Nine stocks clocked strong double-digit gains on Thursday, bucking a lackluster performance in the broader market, thanks to stellar earnings performance and acquisition news that sparked buying appetite.

Meanwhile, only the Dow Jones finished higher among Wall Street’s three major indices, up 0.14 percent. The Nasdaq and the S&P 500 both declined by 0.46 percent and 0.01 percent, respectively.

In this article, we spotlight the top 9 performers on Thursday and break down the reasons behind their gains.

To come up with the list, we considered the stocks with a market capitalization of $2 billion and 5 million shares in trading volume.

9. Teradyne Inc. (NASDAQ:TER)

Teradyne soared to a fresh all-time high on Thursday, as investors placed bets in its stock after one of its largest customers reported a stellar earnings performance in the third quarter of its fiscal year.

In intra-day trading, Teradyne Inc. (NASDAQ:TER) surged to its highest price of $472.37 before trimming gains to end the session just up by 10.47 percent at $471.96 apiece.

Earlier in the week, its major customer, Micron Technology, announced a whopping 1,400 percent jump in its net income in the third quarter of the fiscal year ending May 28, at $28.2 billion versus $1.88 billion in the same period a year earlier.

Revenues also surged by 346 percent to $41.456 billion from $9.3 billion year-on-year.

Similarly buoying sentiment was Micron’s continued upbeat outlook for the fourth quarter ending August 2026, with revenues expected at $50 billion, plus or minus $1 billion.

Investors were expecting that Micron’s strong earnings performance and upbeat outlook would spill over to Teradyne Inc. (NASDAQ:TER) in the second and third quarters of the year.

Based on its historical earnings performance, Teradyne Inc. (NASDAQ:TER) is set to report its second-quarter earnings performance in the last week of July 2026.

8. Applied Materials Inc. (NASDAQ:AMAT)

Applied Materials climbed to a new all-time high on Thursday, as investors cheered its launch of a lineup of chipmaking equipment aimed to support the development of artificial intelligence.

In intra-day trading, the stock jumped to its highest price of $669.22 before paring gains to end the session just up by 13.42 percent at $668 apiece.

In a statement on the same day, Applied Materials Inc. (NASDAQ:AMAT) introduced the enhanced Centura Prime Epi system aimed to increase drive current and transistor efficiency, enabling faster, more power-efficient DRAM operation essential for the bandwidth demands of high-bandwidth memory and next-generation double data rate.

Additionally, Applied Materials Inc. (NASDAQ:AMAT) introduced three new systems targeting the most critical advanced packaging process steps—one which could monitor wafer conditions during polish and dynamically adjust in real time, one which could ensure the TSVs and microbumps are leveled across the entire wafer, and one that can improve the mechanical stability of ultra-thin DRAM dies by depositing stress-balanced dielectric films around TSVs, enabling reliable stacking of 12, 16, and future high-layer-count HBM designs.

Lastly, Applied Materials Inc. (NASDAQ:AMAT) launched new eBeam systems specifically designed for advanced packaging—both engineered to handle a wide range of substrate geometries and materials.

“Advanced packaging has become a primary driver of system-level performance, and the complexity of next-generation 3D architectures demands new levels of precision across every process step,” said Prabu Raja, president of the semiconductor products group for Applied Materials.

“Applied’s leadership in dielectric CVD, ECD, and CMP—combined with deep process integration expertise—gives customers the tools they need to scale 3D stacks reliably and at yield,” he noted.

7. Sellas Life Sciences Group Inc. (NASDAQ:SLS)

Sellas Life Sciences extended its winning streak to a 6th straight session on Thursday, climbing 14.83 percent to end at $10.53 apiece, following a regulatory filing that hinted at a potential acquisition.

In a disclosure, Sellas Life Sciences Group Inc. (NASDAQ:SLS) announced that it made changes to its employment and severance agreements with three of its executive members, namely President and CEO Angelos Stergiou, Chief Finance Officer John Burns, and Chief Development Officer Dragan Cicic, under which they would receive lump sum payment benefits in case of a “change of control.”

Burns and Cicic are set to receive lump sum payments equal to 15 months of their base salary, target bonus for the year of termination, and immediate vesting of unvested shares, among others, in case they are terminated by new company owners.

Investors believed the amendments were in preparation for a potential takeover, ahead of Sellas Life Sciences Group Inc.’s (NASDAQ:SLS) looming results of its phase 3 clinical study of its therapy candidate for acute myeloid leukemia (AML).

Last month, Sellas Life Sciences Group Inc. (NASDAQ:SLS) said that it would provide updates to the late-stage study as soon as it reaches its pre-determined 80th patient date, data from which it deemed already enough to analyze results on whether or not its Galinpepimut-S (GPS) treatment candidate made a meaningful improvement to patients versus those in the placebo group.

As of last month, the company had 78th patient deaths.

6. Micron Technology Inc. (NASDAQ:MU)

Micron Technology soared to a new all-time high on Thursday, as investors gobbled up shares after reporting a stellar earnings performance in the third quarter of fiscal year 2026.

In intra-day trading, its stock climbed to its highest price of $1,255 before trimming gains to finish the session just up by 15.81 percent at $1,213.56 apiece.

In an updated report, Micron Technology Inc. (NASDAQ:MU) said that its net income for the period soared by 1,398 percent to $28.2 billion from only $1.88 billion in the same period last year, thanks to the strong demand from the artificial intelligence sector.

Revenues also increased by 346 percent to $41.456 billion from $9.301 billion year-on-year.

“Micron’s record fiscal Q3 financial results and even stronger outlook for Q4 reflect the strategic value of memory in the AI era,” Micron Technology Inc. (NASDAQ:MU) Chairman, President, and CEO Sanjay Mehrotra said.

“Micron is investing at record levels in technology, products, and supply to address our customers’ rapidly growing demand. We believe our multi-year Strategic Customer Agreements will significantly enhance the durability and predictability of Micron’s strong financial performance,” he noted.

Following the results, Micron Technology Inc. (NASDAQ:MU) posted a highly optimistic outlook for the fourth quarter ending August 2026, with revenues expected at a midpoint of $50 billion, plus or minus $1 billion.

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