10 Stocks Jump, Defy Market Uncertainties on Thursday

1. Concentrix Corporation (NASDAQ:CNXC)

Concentrix extended its winning streak for a fourth straight day on Thursday, soaring 42.38 percent to finish at $65.04 apiece following a strong earnings performance in the first quarter ending February 2025.

In a statement, CNXC said net income jumped by 35 percent to $70.2 million in the last quarter from the $52 million registered in the same period a year earlier.

Revenues, however, decreased by 1 percent to $2.37 billion from $2.4 billion year-on-year.

For the next quarter, CNXC said it expects revenues to settle between $2.37 billion and $2.39 billion, and between $9.49 billion and $9.63 billion for the full year.

“Our first quarter results demonstrate our progress as we win quality business and take advantage of GenAI opportunities, leveraging our unique technology and service capabilities to drive our clients’ success,” said CNXC President and CEO Chris Caldwell. “With a solid start to the year, we remain on track to deliver ongoing constant currency revenue growth, while expanding margins and growing free cash flow in 2025 and beyond.”

While we acknowledge the potential of CNXC as an investment, our conviction lies in the belief that some AI stocks hold greater promise for delivering higher returns and doing so within a shorter time frame. If you are looking for an AI stock that is as promising as CNXC but trades at less than 5 times its earnings, check out our report about the cheapest AI stock.

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