In this article, we deep dive into the 5 stocks with powerful gains. For a deeper discussion and an extended list, please see 10 Stocks With Powerful Gains.
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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. (NASDAQ:TENB) 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. (NASDAQ:TENB) 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. (NASDAQ:CLSK) 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 (NYSE:CMBT) 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 (NYSE:CMBT) 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. (NYSE:RXO) Chief Strategy Officer Jared Weisfeld said.
In other news, RXO Inc. (NYSE:RXO) 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. (NASDAQ:ALAB) 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. (NASDAQ:ALAB), 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.
While we acknowledge the potential of ALAB 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 ALAB and that has 100x upside potential, check out our report about the cheapest AI stock.
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