10 Firms Buck Thursday’s Market Bloodbath

1. Harmony Gold Mining Company Ltd (NYSE:HMY)

Harmony Gold jumped by 10.55 percent on Thursday to finish at $16.24 each, in line with higher gold prices, as investors sought safety from safer assets like gold miners.

On Thursday, gold saw spot prices rise by 0.35 percent to end at $3,187.30 per ounce after jumping to an all-time high of $3,188.45 at the intra-day session.

In recent news, Bank of America raised its average gold price targets for this year and the next to $3,063 per ounce this year and $3,350 per ounce in 2026.

The new figures were markedly up from its previous forecasts of $2,750 per ounce for 2025 and $2,625 per ounce for 2026.

The upgraded outlook spilled over into gold mining firms such as HMY.

Earlier this year, the company that its net income in the first semester grew by 33 percent to R7.9 billion from R5.96 billion in the same period a year earlier, as revenues rose by 18 percent to R37.1 billion from R31.4 billion, with gold revenues contributing to total revenue growth, increasing 19 percent to R35.4 million from R29.7 million.

While we acknowledge the potential of HMY as an investment, our conviction lies in the belief that AI stocks hold greater promise for delivering higher returns and doing so within a shorter time frame. There is an AI stock that went up since the beginning of 2025, while popular AI stocks lost around 25%. If you are looking for an AI stock that is more promising than HMY but that trades at less than 5 times its earnings, 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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