In This Article:
We recently published a list of 10 Firms Stand Out Amid Market Downturn. In this article, we are going to take a look at where Tuya Inc. (NYSE:TUYA) stands against other firms that stand out amid market downturn.
Pessimistic sentiment persisted on the stock market on Thursday as investors moved to sell off shares in an effort to minimize risks from uncertainties brought about by President Donald Trump’s continued tariff threats and policy shifts.
The Dow Jones plunged 1.01 percent, the S&P 500 declined 0.43 percent, and the tech-heavy Nasdaq lost 0.47 percent.
Amidst the overall market downturn, 10 companies stood out, clocking in double-digit gains during the trading session, thanks to a flurry of positive catalysts including strong corporate earnings results.
To come up with Thursday’s top performers, we considered only the stocks with $2 billion in market capitalization and $5 million in daily trading volume.
A computer engineer working intently on a smart home device.
Tuya Inc. (NYSE:TUYA)
Shares of Tuya Inc. (NYSE:TUYA) grew for a third straight day on Thursday, adding 26.8 percent to close at $3.88 apiece as investors gobbled up shares in the company following announcements that it kicked off the integration of its Artificial Intelligence of Things (AIoT) platform with DeepSeek.
“By leveraging advanced technologies like natural language processing (NLP) and multimodal scene perception, TUYA is driving the transformation of smart devices into “active intelligence,” paving the way for AI applications to reach their full potential,” the company said in a statement on Thursday.
In particular, TUYA’s integration with DeepSeek would have a significant impact on the pet care industry through the synergy between its AIoT platform and DeepSeek’s multimodal AI capabilities.
“These synergies will translate into tangible pet care innovations, and further accelerate the adoption of AI-driven solutions across the pet industry,” it said.
Overall, TUYA ranks 2nd on our list of firms that stand out amid market downturn. While we acknowledge the potential of TUYA 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 TUYA but that trades at less than 5 times its earnings, check out our report about the cheapest AI stock.
READ NEXT: 20 Best AI Stocks To Buy Now and Complete List of 59 AI Companies Under $2 Billion in Market Cap
Disclosure: None. This article is originally published at Insider Monkey.