Ten stocks soared higher on Tuesday in line with the broader market rally, as investor funds returned amid the easing geopolitical tensions between Israel and Iran.
Meanwhile, the tech-heavy Nasdaq rallied by 1.43 percent, followed by the Dow Jones with 1.19 percent, and the S&P 500 by 1.11 percent.
In this list, we highlight Tuesday’s 10 top performers and explore the reasons behind their gains. The stocks were dominated by companies riding the booming Artificial Intelligence.
To come up with the list, we considered only the stocks with at least $2 billion in market capitalization and over 5 million in trading volume.
10. Upstart Holdings, Inc. (NASDAQ:UPST)
Upstart Holdings grew for a second day on Tuesday, jumping 9.78 percent to close at $64.85 apiece following an analyst’s bullish rating on its stock.
In a market note, Piper Sandler gave Upstart Holdings, Inc. (NASDAQ:UPST) an “overweight” rating and a price target of $75, marking an upside of 15.65 percent from its latest closing price.
The coverage was based on growth optimism for Upstart Holdings, Inc.’s (NASDAQ:UPST) near-term earnings, supported by the improvement of its artificial intelligence model, which enables more accurately priced loans.
Additionally, Piper Sandler was optimistic about its long-term prospects, saying that traditional lending practices “are primed for technological disruption,” and that Upstart Holdings, Inc. (NASDAQ:UPST) was positioned well to penetrate a large total addressable market.
Upstart Holdings, Inc. (NASDAQ:UPST) is an AI-powered lending marketplace for personal loans, automotive retail and refinance loans, home equity lines of credit, and small-dollar “relief” loans. It connects millions of consumers to more than 100 banks and credit unions that leverage its AI models and cloud applications.
9. Oklo Inc. (NYSE:OKLO)
Oklo Inc. snapped a four-day losing streak on Tuesday, jumping 10.16 percent to close at $60.71 apiece as investor sentiment was spurred by a broader market optimism, coupled with news that New York is setting its sights back to nuclear.
On Tuesday, the Wall Street Journal reported that New York intends to develop a large nuclear power facility—the first in more than 15 years, in line with President Donald Trump’s aggressive nuclear adoption plan.
It can be recalled that Trump issued two executive orders last month, aiming to ramp up the expansion of the nuclear power industry in the US.
Optimism spilled over to nuclear stocks, such as Oklo Inc. (NYSE:OKLO), on expectations that more nuclear projects will bolster future growth.
In recent news, Oklo Inc. (NYSE:OKLO) bagged a deal from the US Air Force to deploy its advanced Aurora powerhouse to its military base in Alaska.
In a statement, Oklo Inc. (NYSE:OKLO) said the project serves as the Department of the Air Force’s (DAF) microreactor pilot to enhance energy resilience and reliability for critical national security infrastructure.
Under the agreement, Oklo Inc. (NYSE:OKLO) will design, construct, own, and operate the power plant at the Eielson Air Force Base in Alaska.
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