success of its drilling operations.
First Majestic Silver Corp. (NYSE:AG) said that the addition of Navidad and Sto. Nino raised the number of its hosted production sites to four, the others being Sta. Elena and Ermitano.
“The Santo Niño discovery marks yet another exciting milestone for the district, and the drilling shows the vein remains open for expansion in most directions. At the same time, step-out drilling at the Navidad Discovery continues to intercept exceptionally high-grade mineralization and expand the resource envelope,” said First Majestic Silver Corp. (NYSE:AG) President and CEO Keith Neumeyer.
2. AST SpaceMobile, Inc. (NASDAQ:ASTS)
AST SpaceMobile rallied by 35.19 percent in just a week of trading, as investors scrambled to ride on the growth opportunities from a potential tie-up with billionaire Jeff Bezos.
Earlier this week, speculations surfaced about a potential tie-up between AST SpaceMobile Inc. (NASDAQ:ASTS) and Blue Origin following an Instagram post by the former’s board member, Adriana Cisneros, showing herself alongside CEO Abel Avellan and Bezos, in a photo.
She also captioned: “Amazing things are happening at AST & Science + Blue Origin.”
Prior to the Instagram post, Blue Origin executives visited the AST SpaceMobile, Inc. (NASDAQ:ASTS) headquarters in Texas, with speculations that discussions may have gone beyond launch logistics to cover broader strategic and financial matters.
AST SpaceMobile, Inc. (NASDAQ:ASTS) already holds a major commercial agreement with Blue Origin for the launch of up to 45 BlueBird Block 2 satellites, with the option to add 15 more.
1. Applied Digital Corporation (NASDAQ:APLD)
Applied Digital skyrocketed by 102.9 percent in just a week of trading, with investor sentiment boosted by its $7-billion lease agreement with CoreWeave, Inc. (NASDAQ:CRWV).
Under the agreement covering two 15-year leases, Applied Digital Corporation (NASDAQ:APLD) will deliver 250 megawatts of critical IT load to host CoreWeave, Inc.’s (NASDAQ:CRWV) artificial intelligence (AI) and high-performance computing (HPC) infrastructure at its Ellendale, North Dakota data center campus.
It expects to deliver the first 100 MW of data center in the fourth quarter of the year, while the remaining 150 MW is expected to come online in the middle of 2026.
Following the news, B. Riley gave Applied Digital Corporation (NASDAQ:APLD) a “buy” recommendation and a new price target of $15, nearly double the $8 price target previously.
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