We recently published an article titled Micro-, Small-Cap Firms Dominate Market Rally. In this article, we are going to take a look at where LZ Technology Holdings Limited Class B Ordinary Shares (NASDAQ:LZMH) stands against the other stocks.

The stock market pulled back to the red territory on Thursday, with all major indices posting significant losses as tariff threats continued to rattle investors.

The tech-heavy Nasdaq posted the largest loss, down 2.61 percent, followed by the S&P 500 with 1.78 percent, and the Dow Jones with 0.99 percent.

On Thursday, 10 micro and small-cap companies defied a broader market decline, with their share prices jumping by as much as double digits. One company stood out, soaring more than 300 percent during the session.

To come up with Thursday’s top performers, we considered the stocks with the highest day change performance.

An executive giving a presentation on the importance of online advertising services in a modern business.

LZ Technology Holdings Limited Class B Ordinary Shares (NASDAQ:LZMH)

LZ Technology Holdings Limited Class B Ordinary Shares (NASDAQ:LZMH), a newly listed company on the stock market, rallied for a fifth straight day on Thursday to achieve a more-than-double growth from its initial public offering (IPO) price.

The company, which trades under the ticker symbol LZ Technology Holdings Limited Class B Ordinary Shares (NASDAQ:LZMH), rallied by 34.04 percent in the last trading session to close at $9.82 apiece, representing a whopping 145.5 percent increase from its IPO price of $4.

Since its debut on the stock market on February 27, the company’s stock price already saw a surge of 96.4 percent from its first closing price of $5.

Trading in the company may have been buoyed by the continued appetite for Chinese stocks, thanks to the booming artificial intelligence industry in China.

LZ Technology Holdings Limited Class B Ordinary Shares (NASDAQ:LZMH) is a technology and advertising firm operating through its subsidiaries in China. Its business spans three key verticals: Smart Community, Out-of-Home Advertising, and Local Life. Smart Community services provide intelligent access control and safety management systems, installed in thousands of residential communities in China.

Overall LZMH ranks 2nd on our list of Thursday's top performers. While we acknowledge the potential of LZMH as an investment, our conviction lies in the belief that some 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 LZMH but 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.