Why XPeng Inc. (XPEV) Went Up On Monday?

We recently published a list of 10 Firms Kick Off Trading Week Stronger. In this article, we are going to take a look at where XPeng Inc. (NYSE:XPEV) stands against other firms that kicked off the trading week stronger.

The stock market began the trading week on a mixed note as investors continued to digest President Donald Trump’s new tariff agenda, with all economies expecting to be hit by import taxes.

Among all major indices, only the Nasdaq registered losses, down 0.14 percent. In contrast, the Dow Jones jumped by 1 percent while the S&P 500 grew by 0.55 percent.

Despite the broader market downturn, 10 individual stocks stood their ground, finishing the day in the green amid a flurry of fresh corporate developments that boosted investor appetite.

In this article, we named Monday’s top performers and detailed the reasons behind their gains.

To come up with the list, we considered only the stocks with a $2 billion market capitalization and $5 million in trading volume.

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XPeng Inc. (NYSE:XPEV)

XPeng snapped a seven-day losing streak on Monday, rising 5.18 percent to close at $20.72 apiece as investors resorted to bargain-hunting to take advantage of its cheap valuation.

In recent news, XPEV opened a new technology center in Hong Kong to showcase its mobility innovations powered by Artificial Intelligence.

Called XPENG Tech Center, the new facility displays robots powered by AI self-developed chips and other cutting-edge technologies.

“Through this new space, we hope to bring them closer to [XPEV]’s innovations, from autonomous driving to intelligent cockpit technology and our future mobility solutions such as AI chips and humanoid robots. With the launch of the X9 in Hong Kong, we look forward to providing a more intelligent and seamless driving experience while leveraging the city’s global connectivity to support XPENG’s broader international development,” said XPEV Vice Chairman and President Brian Gu.

Overall, XPEV ranks 5th on our list of firms that kicked off the trading week stronger. While we acknowledge the potential of XPEV 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 time frame. If you are looking for an AI stock that is as promising as XPEV but 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 30 Best Stocks to Buy Now According to Billionaires.

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