Intuitive Machines (LUNR) Gets Battered by Market Pessimism

We recently published Market Shockers: 10 Stocks Collapse by Double Digits. Intuitive Machines Inc. (NASDAQ:LUNR) is one of the best performers on Wednesday.

Intuitive Machines extended losses for a second day on Wednesday, shedding 10.49 percent to close at $11.35 apiece, in line with the broader market as investors flocked to safety amid renewed tensions between the US and China.

Market sentiment weakened after President Donald Trump’s announcement that he would impose export curbs to China made with US software.

According to a report by Reuters, the restrictions would impact a broad range of goods including laptops and jet engines, among others.

The retaliation followed Beijing’s newly imposed policy to curb exports of rare earth products, with foreign entities now required to obtain export licenses.

Additionally, the drop was dampened by the lack of fresh catalysts to spark buying appetite.

In other news, Intuitive Machines Inc. (NASDAQ:LUNR) received a Capability Maturity Model Integration (CMMI) Maturity Level 3, which signifies that it meets the National Aeronautics and Space Administration’s (NASA) standards for Class A human spaceflight, together with well-defined and consistently applied engineering processes.

While we acknowledge the potential of LUNR as an investment, our conviction lies in the belief that some AI stocks hold greater promise for delivering higher returns and have limited downside risk. If you are looking for an extremely cheap AI stock that is also a major beneficiary of Trump tariffs and onshoring, see our free report on the best short-term AI stock.

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