Why Hesai Group (HSAI) Surged On Friday?

We recently published a list of Five Chinese Firms Dominate Friday’s Top 10 Gainers. In this article, we are going to take a look at where Hesai Group (NASDAQ:HSAI)stands against the other friday’s top gainers.

The stock market suffered a bloodbath on Friday, with major indices posting whopping declines, as investors sold off positions for saver havens amid concerns about a slowing economy and sticky inflation.

The Dow Jones fell by 1.69 percent, the S&P declined by 1.71 percent, while the tech-heavy Nasdaq nosedived by 2.20 percent.

Meanwhile, 10 stocks—predominantly Chinese firms—defied a broader market downturn, clocking in gains.

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

Logistics robots filling packages in a warehouse, preparing for delivery.

Hesai Group (NASDAQ:HSAI)

Hesai Group saw its share prices increase by 6.05 percent on Friday to finish at $19.63 apiece as investors continued to place bets on Chinese stocks amid the booming Artificial Intelligence industry in China, thanks to the rapid advancements in DeepSeek.

HSAI, a company specializing in light detection and ranging (lidar) technology, traded higher in line with fellow US-listed Chinese firms.

Earlier this month, HSAI announced various partnerships, including with a spatial AI software platform to deliver lidar technology and perception software for Embotech’s AVM technology deployed in BMW facilities and known internally at BMW as Automated Driving In-Plant (AFW).

It also bagged design wins for multiple Chery models, which are expected to enter mass production in the second half of 2025. Hesai said the new models will be equipped with the newest generation of Hesai’s ultra-compact high-performance ATX lidar.

Overall, HSAI ranks 5th on our list of friday’s top gainers. While we acknowledge the potential of HSAI 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 timeframe. If you are looking for an AI stock that is as promising as HSAI 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.