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Market Downturn? Not for these 10 Stocks; 7 Jump to Record Highs

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Ten big names soared higher on Thursday, defying a broader pessimistic market, thanks to a flurry of positive industry developments that spilled over to their stocks. Of the 10 firms, seven notably propelled to new all-time highs.

In contrast, the Dow Jones fell 0.65 percent, the S&P 500 dropped 0.63 percent, and the tech-heavy Nasdaq declined by 0.47 percent.

In this article, we focus on the 10 top-performing companies on Thursday and break down the reasons behind their gains.

To come up with the list, we focused exclusively on mid-cap stocks with at least $2 billion in market capitalization and 5 million shares in trading volume.

Photo by Tima Miroshnichenko on Pexels

10. ASE Technology Holding Co. Ltd. (NYSE:ASX)

ASE Technology jumped to a new all-time high on Thursday, as its stock continued to benefit from investors’ semiconductor hunting game amid the growing demand from the artificial intelligence (AI) sector.

In intra-day trading, ASE Technology Holding Co. Ltd. (NYSE:ASX) jumped to its highest level of $12.84 before paring gains to end the day just up by 5.45 percent at $12.58 apiece.

Additionally, the rally was supported by reports that one of its subsidiaries acquired a plant engineering project from Acter Group for T$1 billion ($32.6 million) as part of its expansion plans.

In other developments, ASE Technology Holding Co. Ltd. (NYSE:ASX) earlier this month broke ground for a new $579 million plant in Kaohsiung as it aims to expand the production of advanced 3D chip on wafer on substrate (CoWoS) IC packaging services.

The project is expected to generate nearly 2,000 new jobs and be completed in the first quarter of 2028.

9. Micron Technology Inc. (NASDAQ:MU)

Micron Technology soared to a new all-time high on Thursday following bullish analyst ratings and news that it officially secured the green light of the state of New York for a power line that would connect to its planned $100 billion semiconductor plant.

During the trading session, Micron Technology Inc. (NASDAQ:MU) surged to its highest 52-week price of $206.34 before trimming gains to close the day just up by 5.52 percent at $202.53 apiece.

The intra-day rally was primarily boosted by UBS and Citigroup’s bullish coverage for the stock, giving it a “buy” recommendation with higher price targets of $245 and $240, respectively.

According to the analysts, Micron Technology Inc. (NASDAQ:MU) is expected to benefit from the worsening shortage of data storage, with demand from hyperscalers now doubling year-on-year.

After market hours, Micron Technology Inc. (NASDAQ:MU) secured the approval of the New York State Public Service Commission for the development of a new transmission line that would support power supply to its semiconductor megafab facility in Onondaga County.

Over the next 20 years, the facility is expected to generate 50,000 jobs, including 9,000 direct positions.

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The $250 Trillion AI Hype is Real. A few years from now, you’ll probably wish you’d bought this stock.

When Jeff Bezos said that one breakthrough technology would shape Amazon’s destiny, even Wall Street’s biggest analysts were caught off guard.

Fast forward a year and Amazon’s new CEO Andy Jassy described generative AI as a “once-in-a-lifetime” technology that is already being used across Amazon to reinvent customer experiences.

At the 8th Future Investment Initiative conference, Elon Musk predicted that by 2040 there would be at least 10 billion humanoid robots, with each priced between $20,000 and $25,000.

Do the math. According to Musk, this technology could be worth $250 trillion by 2040.

Put another way, that’s roughly equal to:

  • 175 Teslas
  • 107 Amazons
  • 140 Metas
  • 84 Googles
  • 65 Microsofts
  • And 55 Nvidias

And here’s the wild part — this $250 trillion wave isn’t tied to one company, but to an entire ecosystem of AI innovators set to reshape the global economy.

It’s a leap so massive, it could reshape how businesses, governments, and consumers operate worldwide.

Even if that $250 trillion figure sounds ambitious, major firms like PwC and McKinsey still see AI unlocking multi-trillion-dollar potential.

How could anything be worth that much?

The answer lies in a breakthrough so powerful it’s redefining how humanity works, learns, and creates.

And this breakthrough has already set off a frenzy among hedge funds and Wall Street’s top investors.

What most investors don’t realize is that one under-owned company holds the key to this $250 trillion revolution.

In fact, Verge argues this company’s supercheap AI technology should concern rivals.

Before I reveal the details, let’s talk about how some of the richest people on the planet are positioning themselves.

  • Bill Gates sees artificial intelligence as the “biggest technological advance in my lifetime,” more transformative than the internet or personal computer, capable of improving healthcare, education, and addressing climate change.
  • Larry Ellison — through Oracle, is spending billions on Nvidia chips and partnering with Cohere to embed generative AI across Oracle’s cloud and apps.
  • Warren Buffett — not known for tech hype — says this breakthrough could have a ‘hugely beneficial social impact.

When billionaires from Silicon Valley to Wall Street line up behind the same idea — you know it’s worth paying attention to.

Even as we admire what Tesla, Nvidia, Alphabet, and Microsoft have built, we believe an even greater opportunity lies elsewhere…

But the real story isn’t Nvidia — it’s a much smaller company quietly improving the critical technology that makes this entire revolution possible.

And judging by what I’m hearing from both Silicon Valley insiders and Wall Street veterans…

This prediction might not be bold at all:

A few years from now, you’ll wish you’d owned this stock.

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