Why Newsmax Inc. (NMAX) Went Down On Tuesday?

We recently published a list of Tuesday’s 10 Worst-Performing Stocks. In this article, we are going to take a look at where Newsmax Inc. (NYSE:NMAX) stands against other Tuesday’s worst-performing stocks.

Wall Street’s main indices suffered a bloodbath on Tuesday, recording steep losses amid the looming deadline for President Donald Trump’s new round of tariffs for China that would see the latter slapped with a cumulative 104-percent import tax.

The tech-heavy Nasdaq registered the heaviest fall, down by 2.15 percent, followed by the S&P 500’s 1.57 percent decline, and the Dow Jones’ 0.84-percent drop.

Ten companies mirrored the broader decline, recording hefty losses during the day. In this article, we listed the 10 worst-performing names and detailed the reasons behind their drop.

To come up with the list, we considered only the stocks with $2 billion market capitalization and $5 million in trading volume.

Photo by Roman Kraft on Unsplash

Newsmax Inc. (NYSE:NMAX)

Newsmax Inc. plunged by 16.79 percent on Tuesday to finish at $39.21 apiece as investors resorted to profit-taking following the prior day’s surge that was buoyed by news that its viewership jumped by 50 percent from last year.

As of the first quarter of 2025, NMAX said its viewership now stands at 33.6 million, an increase of 50 percent from 22.4 million in the same period last year.

First-quarter ratings this year also saw a healthy 15-percent increase from the fourth quarter of 2024 when 29.3 million viewers tuned in.

“These strong surges in audiences rarely happen in cable news,” said NMAX Vice President for Media and Market Research Jason Villar.

”We are clearly bucking the trend of cable news and overall cable viewership as viewers clearly like the product Newsmax is offering,” he added.

Overall, NMAX ranks 1st on our list of Tuesday’s worst-performing stocks. While we acknowledge the potential of NMAX 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 NMAX 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.

Disclosure: None. This article is originally published at Insider Monkey.