Ten stocks finished Tuesday’s trading session on a strong note, with overall optimism bolstered by expectations of improving trade relations between the United States and China.
The stocks which we have identified in this list defied a lackluster performance on Wall Street, with the tech-heavy Nasdaq the only gainer by 0.18 percent. In contrast, the Dow Jones fell by 0.98 percent while the S&P 500 declined by 0.40 percent.
Our list of 10 top performers was notably dominated by Chinese companies, particularly those that will benefit from a recent move by the US government to ease up on chip export restrictions.
To come up with the list, we considered only the stocks with at least $2 billion in market capitalization and over 5 million shares in trading volume.
10. Super Micro Computer, Inc. (NASDAQ:SMCI)
Super Micro rallied for a second day on Tuesday, adding 6.92 percent to close at $53.17 apiece as investors loaded positions following the US government’s announcement of a $92-billion investment in artificial intelligence and easing exports of chips to China.
At a summit in Pennsylvania on Tuesday, President Donald Trump announced that 20 companies pledged to ramp up investments in AI, particularly in data centers, power generation, grid upgrades, and new training programs, among others.
The news propelled stocks of companies riding the AI wave, including Super Micro Computer, Inc. (NASDAQ:SMCI), which supports the sector through its semiconductor products.
Additionally, the government’s decision to ease restrictions on chip exports to China sparked hopes of improving relations between the world’s two largest economies and could pave the way for Super Micro Computer, Inc. (NASDAQ:SMCI) to expand both in sales and manufacturing.
Based on its historical earnings reporting dates, Super Micro Computer, Inc. (NASDAQ:SMCI) is set to release in the first week of August the results of its fourth quarter and full year performance for the fiscal year 2025.
9. Bilibili Inc. (NASDAQ:BILI)
Bilibili grew its share prices by 7.35 percent on Tuesday to close at $23.96 apiece as investors took path from an investment company’s more bullish rating.
In a market note, HSBC maintained a “buy” recommendation and raised its price target for Bilibili Inc. (NASDAQ:BILI) to $25.5 from $22.5 on optimism about its restructuring of its gaming division, which the investment firm expects to enhance user engagement. The new price target marked a 6.4 percent upside from its latest closing price.
Additionally, its integration of AI into its advertising operations is projected to bolster growth prospects.
Last week, Bilibili Inc. (NASDAQ:BILI) also maintained a bullish rating from investment firm Bernstein, assigning the Chinese firm of an “outperform” rating with a price target of $28, or a 16.86-percent upside from its closing price on Tuesday.
Bernstein underscored Bilibili Inc.’s (NASDAQ:BILI) potential to grow further given its leadership position in the professional user-generated content market, which is currently in its early growth stages.
8. GDS Holdings Limited (NASDAQ:GDS)
GDS Holdings rallied by 7.77 percent on Tuesday to close at $37.72 apiece as investor sentiment was bolstered by JPMorgan’s more bullish stance on the company.
In a market note, the investment firm upgraded GDS Holdings Limited (NASDAQ:GDS) to “overweight” from “neutral” and increased its price target to $46 from $34 previously. The new figure marked a 22-percent upside from its latest closing price.
According to JPMorgan, the revision was based on growth optimism for its domestic data center operations with the resumption of H20 chip shipments to China. This, in turn, would help grow its China pipeline and bolster revenues.
Based on its historical earnings reporting dates, GDS Holdings Limited (NASDAQ:GDS) will announce the results of its second quarter financial and operating performance in the third week of August 2025.
For full year 2025, GDS Holdings Limited (NASDAQ:GDS) expects revenues to settle between 11.29 billion yuan and 11.59 billion yuan, with adjusted EBITDA of 5.19 billion yuan to 5.39 billion yuan.
7. QuantumScape Corporation (NYSE:QS)
QuantumScape extended its winning streak to a sixth consecutive day on Tuesday to hit a new all-time high as strong confidence lingered among investors ahead of its second-quarter earnings results.
At intra-day trading, QuantumScape Corporation (NYSE:QS) soared to a new 52-week high of $11.15 before paring gains to end the day just up by 7.96 percent at $10.85 each.
According to the company, it will release its second quarter financial and operating performance after market close on July 23, 2025, to be followed by a conference call at 5 PM Eastern Time. Since last week, QuantumScape Corporation (NYSE:QS) has begun soliciting questions from its shareholders that they would like to be addressed on the call.
Earlier this year, QuantumScape Corporation (NYSE:QS) announced that it was budgeting between $45 million and $75 million this year, and reiterated its adjusted EBITDA loss of $250 million to $280 million for the same period.
6. Alibaba Group Holding Limited (NYSE:BABA)
Alibaba grew its share prices for a fourth straight day on Tuesday, jumping 8.09 percent to close at $116.97 apiece, as investor sentiment was buoyed by the improving relations between China and the US amid the latter’s recent move to ease up on chip exports.
Alibaba Group Holding Limited (NYSE:BABA) traded higher alongside its Chinese counterparts after the US gave the green light for Nvidia Corp. to resume selling H20 AI chips to China.
Alibaba Group Holding Limited (NYSE:BABA)—a China-based technology company specializing in e-commerce—stands to benefit from the move, particularly through its cloud computing subsidiary Alibaba Cloud—one of the several Chinese firms that heavily relied on H20 chips.
More broadly, the US’ move signaled easing trade tensions between the two countries and sparked more confidence for Chinese firms pursuing technology investments and infrastructure expansion.
5. Baidu, Inc. (NASDAQ:BIDU)
Baidu snapped a four-day losing streak on Tuesday, jumping 8.65 percent to close at $93.30 apiece following news that it partnered with ride-hailing giant Uber Technologies Inc. to deploy the former’s Apollo Go vehicles globally.
In a statement, Baidu, Inc. (NASDAQ:BIDU) said it entered into a multi-year partnership with Uber for the deployment of Apollo Go on the latter’s platform across multiple global markets outside the US and China.
Baidu, Inc. (NASDAQ:BIDU) said the first deployments are expected to kick off in Asia and the Middle East later this year.
Upon launching, this would expand options for Uber riders and have their trip fulfilled by a fully driverless Apollo Go.
At present, Apollo Go deploys more than 1,000 fully driverless vehicles globally with its global footprint spanning 15 cities, including Dubai and Abu Dhabi.
“We are committed to bringing the benefit of autonomous driving technology to more people in more markets, and this partnership with Uber represents a major milestone in deploying our technology on a global scale,” said Baidu, Inc. (NASDAQ:BIDU) Chairman and CEO Robin Li.
“We look forward to working with Uber to deliver safe and efficient autonomous mobility solutions to riders around the world.”
4. Joby Aviation, Inc. (NYSE:JOBY)
Joby Aviation saw its share prices increase by 10.45 percent on Tuesday to close at $13.95 apiece following news that it was doubling down on its production plans through the expansion of its facility in Marina, California.
In a statement on the same day, Joby Aviation, Inc. (NYSE:JOBY) said that it is underway with the expansion of its Marina facility to 435,500 square feet. Upon completion and full operations, the site would be capable of producing 24 aircraft per year, or an average of one aircraft every other week. It will also provide key capabilities, including its initial FAA production certification, conforming ground and flight testing components, pilot training simulators, and aircraft maintenance.
The Marina facility forms part of Joby Aviation, Inc.’s (NYSE:JOBY) total of four manufacturing sites, including two in Santa Cruz, California and one in Dayton, Ohio, which is also set for expansion to accommodate the production of 500 aircraft annually.
In other news, Joby Aviation, Inc. (NYSE:JOBY)—based on its historical earnings reporting dates—is expected to release the results of its second quarter earnings performance in the first week of August 2025.
3. VNET Group, Inc. (NASDAQ:VNET)
VNET Group soared by 14.14 percent on Tuesday to end at $9.04 apiece as investors took heart from an investment firm’s rating upgrade for its stock, coupled with expectations of improving global trade.
According to the US government, it officially authorized chip giant Nvidia Corp. to resume selling its H20 chips to China, a move that not only sparked optimism for the overall technology industry but also boosted hopes for improving trade relations between the world’s two largest economies.
For its part, VNET Group, Inc. (NASDAQ:VNET)—an internet and data center provider in China—is set to benefit from the continued Artificial Intelligence growth in China, supported by the resumption of sales of highly anticipated H20 chips.
In other news, Wall Street Zen over the weekend raised its rating for VNET Group, Inc. (NASDAQ:VNET) to “hold” from “sell” previously.
Based on its historical earnings reporting dates, VNET Group, Inc. (NASDAQ:VNET) will announce the results of its second quarter earnings performance in the last week of August 2025.
2. Kingsoft Cloud Holdings Limited (NASDAQ:KC)
Kingsoft rallied for a third straight day on Tuesday, jumping 18.73 percent to close at $15.09 apiece as investors gobbled up shares following the US government’s easing of chip exports restrictions to China.
Kingsoft Cloud Holdings Limited (NASDAQ:KC) traded higher alongside its Chinese counterparts, spurring confidence that the move will improve trade relations between the US and China.
Meanwhile, reports surged that Jensen Huang, CEO of Nvidia Corp., sat down with Xiaomi and Kingsoft Cloud Holdings Limited (NASDAQ:KC) Chairman Lei Jun recently, albeit the topics discussed have not been divulged.
Additionally, reports also claimed that several Chinese internet companies and cloud service providers have been testing out and placing orders for Nvidia’s B30 chips.
Investment firm CLSA maintained an “outperform” rating on Kingsoft Cloud Holdings Limited (NASDAQ:KC) with a price target of $17 apiece, or a 12.6-percent upside from its latest closing price.
1. MP Materials Corp. (NYSE:MP)
MP Materials rallied for a second day on Tuesday to hit a new all-time high after clinching a $500-million deal with technology giant Apple Inc.
At intra-day trading, MP Materials Corp. (NYSE:MP) soared to a new 52-week high of $62.87 before paring gains to end the day at $58.22 apiece, or 20 percent higher than the previous day’s close.
In a statement on the same day, Apple pledged to purchase US-made rare earth magnets developed at MP Materials Corp.’s (NYSE:MP) flagship Independence facility in Fort Worth, Texas, and that it would work with MP Materials Corp. (NYSE:MP) to build out the state-of-the-art Texas factory with a series of neodymium magnet manufacturing lines specifically designed for Apple products.
The new equipment and technical capacity will allow MP Materials to significantly boost its overall production.
Once built, the produced magnets will be shipped across the country and all over the world.
Apple said the partnership forms part of its $500-billion expansion plan in the US over the next four years.
While we acknowledge the potential of MP 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 MP and that has 100x upside potential, check out our report about this cheapest AI stock.
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