Why Grab Holdings Limited (GRAB) Crashed on Thursday

We recently compiled a list of the 10 Stocks Mirror Wall Street Downturn. In this article, we are going to take a look at where Grab Holdings Limited (NASDAQ:GRAB) stands against the other stocks.

Shares on Wall Street traded lower on Thursday, as investors moved to unload positions to mitigate risks from uncertainties brought about by key economic factors such as President Donald Trump’s continued tariff threats and policy shifts.

The Dow Jones dived by 1.01 percent, the S&P 500 declined 0.43 percent, while the tech-heavy Nasdaq lost 0.47 percent.

Ten companies also mirrored a broader market downturn, finishing the trading session in the red territory amid a flurry of catalysts dampening investor sentiment.

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

A customer enjoying the convenience of a mobile financial services transaction.

Grab Holdings Limited (NASDAQ:GRAB)

Ride-hailing giant Grab Holdings Limited (NASDAQ:GRAB) saw its share prices drop by 10.39 percent on Thursday to finish at $4.785 apiece as weak earnings performance in 2024 and outlook guidance weighed down investor sentiment.

In its latest earnings release, Grab Holdings Limited (NASDAQ:GRAB) said net income was flat at $11 million in the fourth quarter of the year versus the same period last year as higher foreign exchange losses and lower contribution from net changes in fair value of financial assets totaling $39 million offset the improvement in operating profit.

Revenues grew by 17 percent to $764 million from $653 million year-on-year, driven by growth across all segments.

For full year 2024, net loss narrowed by 67 percent to $158 million from $485 million as revenues rose 19 percent to $2.797 billion from $2.359 billion.

For 2025, Grab Holdings Limited (NASDAQ:GRAB) said it expects full-year revenues to settle between $3.33 billion to $3.4 billion, or a growth ranging from 19 percent to 22 percent year-on-year.

Overall GRAB ranks 3rd on our list of Thursday’s top losers. While we acknowledge the potential of GRAB 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 GRAB 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.