Aurora Innovation (AUR) Falls to 52-Week Low Over Net Loss

We recently published 10 Stocks Lead Wall Street Downward Spiral. Aurora Innovation, Inc. (NASDAQ:AUR) is one of the worst-performing stocks on Tuesday.

Aurora Innovation declined for a second day on Tuesday to hit a new 52-week low amid lingering caution over its financial performance.

At intra-day trading, the stock fell to its lowest price of $4.48 before trimming gains to finish the day just down by 11.19 percent at $4.485 apiece.

Last week, Aurora Innovation, Inc. (NASDAQ:AUR) said it narrowed its net loss in the third quarter of the year by 3.4 percent to $201 million from $208 million in the same period last year.

It also incurred a revenue of $1 million across driverless and vehicle operator-supervised commercial loads.

Operating loss—which included a $51 million stock-based compensation (SBC)—increased by 13 percent to $222 million from $196 million year-on-year.

“For the remainder of the year, we will continue to focus on expanding driverless operations and advancing our programs to support our 2026 scaling objectives to accelerate our first-mover advantage to reinforce our leadership position,” said Aurora Innovation, Inc. (NASDAQ:AUR) Chief Finance Officer David Maday.

In other news, Aurora Innovation, Inc. (NASDAQ:AUR) said it expanded its driverless trucking services to El Paso, Texas, after surpassing 100,000 driverless miles on public roads.

It said it also plans to deploy hundreds of driverless trucks with its next-generation Aurora Driver hardware in 2026, fortifying a clear path to meet strong customer demand.

While we acknowledge the potential of AUR 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.

READ NEXT: 30 Stocks That Should Double in 3 Years and 11 Hidden AI Stocks to Buy Right Now.

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