We recently published an article titled Why These 10 Stocks Soared Today.In this article, we are going to take a look at where Hesai Group (NASDAQ:HSAI) stands against the other stocks that soared on Tuesday.

The stock market finished Tuesday’s trading on a positive note with all major indices ending in the green, buoyed by the influx of corporate earnings results.

The Dow Jones grew by 0.75 percent, the S&P 500 rose by 0.58 percent, and the Nasdaq was up by 0.55 percent.

Ten companies mirrored the broader market optimism, leading the charge with strong gains, predominantly driven by impressive earnings results.

To come up with the list, we considered only the stocks with a $2-billion market capitalization and $5-million trading volume.Why Hesai Group (HSAI) Went Up On Tuesday

Logistics robots filling packages in a warehouse, preparing for delivery.

Hesai Group (NASDAQ:HSAI)

Hesai Group (NASDAQ:HSAI) extended its winning streak for a seventh straight day on Tuesday, jumping 18.49 percent to end at $18.20 apiece, followed by new lidar technology launches coupled with announcements that it would ramp up its production capacity fourfold this year.

Last week, Hesai Group (NASDAQ:HSAI) founder and CEO David Li Yifan said that the company will expand its manufacturing capacity to 2 million units this year from 502,000 units last year to keep up with the strong demand for its products used in driver-assistance systems in cars.

“We can guarantee capacity expansion to 2 million units within a few months,” he was quoted as saying at a media briefing. “Supply chain will not be an issue. For us, it is just a matter of building more facilities.”

In other news, Hesai Group (NASDAQ:HSAI) recently launched the Infinity Eye, a lidar solution for level 2 to 4 autonomous driving.

According to the company, the new technology includes three configurations—Infinity Eye A, B, and C—each tailored to meet the specific requirements of L4+ high-level autonomous systems, L3 conditional autonomous driving, and L2 assisted driving, respectively.

Overall HSAI ranks 2nd on our list of the stocks that soared on Tuesday. 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 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 HSAI but that trades at less than 5 times its earnings, check out our report about this cheapest AI stock.

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

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