In this article, we will look at the 5 Stocks Heating Up Amid Market Panic. For a deeper discussion and an extended list, please see 10 Stocks Heating Up Amid Market Panic.

5. Lumentum Holdings Inc. (NASDAQ:LITE)

Lumentum Holdings rallied for a fourth straight day on Wednesday, climbing 7.89 percent to finish at $700.81 apiece, as investors continued to load up portfolios ahead of its official inclusion in the S&P 500 next week.

Earlier this month, Lumentum Holdings Inc. (NASDAQ:LITE) was named as the new addition to the said benchmark index effective Monday, March 23, marking a significant milestone and promotion from the S&P MidCap 400.

Typically, listed companies see a significant movement in their share prices before their official addition or removal from indices, as funds and institutional investors reposition their portfolios to mirror the composition of the index being tracked.

“Inclusion in the S&P 500 is a monumental achievement for our company and a credit to our global workforce. It reflects our vital role in helping customers build next-generation AI infrastructure,” Lumentum Holdings Inc. (NASDAQ:LITE) President and CEO Michael Hulrston said.

“By deepening our strategic partnerships and increasing capacity for advanced photonics, we continue to deliver long-term value to both our customers and shareholders,” he added.

The rally may also be partly attributed to Morgan Stanley’s 14 percent price target upgrade for the stock, albeit 15 percent lower than its latest closing price.

Morgan Stanley gave the company a new price target of $595, versus $520 previously, and maintained an “equal weight” recommendation.

4. Solaris Energy Infrastructure Inc. (NYSE:SEI)

Solaris Energy soared to a new all-time high on Wednesday, as investors gobbled up shares following its successful generation capacity expansion and a reaffirmed bullish rating for its stock.

During the intra-day session, Solaris Energy Infrastructure Inc. (NYSE:SEI) soared to its highest price of $70.17 before trimming gains to finish the day just up by 8.50 percent at $68.56 apiece.

In a market note, Stifel maintained its $71 price target and “buy” recommendation for the stock following its successful generation capacity expansion from twin acquisitions.

Earlier in the week, Solaris Energy Infrastructure Inc. (NYSE:SEI) said that it successfully acquired Genco Power Solutions, a distributed power generation firm capable of adding 400 MW of incremental power generation capacity between 2026 and 2028, inclusive of approximately 100 MW of currently operated and contracted capacity.

Last Friday, it also purchased 30 turbine delivery slots from a private party, which will provide approximately 500 MW of incremental power generation capacity between early 2027 and 2029.

The said transactions will effectively bring Solaris Energy Infrastructure Inc.’s (NYSE:SEI) total power generation capacity to 3,100 MW by the end of 2029.

“The additional scale and phased delivery of this new capacity provides immediate value to customers by delivering near-term generation that is currently unavailable from traditional supply chain channels, which accelerates time-to-power and enables our customers to quickly ramp their operations,” Solaris Energy Infrastructure Inc. (NYSE:SEI) Chairman and co-CEO Bill Zartler said.

“We are excited to deploy this additional capacity to serve both existing partners and new customers, further establishing Solaris as a trusted leader in this dynamic, high-growth market,” he noted.

3. AXT Inc. (NASDAQ:AXT)

AXT Inc. bounced back by 9.92 percent on Wednesday to finish at $48.76 apiece, as investors resorted to bargain-hunting following the previous day’s drop, while funds fled sectors seen as vulnerable to the ongoing tensions in the Middle East.

In the first few trading days of March alone, AXT Inc. (NASDAQ:AXT) has already seen its stock price soar by 39 percent, even hitting an all-time high of $52.70 on Monday.

The rally can be partly attributed to strong investor confidence for the technology industry, particularly those that will largely benefit from the rapidly growing AI.

AXT Inc. (NASDAQ:AXT) is a semiconductor company engaged in the design, development, and production of high-performance compound and single-element semiconductor substrates (wafers), including gallium arsenide (GaAs), indium phosphide (InP), and germanium (Ge), which are critical to the production of LEDs, lasers, 5G infrastructure, data center communication, and solar cells, among others.

Earlier, AXT Inc. (NASDAQ:AXT) posted an optimistic outlook about the first quarter of the year, saying that it expects to achieve sequential revenue growth amid demand growth in indium phosphide for the AI infrastructure build-out, supported by its progress in export permits, which were lacking in the fourth quarter of 2025.

2. Fastly Inc. (NASDAQ:FSLY)

Fastly soared to a new four-year high on Wednesday, as investors cheered its renewed partnership with a Dublin-based data platform company for the launch of new solutions designed to offer real-time insights and long-term visibility on a budget.

At intra-day trading, the stock climbed to its highest price of $27.59 before paring gains to finish the session just up by 11.17 percent at $26.88 apiece.

In a blog post on the same day, Fastly Inc. (NASDAQ:FSLY) said that it renewed its partnership with Bronto IO to respond to a new scale of complexity and solve problems for high-volume log streams like CDN telemetry, “where teams need real-time insight and long-term visibility without blowing the budget.”

Through BrontoScope, Fastly Inc. (NASDAQ:FSLY) customers would be able to get sub-second query performance on terabytes of CDN logs, given its capability to analyze millions of log entries and come up with a hypothesis on affected endpoints, involved servers, and what the error distribution looks like, alongside the probable causes.

It also offers next steps and related queries to continue the investigation.

Partnership aside, Fastly Inc.’s (NASDAQ:FSLY) rally can also be partly attributed to strong optimism for its security business, having found in its recent Global Security Research Report that companies integrating AI into their operations face a 135 percent higher risk of financial losses from cybersecurity threats.

The report highlighted opportunities for Fastly Inc. (NASDAQ:FSLY), especially as security services currently serve as its second-largest revenue-generator, next to network services.

In 2025 alone, security revenues jumped by 21 percent to $125.1 million. In the fourth quarter, security revenues surged by 32 percent to $35.4 million.

1. Venture Global Inc. (NYSE:VG)

Venture Global rallied for a second day on Wednesday, adding 14.54 percent to close at $14.85 apiece, as investors cheered the go-signal and successful raising of $8.6 billion in fresh funds for the development of its third liquefied natural gas (LNG) project in Louisiana.

In a statement on the same day, Venture Global Inc. (NYSE:VG) said that it received as much as $19 billion in financing interest from leading banks globally—much more than what it needed—suggesting optimism for the CP2 LNG (CP2) project and strong support for its second phase of development.

Earlier, the company likewise received $34 billion worth of financing interests from the banks.

“We are extremely proud to have taken FID (financial investment decision) on the second phase of CP2, our third greenfield project, bringing Venture Global’s executed capital markets transactions to more than $95 billion,” Venture Global Inc. (NYSE:VG) CEO Mike Sabel said.

“The tireless dedication of our team has enabled us to reach five final investment decisions in less than seven years, positioning us to become the largest US exporter of LNG once CP2 is fully online. With the Phase Two financing secured, we will build on the strong construction progress already underway and deliver reliable American LNG to customers around the world,” he noted.

The CP2 will be capable of a peak production capacity of 29 MTPA, with nearly all of its nameplate capacity already sold to customers in Europe and Asia on a long-term basis.

Venture Global Inc. (NYSE:VG) said that it now has more than 49 MTPA of total contracted capacity across its three projects.

While we acknowledge the potential of VG to grow, 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 VG and that has 100x upside potential, check out our report about the cheapest AI stock.

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