From Yahoo Finance.: 2025-03-28 04:25:00

On Thursday, Concentrix Corporation (CNXC) defied market uncertainties by surging 42.38% to $65.04 per share. Despite a 1% decrease in revenues, CNXC reported a 35% increase in net income for the first quarter ending February 2025. The company expects revenues to range between $2.37 billion and $2.39 billion for the next quarter.

CNXC President and CEO Chris Caldwell attributed the company’s success to winning quality business and leveraging technology. CNXC ranks first on the list of stocks that defied market uncertainties on Thursday. While CNXC shows promise as an investment, other AI stocks may offer higher returns in a shorter time frame.

The broader market experienced losses on Thursday due to ongoing trade tensions globally. The tech-heavy Nasdaq dropped by 0.53%, followed by the Dow Jones at 0.37% and the S&P 500 at 0.33%. Automakers were particularly affected following President Trump’s announcement of a 25% tariff on all imported vehicles.

Despite market pessimism, 10 companies saw gains on Thursday due to fresh company developments. Two gold miners were notable as investors sought safer assets amid economic uncertainties. The list of top performers and the reasons behind their gains were detailed in a recent article.

To compile the list of top performers, stocks with a $2 billion market capitalization and $5 million in trading volume were considered. Concentrix Corporation (CNXC) stood out by soaring 42.38% on Thursday, fueled by strong earnings performance and a positive outlook for future revenues.

Read more: Why Concentrix Corporation (CNXC) Surged On Thursday?