These 10 Stocks Exploded by Double Digits Today

Ten companies kicked off the week leading Monday’s charge with double-digit gains, with investor optimism primarily driven by the European Union’s willingness to fast-track trade negotiations with the US.

The rally mirrored gains from Wall Street’s main indices, with the tech-heavy Nasdaq up the most by 2.47 percent. The S&P 500 rallied by 2.05 percent, while the Dow Jones grew 1.78 percent.

In this article, let us take a look at the 10 best-performing companies and explore the reasons behind their strong performance. To come up with the list, we considered only the stocks with a $2 billion market capitalization and $5 million in trading volume.

10. MARA Holdings Inc. (NASDAQ:MARA)

MARA Holdings snapped a four-day losing streak on Tuesday, jumping 11.61 percent to end at $16.44 apiece as investors cheered its Bitcoin revenue hitting a new all-time high on the back of the cryptocurrency’s record price.

In a regulatory filing on Monday, MARA Holdings Inc. (NASDAQ:MARA) said it exceeded $752 million in revenues, making it the most profitable day in the company’s history.

MARA Holdings Inc.’s (NASDAQ:MARA) rally followed Bitcoin’s record high of $112,000 apiece on May 22, with analysts pointing to the easing trade tensions between the US and China as having buoyed sentiment.

In the first quarter of the year, MARA Holdings Inc. (NASDAQ:MARA) swung to a net loss of $533 million from a net income attributable to shareholders of $337 million in the same period last year. Revenues increased by 30 percent to $214 million from $166 million year-on-year.

9. VF Corporation (NYSE:VFC)

VF Corporation saw its share prices increase by 12.92 percent on Tuesday to close at $13.55 apiece, with the rally helped buoyed by its executives’ significant stake increases in the company.

Chief Executive Officer Bracken Darrell, for his part, acquired more than $1 million worth of shares, covering 85,840 shares at a price of $11.73 apiece.

Meanwhile, Chief Operating Officer Abhishek Dalmia, alongside another director, collectively purchased 100,000 shares in the company.

In the fourth quarter of fiscal year 2025, VF Corporation (NYSE:VFC) narrowed its net loss by 64 percent to $151 million from $418 million registered in the same period last year. Revenues, however, dipped by 4.6 percent to $2.143 billion from $2.247 billion year-on-year.

The company also declared a cash dividend of $0.09 per share, payable on June 18 to shareholders as of June 10.

8. Rocket Lab USA, Inc. (NASDAQ:RKLB)

Rocket Lab saw its share prices jump by 13.14 percent on Tuesday to close at $28.76 apiece following news that it was entering the payload market business through the acquisition of Geost, LLC’s parent company for $275 million.

In a statement, Rocket Lab USA, Inc. (NASDAQ:RKLB) said it entered into a definitive agreement with Lightridge Solutions, a portfolio company of ATL Partners, for the acquisition of Geost’s parent company for a mix of cash and privately placed shares.

According to Rocket Lab USA, Inc. (NASDAQ:RKLB), it will pay Lightridge Solutions some $125 million in cash and $150 million in RKLB shares, on top of an additional $50 million payout tied to revenue targets.

The acquisition marks Rocket Lab’s formal entry into the satellite payload segment, strengthening its position as a provider of end-to-end national security space solutions. The acquisition is expected to close in the second half of 2025.

7. Wayfair Inc. (NYSE:W)

Wayfair Inc. snapped a five-day losing streak on Tuesday, rallying 13.37 percent to end at $41.04 apiece as investors resorted to bargain-hunting to take advantage of the recent price drop.

In recent news, Wayfair Inc. (NYSE:W) announced plans to expand in Yonkers, New York, through the development of a large-format retail store at Ridge Hill. It is targeted to open in early 2027.

The development followed the announcement of another retail store in Atlanta, which is slated to open in 2026, as well as the recent opening of its first large-format retail store in Wilmette, Illinois.

Wayfair Inc.’s (NYSE:W) brick-and-mortar expansion plans reflect the company’s business optimism despite the ongoing trade tensions between the US and China, where it sources a huge chunk of its supplies.

In the first quarter of the year, Wayfair Inc. (NYSE:W) was able to narrow its net loss by 54 percent to $113 million from $248 million year-on-year. Net revenues, on the other hand, were flat at $2.73 billion.

6. Hologic, Inc. (NASDAQ:HOLX)

Hologic ended a three-day losing streak on Tuesday, jumping 14.54 percent to finish at $62.17 apiece following news that it is being targeted for acquisition for $16 billion.

A report by Financial Times on Tuesday said that private equity firms TPG and Blackstone made an approach to acquire Hologic, Inc. (NASDAQ:HOLX). However, the latter was said to have rejected the non-binding offer.

If talks resume, the proposed deal would value Hologic, Inc. (NASDAQ:HOLX) between $70 and $72, a significant premium to its $62.17 closing price on Tuesday.

In the second quarter of fiscal year 2025, Hologic, Inc. (NASDAQ:HOLX) swung to a net loss of $17.4 million from a $169.9 million net income in the same period last year.

Revenues dipped by 1 percent to $1.005 billion from $1.017 billion year-on-year.

In the six-month period alone, net income dropped by 56 percent to $183.6 million from $416.4 million, while revenues ended flat at $2.03 billion.

5. SoundHound AI, Inc. (NASDAQ:SOUN)

SoundHound AI grew its share prices by 16.08 percent on Tuesday—a third consecutive day—to finish at $11.12 apiece as investors cheered the company’s optimistic rating from an investment firm.

On Tuesday, Piper Sandler initiated coverage on SoundHound AI, Inc. (NASDAQ:SOUN), giving it an “overweight” rating and a price target of $12.

According to the investment firm, SoundHound AI, Inc.’s (NASDAQ:SOUN) ASR and NLP architecture offer a competitive advantage in delivering dynamic and real-time conversational AI experiences.

Additionally, Piper Sandler gave an optimistic view on SoundHound AI, Inc.’s (NASDAQ:SOUN) Amelia, saying that it sees a $30-billion addressable market by 2027.

Lastly, Piper Sandler is optimistic about SoundHound AI, Inc.’s (NASDAQ:SOUN) transition to a subscription-based model, saying that subscription and over-time revenues are expected to contribute 90 percent of total revenues by 2027, or up by 4 percent from two years ago.

4. NuScale Power Corporation (NYSE:SMR)

NuScale Power rallied for a second day on Tuesday, jumping 17.46 percent to close at $35.52 apiece as investors gobbled up shares following President Donald Trump’s executive orders to ramp up the development of nuclear power technologies in the US.

In particular, NuScale Power Corporation (NYSE:SMR) earned a boost from an order deploying advanced nuclear reactor technologies, which the latter is heavily investing in.

A copy of the order said that the deployment will support the government’s national security objectives, such as the protection and operation of critical infrastructure, critical defense facilities, and other mission capability resources, as well as enable private sector investment, innovation, development, and use of nuclear technologies across the US.

In the first quarter of the year, NuScale Power Corporation (NYSE:SMR) increased its revenues by 857 percent to $13.4 million from $1.4 million in the same period last year on the back of revenues generated from the FEED Phase 2 project and the Technology License Agreement for the RoPower Doicești power plant.

3. WeRide Inc. (NASDAQ:WRD)

WeRide Inc. jumped by 18.22 percent on Tuesday to end at $10.77 apiece following its official expansion into Saudi Arabia with the deployment of its autonomous driving vehicles into the said country.

In a statement, WeRide Inc. (NASDAQ:WRD) said it deployed robotaxis and robobus in Riyadh and AlUla as part of its preparation works for its upcoming robotaxi operations under the Uber app.

WeRide Inc. (NASDAQ:WRD) said it is set to launch on Uber over the next few months, with full commercial operations in late 2025.

Additionally, the expansion supports Saudi Arabia’s Vision 2030 ambitions to build smart, sustainable cities by enhancing road safety, traffic management, and introducing innovative mobility solutions.

Earlier this month, WeRide Inc. (NASDAQ:WRD) fully launched driverless Robotaxi testing in Abu Dhabi—the first deployment of its kind in the region. It will also be extending its Robotaxi service coverage to Al Maryah and Al Reem Islands.

2. CoreWeave, Inc. (NASDAQ:CRWV)

CoreWeave Inc. surged by 20.66 percent on Tuesday to end at $123.97 apiece as investors cheered the appointment of a new executive to handle government affairs.

According to the company, it appointed Carl Holshouser as Vice President for Government Affairs, who has two decades of track record in government and public affairs.

In his new role, he is expected to spearhead CoreWeave, Inc.’s (NASDAQ:CRWV) efforts in shaping public policies at the federal and state levels.

Holshouser also boasts achievements in advocacy on artificial intelligence, privacy, trade, cybersecurity, and semiconductors, among others.

Additionally, CoreWeave, Inc. (NASDAQ:CRWV) appeared to have benefited from news that a clutch of Nvidia suppliers have faced technical challenges that delayed shipments of its AI data center racks, which in turn, negatively affected production of its Blackwell AI servers.

In contrast, CoreWeave, Inc. (NASDAQ:CRWV) hosts such servers in its platform.

1. Pony AI Inc. (NASDAQ:PONY)

Pony AI soared by 22.63 percent on Tuesday to finish at $21.35 apiece following news that it partnered with Dubai’s Roads and Transport Authority (RTA) to deploy its advanced robotaxi fleet in the region.

Pony AI Inc. (NASDAQ:PONY) said the partnership supports Dubai’s 2030 Smart City Vision, which targets to transition 25 percent of its transportation to autonomous mode by 2030.

According to the company, initial supervised trials are set to launch in 2025, followed by fully driverless operations in 2026.

Additionally, Pony AI Inc. (NASDAQ:PONY) plans to start mass production and deployment of its seventh-generation robotaxis in the second half of 2025, as well as ramp up its robotaxi fleet globally to thousands of vehicles within the next two years.

The company also said that it collaborated with industry leaders such as Toyota, GAC Motor, and BAIC Motor to develop its seventh-generation robotaxis.

While we acknowledge the potential of PONY, 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 PONY and that has 10,000x upside potential, check out our report about this cheapest AI stock.

READ NEXT: 20 Best AI Stocks To Buy Now and 30 Best Stocks to Buy Now According to Billionaires.

Disclosure: None. Insider Monkey focuses on uncovering the best investment ideas of hedge funds and insiders. Please subscribe to our free daily e-newsletter to get the latest investment ideas from hedge funds’ investor letters by entering your email address below.