Why Full Truck Alliance Co. Ltd. (YMM) Went Down On Friday?

We recently published a list of 10 Firms Suffer Amid Optimistic Market Environment. In this article, we are going to take a look at where Full Truck Alliance Co. Ltd. (NYSE:YMM) stands against other firms that suffer amid optimistic market environment.

Wall Street’s main indices recovered losses on Friday, as investors repositioned portfolios while digesting the ongoing trade tensions between the world’s two largest economies.

After a battering this week, the Nasdaq finished the day up 2.06 percent; the S&P 500 rose 1.81 percent; and the Dow Jones grew 1.56 percent.

Ten companies, on the other hand, defied a wider market optimism, recording modest losses during the day. In this article, we have listed Friday’s worst performers and detailed the reasons behind their declines.

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

A view of an open cargo shipping yard, highlighting the companies freight listing services.

Full Truck Alliance Co. Ltd. (NYSE:YMM)

Full Truck Alliance dropped for a second day on Friday as investors sold off positions amid the lack of fresh catalysts to spark buying appetite.

While YMM—a digital freight platform connecting shippers with truckers in China—is not directly impacted by the ongoing trade tensions between the two of the world’s largest economies, it remains vulnerable to risks of reduced freight demand and domestic supply disruptions.

Last month, the company said that it was considering its public listing in Hong Kong to mitigate risks from the US-China trade tensions.

The company had initially planned a dual primary listing in Hong Kong in 2022 due to stricter audit requirements for US-listed Chinese firms but later axed the plan after the US audit said it gained full access to inspect and investigate firms in China for the first time ever.

Overall, YMM ranks 2nd on our list of firms that suffer amid optimistic market environment. While we acknowledge the potential of YMM 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 time frame. There is an AI stock that went up since the beginning of 2025, while popular AI stocks lost around 25%. If you are looking for an AI stock that is more promising than YMM but that trades at less than 5 times its earnings, check out our report about this 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.