Ten stocks boasted strong gains on Thursday amid a bloody market, as investors took heart from strong corporate earnings and outlook, among others.
Meanwhile, Wall Street’s major indices all clocked more than 1 percent losses, led by the Nasdaq, down 1.59 percent, followed by the S&P 500 declining 1.23 percent, and the Dow Jones, dropping 1.20 percent.
In this article, we spotlight the 10 top performers on Thursday and detail the reasons behind their gains.
To come up with the list, we focused exclusively on stocks with more than $2 billion in market capitalization and 5 million shares in trading volume.
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10. Arm Holdings PLC (NASDAQ:ARM)
Arm Holdings grew its share prices by 5.70 percent on Thursday to close at $110.88 apiece, as investors loaded portfolios following news of record-breaking revenues in the third quarter of fiscal year 2026.
In an updated report on Wednesday, Arm Holdings PLC (NASDAQ:ARM) said that revenues surged by 26 percent to $1.2 billion from $983 million in the same period a year earlier, on the back of a 27 percent surge in royalty revenues, thanks to AI and general-purpose data center, smartphones, physical AI, and edge AI. Licensing revenues also increased by 25 percent year-on-year.
The third quarter marked its fourth consecutive quarter of clocking more than $1 billion in revenues.
However, net income fell by 12 percent to $223 million from $252 million.
For the fourth quarter of the fiscal period, revenues are targeted to be at the midpoint of $1.47 billion, plus or minus $50 million. This would imply an 18.5 percent growth from the $1.24 billion in the same quarter a year earlier.
Arm Holdings PLC (NASDAQ:ARM) is a British semiconductor and software design company creating, developing, and licensing energy-efficient CPU cores and related technology.
9. NIO Inc. (NYSE:NIO)
NIO shares jumped by 5.86 percent on Thursday to close at $4.7 apiece as investors gobbled up shares following hints at profitability in the fourth quarter of 2025.
In a statement, NIO Inc. (NYSE:NIO) said that based on a preliminary assessment, it expects to report adjusted operating profit of $100 million to $172 million during the period, reversing an adjusted operating loss of $799 million in the same quarter a year earlier.
The projected figures were attributed to sustained sales volume growth, optimization of vehicle margin thanks to a favorable product mix, and its ongoing comprehensive cost reduction efforts, and continued improvement in operational efficiency.
Earlier this month, NIO Inc. (NYSE:NIO) announced that its vehicle deliveries last month hit 27,182, marking a 96.1 percent increase from the same month last year.
The deliveries consisted of 20,894 vehicles from its premium smart electric vehicle brand NIO; 3,481 vehicles from the ONVO brand; and 2,807 vehicles from the smart high-end electric car brand FIREFLY.
As of last month, NIO Inc. (NYSE:NIO) has already delivered more than 1 million vehicles to its customers.
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