Why Hesai Group (HSAI) Surged Today

We recently published a list of 10 Stocks That Stole the Show Today. In this article, we are going to take a look at where Hesai Group (NASDAQ:HSAI) stands against other stocks that stole the show today.

Ten mid-cap companies from diverse sectors stood out on Monday, outperforming the lackluster performance of major indices, thanks to a flurry of corporate developments that sparked investor appetite.

While the firms boasted between 5 and 14 percent gains, the Dow Jones rose by only 0.32 percent, while the S&P 500 and the tech-heavy Nasdaq each inched up by 0.09 percent and 0.02 percent, respectively.

In this article, we list the names of the top-performing stocks and detail 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.

Hesai Group (NASDAQ:HSAI)

Hesai Group rallied by 10.07 percent on Monday to end at $19.46 apiece as investor sentiment was boosted by news that it officially filed its intention to list publicly on the Hong Kong Stock Exchange.

According to a report by Bloomberg, Hesai Group (NASDAQ:HSAI) is now working with banks on a potential offering that could take place this year.

While the recent filing does not directly affect shares of the company, the move will provide a safety net to investors, particularly for ADR holders, through continued capital market access and trading liquidity.

Hesai Group (NASDAQ:HSAI) is among the Chinese companies feared at risk of potential delisting from US stock exchanges amid geopolitical tensions between the US and China.

Additionally, Hesai Group (NASDAQ:HSAI) was added to a Pentagon blacklist in 2023 over alleged military ties, an allegation which it earlier debunked.

Overall, HSAI ranks 2nd on our list of stocks that stole the show today. While we acknowledge the potential of HSAI 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 has gone up since the beginning of 2025, while popular AI stocks have lost around 25%. If you are looking for an AI stock that is more promising than HSAI 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.