We recently published a list of These 10 Firms Were Thursday’s Top Performers. In this article, we are going to take a look at where Himax Technologies, Inc. (NASDAQ:HIMX) stands against other firms that were Thursday’s top performers.

Wall Street’s main indices closed higher again on Thursday, with the Dow eking out a 0.92-percent gain, while the S&P 500 and Nasdaq Composite grew 0.53 percent and 0.22 percent, respectively.

Ten companies, predominantly under the health, energy, and technology sectors—mirrored the gains on the back of stronger earnings performance and other catalysts fueling buying appetite.

Thursday’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, Inc. (NASDAQ:HIMX), a semiconductor manufacturing firm headquartered in Taiwan, saw its share prices jump by 18.95 percent to end at $11.8 apiece—a sixth consecutive day as investors took heart from news that it is set for a boost from Taiwan Semiconductor’s AI and silicon photonics push.

Himax (NASDAQ:HIMX) 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.

Himax (NASDAQ:HIMX) stands to benefit as the exclusive micro-lens array supplier for both first- and second-generation COUPE—Taiwan Semiconductor’s silicon photonics initiative, which is now in validation stages.

The first generation of COUPE is already fully developed, and it is 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.

Overall, HIMX ranks 2nd on our list of firms that were Thursday’s top performers. 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 time frame. 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.