Gentex Corporation (NASDAQ: GNTX) saw its shares surge by 16.19 percent on Friday, closing at $27.42 apiece, following an impressive earnings performance in the second quarter of the year. Net income grew by 11.6 percent to $96 million, and net sales increased by 14.8 percent year-on-year.

Looking ahead, Gentex Corporation expects global light vehicle production for the third quarter to remain relatively flat compared to last year, with a 1 percent decrease in its primary markets. Fourth-quarter production is predicted to drop by 6 percent year-on-year across primary markets, including China.

For the full year, Gentex anticipates a 3 percent decrease in production, with North American production alone expected to fall by 4 percent. While GNTX shows promise as an investment, some AI stocks may offer higher returns and less downside risk. Explore a report on the best short-term AI stock for potential opportunities.

Read more at Yahoo Finance: Gentex (GNTX) Surges 16% on Impressive Income