Why Bilibili Inc. (BILI) Went Down On Monday?

We recently published a list of 10 Stocks Drop The Most Amid Investor Caution. In this article, we are going to take a look at where Bilibili Inc. (NASDAQ:BILI) stands against other stocks that drop the most amid investor caution.

Wall Street kicked off the first trading day of the week on a sour note, with all the major indices closing mixed as investors chose to stay on the sidelines while waiting for further updates on key economic news, including trade tariffs and government spending, among others.

The Dow Jones was the sole gainer among all major indices, eking out a 0.08-percent gain. In contrast, the S&P 500 and the tech-heavy Nasdaq both fell 0.50 percent and 1.21 percent, respectively.

Meanwhile, we have compiled a list of 10 companies that mirrored the broader market downturn and detailed the reasons behind their drop.

To come up with Monday’s worst performers, we considered only the stocks with $2 billion in market capitalization and $5 million in daily trading volume.

Note that the companies we covered in-depth last Friday have been excluded from the list.

A group of millennials playing an online game on their mobile devices.

Bilibili Inc. (NASDAQ:BILI)

Bilibili Inc. (NASDAQ:BILI) saw its share prices decline by 10.04 percent on Monday to finish at $20.53 apiece as investor sentiment was dampened by concerns on whether or not the company could find a new online game that could mirror or exceed the success of “Three Kingdoms: Strategy Time.”

According to an analyst from Nomura, the game has the potential to remain popular over the long term but it could lead to a slow growth in the second quarter.

Last week, Bilibili Inc. (NASDAQ:BILI) said it swung to a net income attributable to shareholders of RMB89.96 million in the last quarter, from a RMB1.296 billion net loss in the same period a year earlier, as revenues grew 21.8 percent to RMB7.7 billion from RMB6.3 billion in the same comparable period.

For full year 2024, net loss attributable to shareholders shrunk by 72 percent to RMB1.346 billion from RMB4.822 billion in 2023, while revenues jumped by 19 percent to RMB26.831 billion from RMB22.527 billion year-on-year.

Overall, BILI ranks 3rd on our list of stocks that drop the most amid investor caution. While we acknowledge the potential of BILI 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 BILI 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

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