Last week saw a generally cautious market environment amid the ongoing geopolitical tensions between Israel and Iran, pushing Wall Street’s main indices to new week-on-week losses.

The S&P 500 led the decline with a 1.03 percent drop, followed by the Dow Jones with a 0.76 percent decline, and the Nasdaq, which fell 0.71 percent.

However, 10 companies continued to stand strong, booking whopping double-digit gains, thanks to company-specific developments that sparked buying appetite.

In this list, let us explore last week’s 10 top-performing stocks alongside the reasons behind their gains.

To compile the list, we considered only stocks with a market capitalization of at least $2 billion and a trading volume of over 5 million shares.

The list was based on their closing prices on June 13 and 20, 2025.

10. AST SpaceMobile Inc. (NASDAQ:ASTS)

AST SpaceMobile rallied by 19.7 percent week-on-week, from $38.37 to $45.94, after bagging a deal with Vodafone Idea to expand mobile connectivity across India’s unconnected regions.

In a statement, AST SpaceMobile and Vodafone Idea are set to develop a SpaceMobile Satellite System that will expand the latter’s telecom services, such as voice, video, data streaming, and internet access.

The partnership will also cover the development and management of the satellite constellation, while Vodafone Idea will oversee terrestrial network integration, operating spectrum, and market access.

“[Vodafone Idea] has always been committed to leveraging technology to connect every Indian and we see satellite communication as a complement to terrestrial connectivity. As satellite-based mobile access becomes a reality in India, we are looking forward to ushering in a new era of seamless and resilient connectivity,” said Avneesh Khosl,a Chief Marketing Officer.

9. QXO, Inc. (NYSE:QXO)

QXO saw its share prices jump by 21 percent to end Friday’s trading at $23.79 versus the $19.66 a week earlier, with investor sentiment bolstered by its proposed acquisition of building products distributor GMS Inc. (NYSE:GMS) for $5 billion.

In a statement late last week, QXO, Inc. (NYSE:QXO) said it sent a proposal to GMS Inc.’s (NYSE:GMS) president and CEO to acquire all of the latter’s outstanding shares at a price of $95.20 for a total of $5 billion.

The amount represents a 27-percent premium over GMS Inc.’s (NYSE:GMS) 60-day volume-weighted average price of $74.82.

Brad Jacob, chairman and CEO of QXO, Inc. (NYSE:QXO), said that its all-cash proposal will deliver immediate and certain value to GMS shareholders at a meaningful premium.

“We believe this is a compelling opportunity for GMS investors to realize the full value of their shares in a single, decisive transaction,” he noted.

QXO, Inc. (NYSE:QXO) tapped Goldman Sachs & Co. LLC and Morgan Stanley & Co. LLC as its financial advisors, while Paul, Weiss, Rifkind, Wharton & Garrison LLP will act as its legal counsel.

8. MP Materials Corp. (NYSE:MP)

MP Materials surged by 23.5 percent week-on-week, ending Friday’s trading at $37.74 versus the $30.55 apiece on June 13, as investor sentiment was buoyed by growth opportunities expectations amid the limited supply of rare earth minerals globally.

In recent weeks, rare earths took center stage amid calls from automakers and semiconductor companies for China to loosen up rare earth exports, saying that it has significantly impacted production operations.

Despite China’s promise to ease up, experts feared that global supply cuts would continue to be an ever-present threat.

MP Materials Corp. (NYSE:MP), on the other hand, could take advantage of the limited global supply, as industries look to other suppliers to support production operations.

MP Materials Corp. (NYSE:MP) is the only rare earths mining company in the US. During the peak of the US and China’s trade war earlier this year, the company halted shipping operations to China to avoid hefty tariffs on its goods.

7. CoreWeave, Inc. (NASDAQ:CRWV)

CoreWeave grew its share prices by 24.7 percent week-on-week, finishing at $183.58 on Friday versus the $147.19 close on June 13, as investors continued to load up positions amid rosy growth prospects.

On Friday alone, CoreWeave, Inc. (NASDAQ:CRWV) hit a new all-time high of $187, before paring gains to close the day slightly lower, as investors flocked to stocks riding the Artificial Intelligence boom amid the ongoing geopolitical tensions.

In recent news, CoreWeave, Inc. (NASDAQ:CRWV)announced a record-breaking performance from using 2,496 of Nvidia Corp.’s latest Grace Blackwell Chips on its AI-optimized cloud platform, making its submission the largest-ever benchmarked under MLPerf.

In March this year, CoreWeave, Inc. (NASDAQ:CRWV) bagged an $11.9-billion deal with OpenAI, welcoming the latter as a new investor with the sale of $350 million CRWV stocks.

Last month, CoreWeave, Inc. (NASDAQ:CRWV) also bagged multi-billion-dollar worth of contracts, including the $4-billion upsized deal with OpenAI, as well as with Aston Martin Aramco, where it will serve as the latter’s official AI cloud computing partner, providing AI-accelerated engineering opportunities to support car design efficiency.

6. Coinbase Global, Inc. (NASDAQ:COIN)

Coinbase Global rallied by 27 percent week-on-week, capping off Friday at $308.38 versus the $242.71 on June 13, as investors gobbled up shares following the passage of the Stablecoin bill and plans to incorporate stock trading into its operations.

Last week, Coinbase Global, Inc. (NASDAQ:COIN) sought the approval of the Securities and Exchange Commission to allow stock trading through its blockchain technology. If approved, it would directly compete with Robinhood Markets Inc. (NASDAQ:HOOD) and Charles Schwab Corp. (NYSE:SCHW) in offering stock trading services.

According to Coinbase Global, Inc. (NASDAQ:COIN), the new initiative will be “a huge priority,” enabling it to diversify beyond cryptocurrencies.

Tokenizing equities is a process in which shares of a company are converted into a digital token, similar to how cryptocurrencies are traded. Instead of holding the securities directly, investors hold tokens that represent ownership of the securities.

Meanwhile, senators have officially approved the GENIUS Act bill, which seeks to establish a regulatory framework for the use of Stablecoin. If passed into law, the bill would push the wider use of cryptocurrency in the markets and would directly compete with traditional payments providers such as Mastercard and Visa.

5. GMS Inc. (NYSE:GMS)

GMS Inc. (NYSE:GMS) jumped by 31.88 percent week-on-week to finish at $100.27 versus the $76.03 on June 13, as investors snapped up shares following news that it was being targeted for acquisition by two home building giants.

Last week, GMS Inc. (NYSE:GMS) confirmed receipt of QXO Inc.’s (NYSE:QXO) offer to acquire the company, saying that it will review the bid and make a decision that aligns with the best interests of the company and its shareholders.

Meanwhile, The Wall Street Journal reported that Home Depot also offered to acquire GMS Inc. (NYSE:GMS), making it the second firm to bid for GMS Inc. (NYSE:GMS) and engage in a bidding war with QXO Inc. (NYSE:QXO). Home Depot, however, declined to comment on the acquisition reports.

Founded in 1971, GMS operates a network of more than 320 distribution centers and operates nearly 100 tool sales, rental, and service centers across the United States and Canada.

4. EchoStar Corporation (NASDAQ:SATS)

EchoStar Corp. rallied by 49 percent week-on-week to finish at $25.12 on Friday versus $16.84 on June 13 as investors cheered President Donald Trump’s intervention in its ongoing battle with the Federal Communications Commission (FCC).

Earlier last week, Trump told EchoStar Corporation (NASDAQ:SATS) and the FCC to reach a deal over the fate of the former’s wireless spectrum licenses, following the FCC’s notification to the company last month that it initiated an investigation to look into its compliance obligations to provide 5G services in the US.

Amid the ongoing probe, EchoStar Corporation (NASDAQ:SATS) announced that it intentionally did not settle $326 million of interest payments for one of its senior notes, saying that its battle with the FCC froze its ability to make decisions.

Trump’s intervention sparked hopes among investors about EchoStar Corporation’s (NASDAQ:SATS) business continuation, tapering off fears of a potential bankruptcy.

3. TMC the metals company Inc. (NASDAQ:TMC)

TMC rallied by 51 percent week-on-week, ending Friday’s trading at $6.56 versus the $4.34 on June 13, after raising $85.2 million in fresh funds from a new investor.

In a statement earlier last week, TMC the metals company Inc. (NASDAQ:TMC) said that it entered into a strategic agreement with South Korea-based Korea Zinc—a non-ferrous metal refining and precursor Cathode Active Material (pCAM) technology company—for the acquisition of 19.6 million TMC common shares at a price of $4.34 apiece.

Part of the agreement also allows Korea Zinc to hold a three-year warrant to purchase 6.9 million common shares with an exercise price per share of $7 apiece.

Upon closing, Korea Zinc will become one of TMC’s largest shareholders with ownership of approximately 5 percent of its outstanding common shares. The transaction is expected to close on June 26, 2025.

Korea Zinc is currently evaluating a bulk sample of nodule material supplied by The Metals Company USA, LLC (TMC USA) under an existing LOI, with its research and development team to validate intermediate processing and refining pathways and potential synergies through vertical integration.

2. Oscar Health, Inc. (NYSE:OSCR)

Oscar Health jumped by 52 percent week-on-week, finishing at $21.22 versus the $13.95 on June 13, with analysts naming it a meme stock amid the lack of clear catalysts to boost buying appetite.

Last week’s shortened trading saw Oscar Health, Inc. (NYSE:OSCR) trade higher for four consecutive days, reflecting strong investor confidence amid macroeconomic uncertainties.

Additionally, sentiment may have been supported by a new proposal for the Medicare Advantage, called “Part E,” that would allow individuals and employers to enroll voluntarily.

While this would heighten competition with private insurers, the voluntary enrollment could potentially delay or prevent Medicare’s sooner-than-expected insolvency, and indirectly benefit Oscar Health, Inc. (NYSE:OSCR) and other private insurers.

1. Circle Internet Group (NYSE:CRCL)

Circle Internet skyrocketed by 80 percent week-on-week, closing at $240.28 versus the $133.56 on June 13, with investor sentiment bolstered by a flurry of catalysts, including a “buy” recommendation and growth opportunities from the Senate’s passage of the Stablecoin bill.

On Friday, Circle Internet Group (NYSE:CRCL) earned its first “buy” recommendation from Seaport Global following the Senate’s passage of a legislation that would allow the wider usage of Stablecoin.

Earlier last week, Circle Internet Group’s (NYSE:CRCL) announced that its USDC Stablecoin is being adopted by retail giants Amazon and Walmart, as well as e-commerce operator Shopify, which began rolling out its feature enabling merchants to accept the digital currency for payments and order fulfillment flows.

Circle Internet Group (NYSE:CRCL) also said that it partnered with blockchain firm Ripple to bring USDC Stablecoin to the latter’s XRP Ledger blockchain, as well as with digital identity company World for the addition of USDC and CCTP V2 (Cross-Chain Transfer Protocol) on World Chain.

READ NEXT: 20 Best AI Stocks To Buy Now and 30 Best Stocks to Buy Now According to Billionaires.

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 below.