We recently published a list of These 10 Companies Led Tuesday’s Charge. In this article, we are going to take a look at where Hesai Group (NASDAQ:HSAI) stands against other companies that led Tuesday’s charge.
Wall Street’s main indices finished mixed on Tuesday, with the Nasdaq as the sole loser, as investors largely brushed off President Donald Trump’s tariff threats in hopes that countries would eventually reach a negotiated settlement.
Additionally, investors cheered signals from the Federal Reserve that a rate interest cut was not imminent, saying it would wait as necessary before implementing any rate adjustments.
The Dow Jones eked out a 0.28 percent gain, while the S&P 500 inched up 0.03 percent. The tech-heavy Nasdaq dropped 0.36 percent.
Ten companies on Tuesday led the charge amid a flurry of positive news sparking buying appetite. This article detailed the reasons behind their performance.
To come up with Tuesday’s top gainers, we considered only the stocks with at least $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 rose for a second consecutive day, ending Tuesday’s trading up by 5.32 percent to finish at $18 apiece as investor sentiment was fueled by news that it bagged a new deal to deliver lidar technology to 10 models of Chinese EV-maker BYD.
To be called the next generation “God’s Eye” ADAS or advanced driver assistance system, BYD’s new models are expected to enter mass production this year.
BYD has become one of the fastest-growing EV makers globally, hitting record-high vehicle sales last year.
According to the company, it would include ADAS in almost all of its future models without bumping the costs and integrate DeepSeek artificial intelligence into its cars.
Meanwhile, BYD was just one of the various partnerships that HSAI entered into this year. Just recently, the latter partnered with AI software platform Outsight and autonomous driving solutions Embotech AG, to deliver cutting-edge 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).
Also last month, HSAI secured design wins for multiple Chery models, which are expected to enter mass production in the second half of 2025. HSAI said the new models will be equipped with the newest generation of Hesai’s ultra-compact high-performance ATX lidar.
Overall, HSAI ranks 9th on our list of companies that led Tuesday’s charge. 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.
