10 Stocks Plummet on Wednesday

1. Celanese Corporation (NYSE:CE)

Celanese Corporation (NYSE:CE) fell to a new all-time low on Wednesday as investors unloaded portfolios following a dismal earnings performance last year.

At intra-day trading, CE dropped to its lowest of $52.97 apiece before gaining momentum to end just 21.46 percent lower at $54.91 each.

In the fourth quarter of 2024, CE swung to a net loss of $1.9 billion from a $701 million net income in the same period a year earlier, as net sales dipped 7.4 percent to $2.37 billion from $2.56 billion.

The company also booked a net loss of $1.5 billion in full-year 2024, reversing a $1.96-billion net income in 2023, as net sales dipped 6 percent to $10.28 billion from $10.94 billion.

While we acknowledge the potential of CE as an investment, our conviction lies in the belief that AI stocks hold greater promise for delivering higher returns and doing so within a shorter timeframe. If you are looking for an AI stock that is more promising than CE but that 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.

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