10 Stocks Defying Tech Market Turmoil

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4. Fermi Inc. (NASDAQ:FRMI)

Fermi extended its winning streak to a third consecutive day on Friday, soaring 26.7 percent to close at $2.61 apiece, as investor sentiment was bolstered by reports that it revived talks with Amazon for an earlier botched power capacity supply.

A report by the Financial Times, citing people privy to the matter, said that Fermi Inc. (NASDAQ:FRMI) went back to negotiations with Amazon for a potential power supply deal, after their initial talks collapsed last December.

Amazon is expected to build its own data centers at Fermi’s Project Matador campus in Amarillo, Texas.

On Thursday, Fermi Inc. announced that it inked multiple agreements with an investment-grade hyperscaler, which it refused to identify, to advance 600 megawatts of power capacity at the Project Matador.

The company, it said, committed more than $200 million up front to accelerate construction, another $15 million for early construction and site development, with an additional $90 million being contemplated for structural steel and building materials acquisition.

“We believe this is just the start of converting our strong pipeline of customers. If we successfully turn this pipeline of prospective customers into leases, it would completely fill our 2.2 gigawatts of current capacity. This gives us growing confidence in our path forward and puts us in a strong position to evolve from pre-revenue, pre-lease to the next phase of growth,” Fermi Inc. said.

3. Modine Manufacturing Company (NYSE:MOD)

Modine Manufacturing grew its share price by 27.86 percent on Friday to finish at $135.66 apiece, as investors gobbled up shares following reports that it is in talks with Samsung Electronics.

Bloomberg News reported on Thursday that the two firms are currently in negotiations, with a final decision expected in the coming weeks.

However, no final decision has yet been made, and negotiations could still collapse with another prospective buyer possibly emerging.

In addition to the reports, the rally can also be attributed to portfolio positioning as Modine Manufacturing Company (NYSE:MOD) hosts its analyst and investor day on Wednesday, November 18, where president and CEO Neil Brinker and CFO Michael Lucareli are expected to present an update to the company’s multi-year growth strategy and new financial targets following the spin-off of the Performance Technologies segment

Investors are also expected to wait for cues and confirmation on its potential merger with Samsung.

Earlier this month, Modine Manufacturing Company reported a 32 percent decline in its net income in the second quarter of fiscal year 2027 ending September, at $30.3 million versus $44.8 million in the same period last year, dragged down by $29.5 million of income tax expense related to legal entity restructuring to facilitate the spin-off of the Performance Technologies business.

Net sales, on the other hand, increased by 35 percent to $994.4 million from $738.9 million in the same comparable period, thanks to record orders and backlog from data centers and expanding opportunities within the commercial HVAC segment.

2. Liftoff Mobile Inc. (NASDAQ:LFTO)

Liftoff Mobile extended its winning streak to a third consecutive day on Friday, soaring 30.63 percent to close at $24.44 apiece, after swinging to profitability in the third quarter of the year.

In an updated report on the same day, the AI-powered growth and monetization platform said that it raked in $87 million in net income during the period, reversing a $6 million net loss in the same period last year.

Revenues increased by 32 percent to $238 million from $220 million year-on-year, beating its previous guidance range of $217 million to $222 million for the period.

“Our third quarter results came in well above the high end of our previously published guidance and showed the breadth of the app economy at work,” Liftoff Mobile Inc. (NASDAQ:LFTO) CEO Jeremy Bondy said.

“We saw strength across key app categories, as better performance for our customers drove more investment in our platform and strengthened our flywheel. We’re confident that our platform is purpose-built to capture user attention and monetization for our customers,” he noted.

Following the results, Liftoff Mobile Inc. raised its full-year 2026 revenue growth guidance to a range of $907 million to $912 million from $870 million to $880 million previously.

It also increased its adjusted EBITDA guidance to between $547 million and $551 million, versus $510 million to $518 million earlier.

1. Newsmax Inc. (NYSE:NMAX)

Newsmax soared by 31.41 percent on Friday to close at $9.58 apiece, after a stellar earnings performance in the third quarter of the year.

During the period, Newsmax Inc. (NYSE:NMAX) swung to a net income of $15.2 million from a $4.1 million net loss in the same period last year.

Total revenues grew by 52.5 percent to $69.03 million from $45.27 million year-on-year, with service revenues contributing the largest chunk, at $53.8 million, or a 23 percent increase from $43.7 million year-on-year.

Audience reach ended at 22.5 million, while social media followers jumped 13 percent year-on-year to 26.8 million.

”The third quarter was the strongest in our history as a public company. Setting aside the one-time revenue item, we delivered our fastest revenue growth since our listing and a second consecutive profitable quarter,” Newsmax Inc. CEO Christopher Ruddy said.

“Engagement rose through the midterm campaign, and that is an early indicator of what is ahead. We have positioned Newsmax on all platforms for all people, from cable and free streaming to Newsmax+, social and now AI, heading into what we expect to be the largest presidential cycle on record,” he noted.

Despite the strong figures, Newsmax Inc. maintained its underlying full-year 2026 revenue guidance of $212 million to $216 million, which excludes the $14 million one-time revenue item recognized in the third quarter. This would mark a year-on-year growth of 13 percent.

Including the one-time revenue item, the company is looking at a full-year 2026 revenue of $226 million to $230 million.

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