These 10 Companies are in Beast Mode

Ten stocks boasted whopping gains on Wednesday, dominated by technology companies, as investor funds flocked to AI shares on stronger optimism for the industry.

In contrast, the Dow Jones and the S&P 500 lagged performance, ending down 0.25 percent and flat, respectively. The tech-heavy Nasdaq was the sole gainer, rising 0.31 percent.

In this list, we name Wednesday’s 10 top performers and detail the reasons behind their gains.

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. NVIDIA Corporation (NASDAQ:NVDA)

NVIDIA Corp. saw its share prices rally to a new all-time high on Wednesday after earning a whopping $250 price target from an investment firm.

At intraday trading, NVIDIA Corporation (NASDAQ:NVDA) jumped to its highest price of $154.45 before paring gains to end the day at $154.31 after Loop Capital raised its price target by 47 percent to $250 from $170 previously, while maintaining a “buy” recommendation on its stock.

According to Loop Capital, the “math just works” for NVIDIA Corporation (NASDAQ:NVDA), adding that the market is entering the next golden wave of generative AI.

Additionally, growth prospects are further supported by an expected higher spending on generative AI by hyperscalers, namely Amazon, Microsoft, and Google, which could hit $2 trillion by 2028.

If NVIDIA Corporation (NASDAQ:NVDA) maintains its leadership in supplying AI chips and systems, Loop Capital expects the company to nearly double its market capitalization to $6 trillion from $3.6 trillion currently.

9. CleanSpark, Inc. (NASDAQ:CLSK)

CleanSpark grew its share prices for a second day on Wednesday, jumping 5.58 percent to close at $10.6 apiece after maintaining a “buy” recommendation on its stock, buoyed by a significant milestone in its Bitcoin production.

On Tuesday, CleanSpark, Inc. (NASDAQ:CLSK) announced that it achieved its mid-year target of 50 exahashes per second (EH/s) of operational hashrate, becoming one of the few mining companies to reach such a threshold.

According to CleanSpark, Inc. (NASDAQ:CLSK) President and CEO Zach Bradford, the achievement “reflects years of focused strategy, disciplined execution, and a relentless commitment to doing things the right way.”

Following the news, HC Wainwright maintained CleanSpark, Inc. (NASDAQ:CLSK) as its “top pick” in the Bitcoin mining sector in 2025, citing expectations for more bullish estimate revisions, higher Bitcoin prices in the remainder of the year, and multiple expansion on its stock, especially with its price currently at a 35-percent discount compared with companies with the same market capitalization.