10 Stocks Firm Up Amid Cautious Trading

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1. Li Auto Inc. (NASDAQ:LI)

Li Auto’s share prices jumped by 13.2 percent on Tuesday to finish at $29.84 apiece as investor sentiment was fueled by a sneak peek of its Li i8 vehicle models which reportedly are set to be launched this year.

The Li i8 will be the debut of the I Series, with the I in the name said to represent “intelligence,” according to LI CEO Li Xiang.

Details on the pricing and launch schedule have yet to be announced.

As part of the new I series, the Li i8 will complement the carmaker’s existing electric SUVs under the L series and the MEGA premium MPV.

The new vehicle series forms part of LI’s product roadmap, where it plans to launch five range-extended electric vehicles. Apart from i8, the company will also launch the i6, i7, and i9.

While we acknowledge the potential of LI 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 LI but that trades at less than 5 times its earnings, check out our report about the cheapest AI stock.

READ NEXT: 8 Best Wide Moat Stocks to Buy Now and 30 Most Important AI Stocks According to BlackRock

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

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