10 Firms Stayed Strong Amid Market Bloodbath

The stock market ended in a bloodbath on Thursday, with all major indices finishing in the red, as investors turned cautious anew over President Donald Trump’s tariff imposition on goods from more countries.

The Dow Jones dropped by 0.45 percent, while the S&P declined 1.59 percent. Nasdaq, on the other hand, lost 2.78 percent.

On Thursday, Trump threatened to slap EU products with a 25-percent tariff, following his announcement on Wednesday of another month of delay for the imposition of taxes on goods from Mexico and Canada.

Meanwhile, ten companies defied broader market pessimism, posting strong gains during the day.

To come up with Thursday’s top gainers, we considered only the stocks with $2 billion in market capitalization and $5 million in daily trading volume.

A trader cheers his market gains. Photo by Tima Miroshnichenko on Pexels

10. Bitdeer Technologies Group (NASDAQ:BTDR)

Bitdeer grew its share prices for a second day on Thursday, adding 6.24 percent to close at $10.89 apiece as investors bought up following the company’s upgraded rating from an investment firm.

In a report, BTDR earned a “buy” rating from stock researchers of Roth Mkm, albeit the price target was lowered to $23.50 from $29 previously.

The rating followed the company’s fourth-quarter earnings results released on Tuesday, where net losses in the fourth quarter of the year widened by 10,538 percent to $531.9 million from $5 million in the same period a year earlier, while revenues declined by 40 percent to $69 million from $114.8 million year-on-year.

According to BTDR, the performance was due to its prioritized investments in proprietary ASIC technology, which temporarily limited its hashrate growth and impacted its financial performance.

9. Core Scientific Inc. (NASDAQ:CORZ)

Core Scientific grew its share prices by 6.89 percent on Thursday to finish at $10.71 apiece as investor sentiment was fueled by news that it would invest $1.2 billion to expand its data center portfolio to bolster its revenues.

According to CORZ, the data center, which would be built in Texas, is expected to rake in some $10 billion in revenues from artificial intelligence operations. It partnered with AI startup CoreWeave for the project.

During the fourth quarter of the year, CORZ posted a 36-percent increase in net loss at $265 million from $195.6 million in the same period a year earlier.

Meanwhile, it widened its net loss to $1.3 billion in full-year 2024 from $246 million in 2023.