Why QXO, Inc. (QXO) Crashed on Tuesday

We recently published an article titled Gold Miners Dominate Tuesday’s Worst-Performing Stocks. In this article, we are going to take a look at where QXO, Inc. (NYSE:QXO) stands against the other stocks.

Wall Street’s main indices bounced back from a bloodbath on Tuesday as investors gobbled up shares on hopes that the US-China trade tensions can subside.

The Dow Jones rallied by 2.66 percent, the S&P 500 rose by 2.51 percent, and the Nasdaq surged by 2.71 percent.

Despite a broader market optimism, 10 companies, predominantly gold miners, were heavily sold down amid lower gold prices.

To come up with the list, we considered only the stocks with more than $1 billion in market capitalization and $5 million in trading volume.

A software developer looking out a window while confidently typing away on their laptop.

QXO, Inc. (NYSE:QXO)

QXO, Inc. (NYSE:QXO) fell for a fourth straight day on Tuesday, losing 4.09 percent to close at $12.20 apiece amid the lack of fresh catalysts to boost investing appetite.

In recent news, QXO, Inc. (NYSE:QXO) entered into a definitive agreement with Beacon Roofing Supply for the acquisition of the latter for $11 billion, or a price of $124.35 apiece.

On Tuesday, Beacon’s Board of Directors unanimously recommended that all shareholders tender their shares into the offer until 5 pm on April 28, 2025.

The transaction is expected to close at or near the end of April, subject to a majority of Beacon shares tendering in the offer and other customary closing conditions.

The acquisition has already received the green light from the antitrust watchdogs in the US and Canada.

QXO, Inc. (NYSE:QXO) said it plans to become the leader in the $800 billion building products distribution industry, as it targets to hit annual revenues of $50 billion.

Overall QXO ranks 8th on our list of Tuesday’s worst-performing stocks. While we acknowledge the potential of QXO 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 QXO 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.