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We recently compiled a list of the 10 Firms Defy Market Pessimism. In this article, we are going to take a look at where Himax Technologies, Inc. (NASDAQ:HIMX) stands against the other firms.
Ten companies finished firmer on Friday, bucking an overall market pessimism, over a series of catalysts sparking buying appetite.
Wall Street’s main indices all finished in the red territory, with the Dow Jones down by 0.32 percent, the S&P 500 dropped 0.29 percent, and the Nasdaq down 0.50 percent.
In this article, let’s take a look at which companies defied broader market pessimism and explore the reasons behind their growth.
Friday’s top advancers only considered the stocks with at least $2 billion in market capitalization and $5 million in daily trading volume.
An aerial view of a modern fabrication center with equipment for producing semiconductor components.
Himax Technologies, Inc. (NASDAQ:HIMX)
Himax Technologies resumed its seven-day winning streak on Friday, adding 8.9 percent to its valuation to end at $12.85 apiece as it continues to take a boost from news that it would benefit from Taiwan Semiconductor’s AI and silicon photonics push.
According to reports, Taiwan Semiconductor named Himax as the exclusive micro-lens array supplier for both first- and second-generation COUPE, which is Taiwan Semiconductor’s silicon photonics initiative that is now in validation stages.
The first generation of COUPE was already fully developed and has so far been receiving the “highest priority” amongst Taiwan Semiconductor’s developing technologies. Mass production validation is already underway and second-gen mass production validation is expected to start in the first half of 2026.
Himax also earned a bullish outlook from an analyst, who projected strong revenue growth for the company at $1.16 billion for 2026, $1.42 billion in 2027, and $2.4 billion in 2028.
Overall HIMX ranks 6th on our list of the firms that defy market pessimism. While we acknowledge the potential of HIMX 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 timeframe. If you are looking for an AI stock that is more promising than HIMX but that trades at less than 5 times its earnings, check out our report about the cheapest AI stock.
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Disclosure: None. This article is originally published at Insider Monkey.