10 Stocks Stole the Show, 5 Hit Historic Highs

Ten companies soared by double digits on Thursday, mirroring a broader market optimism, after the US central bank lowered interest rates for the first time this year.

The stocks outperformed Wall Street’s three major indices, four of which rallied to new all-time highs.

Meanwhile, the tech-heavy Nasdaq led the gains among Wall Street’s main indices, jumping 0.94 percent, followed by the S&P 500 with a 0.48 percent gain, while the Dow Jones grew by 0.27 percent.

This article focuses on Thursday’s 10 top performers alongside the reasons behind their strong performance.

To come up with the list, we considered only the stocks with at least $2 billion in market capitalization and 5 million shares in trading volume.

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

10. Ouster Inc. (NASDAQ:OUST)

Ouster rallied for a fourth straight day on Thursday, jumping by another 13.43 percent to close at $34.72 apiece as investors continued to load positions after inking a partnership with Constellis to advance security operations technologies through AI.

In a statement earlier this week, Ouster Inc. (NASDAQ:OUST) said it will create with Constellis a unified security solution combining the latter’s AI-driven sensor fusion platform called Lexso with Ouster’s Gemini and lidar.

Meanwhile, Gemini will serve as the brain behind Lexso, leveraging Ouster Inc.’s (NASDAQ:OUST) proprietary AI software to process 3D digital lidar data for real-time analytics, threat classification, and automated response protocols to bring Physical AI to advanced security operations.

“Constellis’ deep operational expertise, network, and reputation make them an invaluable partner in deploying Ouster Gemini for critical and large-scale security operations,” said Ouster Inc. (NASDAQ:OUST) CEO Angus Pacala.

“Our deployment with Lexso underscores how lidar-powered AI can transform situational awareness and decision-making for the most demanding security environments,” he added.

9. Eightco Holdings Inc. (NASDAQ:ORBS)

Eightco Holdings snapped a three-day losing streak on Thursday, jumping 15.56 percent to close at $12.55 apiece as investors resorted to bargain-hunting following the previous days’ decline.

Earlier this week, Eightco Holdings Inc. (NASDAQ:ORBS) raised as much as $270 million through a private placement with institutional investors, proceeds of which will be used to establish a treasury of Worldcoin tokens.

Apart from Worldcoins, Eightco Holdings Inc. (NASDAQ:ORBS) said it would also hold cash and acquire Ethereum coins as its secondary reserve assets.

Worldcoin is a cryptocurrency project co-founded by Sam Altman, chief executive officer of OpenAI. It is part of the World network, which creates a zero-knowledge Proof of Human through iris-scanning, so a person’s human information is not stored on the blockchain. It was designed to ultimately tackle two major challenges being faced by the digital era: to verify human identity in a world now dominated by artificial intelligence, and promote global financial inclusion through Worldcoin.

“Proof of Human is the next critical step in the AI revolution, and World is uniquely positioned to deliver the trust, verification, and authentication that the world needs as AI becomes more deeply embedded in every aspect of our lives,” said Eightco Holdings Inc. (NASDAQ:ORBS) Chairman Dan Ives.