Why XPeng Inc. (XPEV) Went Up On Wednesday

We recently published a list of These 10 Firms Topped Wednesday’s Trading. In this article, we are going to take a look at where XPeng Inc. (NYSE:XPEV) stands against other firms that topped Wednesday’s trading.

Wall Street’s major indices rebounded anew on Wednesday as worries about tariff policies and the Federal Reserve’s independence tapered off after President Donald Trump assured that he had no intentions of ousting Jerome Powell.

The Nasdaq surged by 2.5 percent, the S&P 500 rose by 1.67 percent, while the Dow Jones increased by 1.07 percent.

Ten companies mirrored the broader market optimism as optimistic investors resumed pouring funds into their stocks. In this article, we have identified Wednesday’s 10 best-performing stocks during the intra-day trading and detailed the reasons behind their strong performance.

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

A close-up of a luxury electric sports sedan, its sleek body reflecting the energy of progress.

XPeng Inc. (NYSE:XPEV)

Chinese EV-maker XPeng Inc. rose for a second day on Wednesday, jumping 10.38 percent at intraday trading before ending the day up by 7.32 percent at $20.47 apiece as investors cheered news of a surge in deliveries in the first quarter of the year, coupled with the upcoming launches of more vehicles.

In a statement on Wednesday, XPEV said global deliveries in the first quarter of the year expanded by 370 percent to 94,008 units from the same period a year earlier, putting its total global deliveries to 700,000 units.

Additionally, its newly unveiled XPENG X9 variant alone received 6,000 firm orders within just seven days from launch.

XPEV also launched what it touted as the next-generation AI brain called XPENG World Foundation Model with 35 times the parameters of conventional vision-language-action models, enabling real-time adaptation to complex driving scenarios. The system’s self-optimizing capabilities enable real-time adaptation to unfamiliar driving scenarios.

Overall, XPEV ranks 9th on our list of firms that topped Wednesday’s trading. While we acknowledge the potential of XPEV 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 XPEV 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.