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Equity market leadership in 2025 has been sharply polarized, with clear winners driven by hard-asset reflation and AI infrastructure demand, while laggards cluster in healthcare and software sectors disrupted by structural shifts.
On the upside, the year’s top-performing stocks are dominated by storage and memory semiconductor names, alongside precious metals exposure. Companies tied to HDDs, memory chips, and AI-driven data center storage have surged as supply tightened and pricing power returned.
At the same time, rising gold prices and renewed safe-haven demand propelled mining stocks into the top ranks, reinforcing the market’s tilt toward tangible assets and inflation hedges.

In contrast, the worst-performing stocks reveal two consistent weak spots.
Healthcare, particularly large-cap pharmaceuticals and managed care, has struggled amid drug pricing pressure, regulatory risks, and fading post-pandemic tailwinds.
Meanwhile, software and IT services firms have come under pressure as AI automation disrupts traditional business models, compresses margins, and accelerates client spending discipline.
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The divergence highlights a broader 2025 theme: markets are rewarding companies leveraged to AI infrastructure and real assets, while punishing sectors where AI acts as a substitute rather than a growth catalyst.
Senior Research Analyst at Ainvest, formerly with Tiger Brokers for two years. Over 10 years of U.S. stock trading experience and 8 years in Futures and Forex. Graduate of University of South Wales.

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