10 Stocks Shine Brighter Than Wall Street

1. Dayforce Inc. (NYSE:DAY)

Dayforce surged by 25.98 percent on Monday to finish at $66.62 apiece as investors gobbled up shares following reports that it was set to be acquired by private equity firm Thoma Bravo for $9.9 billion.

According to a report by Reuters, citing sources privy to the matter, a deal could be announced as early as this week or possibly next week. Meanwhile, Bloomberg said that the deal could still be delayed or fall through.

Thoma Bravo has been actively pursuing software acquisitions this year as part of its plans to take advantage of the booming artificial intelligence.

Earlier this month, Dayforce Inc. (NYSE:DAY) announced an impressive earnings performance in both the second quarter and the first half of the year.

In the quarter period, the company swung to a net income of $21.3 million from a $1.8 million net loss in the same period last year, as total revenues grew 10 percent to $464.7 million from $423.3 million year-on-year.

In the first half, net income soared by 583 percent to $36.2 million from $5.3 million, while revenues jumped by 10.7 percent to $946.5 million from $854.8 million year-on-year.

While we acknowledge the potential of DAY to grow, 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 DAY and that has 100x 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.

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