In July, the Nasdaq-100 fell over 7%, marking its steepest decline since March 2025, influenced by geopolitical instability in the Persian Gulf, inconsistent oil shipments, and a downturn in semiconductor stocks. Investors are increasingly skeptical about high tech valuations and the expected returns from rising capital expenditures.
Notably, major companies like Tesla and Alphabet saw significant losses in market value following their earnings reports. However, amidst this backdrop, CNBC Pro identified eight stocks that performed well, focusing on those rated 'buy' by at least 60% of analysts and with a potential upside of at least 25%.
Autodesk led the gainers with a nearly 21% increase, supported by strong fiscal results and a strategic acquisition aimed at enhancing its AI capabilities. Intuit followed closely with a 20% rise, driven by robust revenue growth and an AI-focused strategy. Broadcom also managed a 2% gain, benefiting from its expanding AI semiconductor business, with a significant year-over-year revenue increase.
These companies demonstrate resilience and growth potential, contrasting with the broader market's struggles