SES AI (SES) Sheds 6% on Profit-Taking

We recently published 10 Big Names Crumbling Before 2026. SES AI Corporation (NYSE:SES) is one of the worst performers on Tuesday.

SES AI dropped its share prices for a third day on Tuesday, losing 6.28 percent to close at $1.79 apiece as investors continued to take profits from the recent Christmas rush.

Last Monday, SES AI Corporation (NYSE:SES) presented at the 5^th annual Battery World, where it unveiled its latest version of Molecular Universe (MU-1.5) and details on its new features, trained on the Company’s proprietary molecular databases and domain knowledge.

In other news, SES AI Corporation (NYSE:SES) also announced plans to collaborate with Top Material to boost cell manufacturing capacity in Korea for drones and urban air mobility (UAM) applications, with a definitive agreement expected to be signed in the first quarter of 2026.

SES AI Corporation (NYSE:SES) said that the partnership aims to support a robust, secure, and cost-efficient battery supply chain for its drone customers, as well lay the foundation for compliance with the US National Defense Authorization Act.

“We have operated our Chungju, South Korea, facility since 2021 and have worked closely with Top Material on multiple programs over the past several years. They are a trusted and proven partner to help us as we continue to scale our manufacturing capacity to support growing demand across drones and advanced mobility applications,” said CEO Qichao Hu.

While we acknowledge the potential of SES 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.