We recently compiled a list of the 10 Stocks Firm Up Amid Cautious Trading. In this article, we are going to take a look at where XPeng Inc. (NYSE:XPEV) stands against the other stocks.

Wall Street extended its lackluster performance on Tuesday, with two major indices finishing with only slight changes amid a series of key factors keeping investor sentiment neutral.

Only the Dow Jones finished in the green territory, posting a 0.37 percent gain. In contrast, the S&P decreased by 0.47 percent while the tech-heavy Nasdaq fell by 1.37 percent.

During the last trading session, ten companies defied a generally cautious market, albeit posting only modest gains. In this article, we have detailed the reasons behind their stronger performance.

To come up with Tuesday’s top gainers, we considered only the stocks with $2 billion in market capitalization and $5 million in daily trading volume.

A close-up of a luxury electric sports sedan, its sleek body reflecting the energy of progress.

XPeng Inc. (NYSE:XPEV)

XPeng Inc. (NYSE:XPEV) saw its share prices rise by 5.46 percent on Tuesday to close at $19.13 apiece as investors cheered the company’s aggressive international market expansion.

The rally came after news that it officially launched its G6 and G9 SUVs in Finland while signaling plans to open two showrooms in Helsinki and Espoo within the year.

Meanwhile, XPeng Inc. (NYSE:XPEV) also confirmed that it would launch its G7 models in Australia in 2026 and will undercut the Tesla Model Y in terms of pricing.

Earlier this month, XPEV CEO He Xiaopeng said that the company targets to increase its international market portfolio to 60 this year from 30 countries in 2024.

“This year, we will increase to 60 and will have established more than 300 after-sales service points worldwide,” he said.

Over the next 10 years, he said that the international markets are expected to power its sales.

Overall XPEV ranks 5th on our list of Tuesday's top gainers. While we acknowledge the potential of XPEV as an investment, our conviction lies in the belief that some AI stocks hold greater promise for delivering higher returns and doing so within a shorter time frame. If you are looking for an AI stock that is more promising than XPEV but that trades at less than 5 times its earnings, check out our report about the cheapest AI stock.

 

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