We recently published a list of Bitcoin Miners Dominate Tuesday’s 10 Best-Performing Stocks. In this article, we are going to take a look at where Hesai Group (NASDAQ:HSAI) stands against other Tuesday’s best-performing stocks.

The stock market bounced back on Tuesday, erasing losses in the previous day, as investors snapped up shares on news that the US-China trade tensions could possibly subside.

The Dow Jones rallied by 2.66 percent, the S&P 500 rose by 2.51 percent, and the Nasdaq surged by 2.71 percent.

On Tuesday, news reports said that US Treasury Secretary Scott Bessent believed there would be a de-escalation between the US and China, describing future negotiations as a slog that has not started yet. The news buoyed trading in several financial markets, including cryptocurrency, with Bitcoin jumping 5 percent to trade above the $91,000 level.

The rally spilled over into 10 companies, predominantly Bitcoin miners. In this article, we have listed the 10 top-performing firms on Tuesday and detailed the reasons behind their gains.

To come up with the list, we considered only the stocks with more than $1 billion in market capitalization and $5 million in 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 rallied by 12.75 percent on Tuesday to finish at $13.09 apiece as investor sentiment was fueled by its launch of a new light detection and ranging (lidar) technology to support autonomous driving systems.

On Monday, HSAI said it officially launched the Infinity Eye, a lidar solution for level 2 to 4 autonomous driving.

According to the company, the solution 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.

The company also introduced to the market three next-generation automotive-grade lidar products, namely the ETX ultra-long-range lidar, the AT1440 ultra-high-definition lidar, and the FTX fully solid-state blind spot lidar.

In other news, HSAI recently broke ground for its first overseas factory to shield itself from the growing trade tensions between the United States and China.

In a report by the Financial Times, HSAI is slated to build its first overseas plant next year as it looks to build production lines overseas in addition to its factories in China, “to avoid risks related to geopolitics and tariffs.”

Overall, HSAI ranks 7th on our list of Tuesday’s best-performing stocks. 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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