In a recent publication, we highlighted the 10 worst-performing stocks from Tuesday's trading session. Among these stocks, Newsmax Inc. (NYSE:NMAX) stood out as a particularly notable case, prompting us to delve deeper into its performance within the context of a tumultuous market.

On Tuesday, Wall Street experienced a dramatic downturn, with investors reacting strongly to the impending deadline for new tariffs proposed by President Donald Trump. These tariffs could impose an extraordinary cumulative import tax of 104 percent on goods imported from China, raising fears of an economic slowdown. As a result, major stock indices recorded significant losses: the tech-heavy Nasdaq composite index fell by 2.15 percent, the S&P 500 dropped by 1.57 percent, and the Dow Jones Industrial Average experienced a decline of 0.84 percent.

Amid this broader market decline, ten companies similarly mirrored these losses, with their stock prices plummeting throughout the trading day. In our analysis, we focused specifically on stocks that boast a market capitalization of at least $2 billion and a minimum trading volume of $5 million to compile our list of the day’s worst performers.

One of the most striking performers was Newsmax Inc. (NMAX), which saw a substantial decline of 16.79 percent, closing at $39.21 per share. The drop was primarily attributed to investors engaging in profit-taking following a surge in the company’s stock the previous day. This surge was fueled by exciting news regarding a significant increase in viewership, which skyrocketed by 50 percent compared to the same period last year. As of the first quarter of 2025, Newsmax reported that its viewership had reached 33.6 million, up from 22.4 million in the first quarter of 2024.

The first-quarter ratings also showcased a robust 15 percent increase from the fourth quarter of 2024, when 29.3 million viewers tuned in to their broadcasts. Jason Villar, the Vice President for Media and Market Research at Newsmax, commented on this impressive growth, stating, “These strong surges in audiences rarely happen in cable news. We are clearly bucking the trend of cable news and overall cable viewership as viewers clearly like the product Newsmax is offering.”

Despite the promising growth and viewership ratings, NMAX found itself at the top of our list of Tuesday’s worst-performing stocks. While we recognize the potential that Newsmax Inc. holds as a viable investment option, our analysis suggests that artificial intelligence (AI) stocks may present more lucrative opportunities for investors seeking higher returns in a shorter time frame. For example, one AI stock has shown a positive trajectory since the beginning of 2025, even as many popular AI stocks have experienced losses of around 25 percent. Our report highlights a particularly promising AI stock that trades at less than five times its earnings and offers significant upside potential when compared to NMAX.

For those considering options in the ever-evolving market landscape, we invite readers to check our reports featuring the 20 best AI stocks currently available and an additional list of the 30 best stocks to buy now, as recommended by billionaires.

Disclosure: None. This article was originally published at Insider Monkey.