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.
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