10 Stocks That Underperformed Last Week

1. Aurora Innovation Inc. (NASDAQ:AUR)

Aurora Innovation retreated in last week’s shortened trading, losing 27 percent of its value week-on-week, as investors appeared to have sold off positions following the 41.5 percent surge the week earlier.

On Friday, AUR’s share prices finished at $7.43 apiece, markedly lower than the $10.19 registered on February 14 as investors appeared to have taken profits, evident from the four consecutive days of sell-offs.

Two weeks earlier, AUR announced improved earnings performance and outlook guidance, which includes the upcoming launch of its first driverless trucks, as it ushers “in a future of safer, more efficient freight transportation and immense value creation.”

“We are on the cusp of our planned Commercial Launch, a pivotal step toward realizing our mission to deliver the benefits of self-driving technology safely, quickly, and broadly,” said Aurora Innovation, Inc. CEO and co-founder Chris Urmson.

AUR said it narrowed its net loss last year by 6 percent to $748 million from the $796 million registered in 2023, as loss from operations decreased by 5.9 percent to $786 million from $835 million.

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

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