Wall Street’s three major indices finished in the green territory on Wednesday as investors continued to digest news of President Donald Trump’s tariff rollout on imports.
The tech-heavy Nasdaq finished the day strongest, adding 0.87 percent. The S&P 500 grew 0.67 percent, while the Dow Jones was up 0.56 percent.
Ten individual stocks mirrored a broader market optimism, closing the day in the green amid a series of corporate developments that sparked buying appetite.
In this article, we named Wednesday’s top performers and detailed the reasons behind their gains.
Source: Pexels
To come up with the list, we considered only the stocks with a $2-billion market capitalization and $5 million in trading volume.
10. Nebius Group N.V. (NASDAQ:NBIS)
Nebius Group rallied for a second day on Wednesday, adding 7.76 percent to close at $24.45 apiece as investors resorted to bargain-hunting amid a 25-percent drop in last month’s valuation.
In recent news, NBIS announced developments to boost the adoption and support of Artificial Intelligence, including a tie-up with the Stevens Institute of Technology for the launch of the Laboratory for AI in Mathematics Education at Stevens in Hoboken, New Jersey.
With the aim of exploring and promoting innovative AI uses in math research and education, NBIS said the new laboratory will investigate how large language models (LLMs) and other AI technologies can be used to promote mathematical reasoning skills and transform teaching practices.
Additionally, the company announced its role as an early adopter cloud provider of the NVIDIA Blackwell Ultra platform offering NVIDIA GB300 NVL72-powered instances by the end of 2025. The instances were said to be accelerated by 72 NVIDIA Blackwell Ultra GPUs.
NBIS said it plans to make NVIDIA Blackwell GPU capacity generally available to its US data centers by the second quarter of the year, with its New Jersey data center expected to be exclusive to the platform’s GPUs. Meanwhile, its facility in Kansas will deploy NVIDIA HGX B2000.
9. Cleveland-Cliffs Inc. (NYSE:CLF)
Cleveland-Cliffs snapped a three-day losing streak on Wednesday, jumping 7.78 percent to finish at $8.73 apiece as investors resorted to safe haven stocks amid the ongoing trade tensions globally.
As a stalwart import tariff supporter, CLF CEO Lourenco Goncalves earlier said that President Donald Trump’s imposition of tariffs on imports can make a “long-term positive impact” in making “America a manufacturing superpower once again.”
His statement sparked hopes for CLF, a US-based steel company, as widening the import taxes to all countries could further lead to lower competition for US steelmakers, such as CLF, and make prices cheaper to consumers.
In a recent speech to CLF employees, Goncalves discussed the importance of domestic steel operations, underscoring how 120 vehicles, including those from General Motors and Toyota, use significant amounts of CLF steel.
“This idea that we can just ship our industrial base overseas, have China make our steel, have Japan make our cars, have Mexico make other products, and we’re just going to be a consumer society. Does that make any sense to any of you?” Goncalves underscored.
Hedge Fund Resource Center