10 Firms End Stronger, Buck Muted Broader Market Trading

1. Hertz Global Holdings, Inc. (NASDAQ:HTZ)

Hertz Global soared by 44.31 percent on Thursday to a new all-time high after a hedge fund manager raised his stake in the company to 19.8 percent.

HTZ touched an all-time high of $8.74 during the intra-day trading before ending the day up by only 44.31 percent to close at $8.24 apiece.

Through Pershing Square, billionaire and hedge fund manager Bill Ackman increased his ownership in HTZ through a combination of direct share purchase and total return swaps.

According to Ackman, HTZ, once troubled by operational challenges linked to its acquisition of Tesla vehicles, is now positioned for improvement due to several strategic changes to enhance profit margins by rotating its fleet, boosting unit revenues, and cutting operating costs.

The company has also begun transitioning from high-cost vehicles in a bid to reduce depreciation expenses significantly.

While we acknowledge the potential of HTZ 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 HTZ 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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