Why Tuya Inc. (TUYA) Soared Last Week

We recently compiled a list of the 10 Companies That Performed Well Last Week. In this article, we are going to take a look at where Tuya Inc. (NYSE:TUYA) stands against the other stocks.

The stock market fell heavily into the red territory on Friday as investors sold off positions to mitigate risks from a series of macroeconomic factors.

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

Despite the broader market downturn, ten companies gained momentum, recording price growths on a week-on-week basis.

We have listed 10 companies that performed well last week. Note that shares performances were based on closing prices last Friday, February 21, as against their prices on February 14, or a week earlier.

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

A computer engineer working intently on a smart home device.

Tuya Inc. (NYSE:TUYA)

Tuya Inc. (NYSE:TUYA), a Chinese AI cloud platform service provider, surged by 36.2 percent week-on-week to close at $4.06 apiece on Friday from the $2.98 finish on February 14 as investors cheered news that the company kicked off the integration of its Artificial Intelligence of Things (AIoT) platform with DeepSeek.

“By leveraging advanced technologies like natural language processing (NLP) and multimodal scene perception, Tuya Inc. (NYSE:TUYA) is driving the transformation of smart devices into “active intelligence,” paving the way for AI applications to reach their full potential,” the company said in a statement on Thursday.

In particular, Tuya Inc. (NYSE:TUYA)’s integration with DeepSeek would have a significant impact on the pet care industry through the synergy between its AIoT platform and DeepSeek’s multimodal AI capabilities.

“These synergies will translate into tangible pet care innovations, and further accelerate the adoption of AI-driven solutions across the pet industry,” it said.

Overall TUYA ranks 1st on our list of the companies that performed well last week. While we acknowledge the potential of TUYA 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 more promising than TUYA but that trades at less than 5 times its earnings, check out our report about the cheapest AI stock.

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Disclosure: None. This article is originally published at Insider Monkey.