Why BiliBili Inc. (BILI) Went Down On Wednesday?

We recently published a list of Today’s 10 Worst-Performing Stocks. In this article, we are going to take a look at where BiliBili Inc. (NASDAQ:BILI) stands against other worst-performing stocks.

Wall Street’s main indices finished mixed on Wednesday, with the Dow Jones emerging as the sole decliner as investors digested more news of tariff threats from President Donald Trump.

The Dow Jones dropped by 0.20 percent. In contrast, the S&P 500 and Nasdaq clocked in gains of 0.49 percent and 1.22 percent, respectively.

Ten companies mirrored a mostly pessimistic trading—four of which were Chinese stocks—as traders sold off to minimize risks from the potential impact of the US’ trade war with China.

In this article, we have identified the 10 worst performers on Wednesday and detailed the reasons behind their performance.

To come up with the list, we considered only the stocks with at least $2 billion in market capitalization and $5 million in trading volume.

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

BiliBili Inc. (NASDAQ:BILI)

BiliBili Inc. dropped its share prices by 6.5 percent on Wednesday to finish at $21.29 apiece as investors sold off positions in various Chinese firms.

BILI traded lower in line with its Chinese counterparts, including XPEV, HSAI, and VNET, which were among the top losers of the trading day.

Earlier, analysts raised concerns on whether BILI 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 slow growth in the second quarter.

During the last quarter, BILI swung to a net income attributable to shareholders of RMB89.96 million 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.

Overall, BILI ranks 3rd on our list of worst-performing stocks. 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 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 30 Best Stocks to Buy Now According to Billionaires

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