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AI Stocks Dominating List of Biggest Winners

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Wall Street held firm on Wednesday, with all three major indices finishing green amid renewed investor optimism about AI, buoyed by a data center operator’s stellar earnings. The tech-heavy Nasdaq jumped by 1.6 percent, followed by the S&P 500, increasing 1.31 percent. The Dow Jones jumped by 0.49 percent.

Meanwhile, 10 stocks, led by AI-related firms, surged double digits during the session. In this article, we identify their names and detail the reasons behind their gains.

To come up with the list, we focused exclusively on the stocks with more than $1 billion in market capitalization and 5 million shares in trading volume.

The New York Stock Exchange building. Photo by Дмитрий Трепольский on Pexels

10. Bloom Energy Corp. (NYSE:BE)

Bloom Energy saw its share price increase by 12.99 percent on Wednesday to close at $209.5 apiece, as investor sentiment was bolstered by one of its customers’ strong earnings performance in the third quarter of the year, helping allay fears about the sustainability of artificial intelligence buildout.

In its updated report, data center operator CoreWeave Inc. said that revenues for the third quarter of the year climbed by 168 percent to $3.66 billion from only $1.36 billion in the same period last year, on the back of customer wins across AI labs, hyperscalers, and enterprises, namely Canva, Mirendil, Parallel Web Systems, Serve Robotics, Substack, and Wayve, among others. As of the end of September, its revenue backlog stood at $132.5 billion.

Having been its partner since July 2024, CoreWeave’s latest results offer further proof that AI infrastructure spending remains strong, potentially translating into sustained demand for Bloom Energy Corp.’s (NYSE:BE) fuel cell systems as data center operators expand their computing capacity.

In the third quarter of the year, Bloom Energy Corp. said that it swung to a net income of $250.27 million in the third quarter of the year from a $23.09 million net loss in the third quarter of 2025. Revenues increased by 138 percent to $1.236 billion from only $519 million year-on-year.

Bloom and CoreWeave’s partnership dates back to July 2024, when they joined forces for the deployment of proprietary fuel cells to generate on-site power at a high-performance data center in Volo, Illinois.

9. Sandisk Corp. (NASDAQ:SNDK)

Sandisk saw its share price climb by 13.69 percent on Wednesday to end at $977.69 apiece, after an analyst reiterated its bullish rating and a price target with an over 150 percent upside potential.

In its market note, investment firm Evercore ISI reiterated its outperform rating and $2,500 price target for Sandisk Corp. (NASDAQ:SNDK), marking a 156 percent upside potential from its latest closing price, arguing that data center demand remained robust, with customers asking for more supply for AI systems to be deployed.

Additionally, it believed that investors were underestimating structural changes to the memory maker’s business, saying that they were “overly focused on how long NAND pricing can stay elevated rather than appreciating the structural changes to SNDK’s model.”

Management is said to be on a different strategy, in which suppliers manage output to match demand rather than simply maximizing production.

Price increases, it noted, have now lasted for six quarters, versus only two historically.

“[New business models]  + supply discipline should support more durable profitability, while AI demand + [high bandwidth flash] provide incremental growth opportunities,” Evercore ISI said.

In other news, Sandisk Corp. late last month reported a strong earnings performance in the first quarter of fiscal year 2027, with net income soaring 7,133 percent to $8.1 billion from $112 million in the same period last year, thanks to strong demand for its NAND products.

Revenues soared by 378 percent to $11.03 billion from $2.3 billion year-on-year.

8. Nebius Group NV (NASDAQ:NBIS)

Nebius Group saw its share price increase by 15.44 percent on Wednesday to close at $154.69 apiece, amid renewed optimism for data center stocks, thanks to the strong performance of one of its peers, while investors positioned portfolios ahead of its own earnings results.

The Amsterdam-based AI infrastructure and cloud platform company is set to release its financial and operating highlights for the third quarter of the year before market open tomorrow, November 12. A conference call will be held for the discussion of results.

Analysts were expecting Nebius Group NV (NASDAQ:NBIS) to book $901 million in revenues for the said period, or a 517 percent jump from only $146.1 million in the same period in 2025.

Prior to its release, the listed firm’s counterpart, CoreWeave Inc. already provided cues about what to expect for the wider industry in the third quarter of the year.

According to CoreWeave, revenues for the third quarter of the year climbed by 168 percent to $3.66 billion from only $1.36 billion in the same period last year, on the back of customer wins across AI labs, hyperscalers, and enterprises, namely Canva, Mirendil, Parallel Web Systems, Serve Robotics, Substack, and Wayve, among others. As of the end of September, its revenue backlog stood at $132.5 billion.

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