Traders Ditched These 10 Stocks. Here’s Why

Ten firms saw significant declines in their valuations on Thursday as investors remained increasingly cautious about the general market environment, with the US and the European Union yet to strike a new trade tariff deal.

The stocks defied a broader market optimism, with Wall Street’s main indices all settling in the green. The Dow Jones was up by 0.28 percent, the S&P 500 grew 0.40 percent, and the tech-heavy Nasdaq rallied 0.39 percent.

In this article, we named the 10 top losers and detailed the reasons behind their weak performance. To come up with the list, we considered only the stocks with a $2 billion market capitalization and $5 million in trading volume.

10. Pony AI Inc. (NASDAQ:PONY)

Shares of Pony AI dropped for a second day on Thursday, shedding 7.10 percent to close at $17.15 apiece as investors continued to book profits from its recent price surge.

Pony AI Inc. (NASDAQ:PONY), a China-based robotaxi company, is slowly expanding globally with its planned entry into Dubai and other key markets in the Middle East.

On Tuesday, it joined forces with Dubai’s Roads and Transport Authority (RTA) for the deployment of its robotaxi fleet in the region in support of the city’s 2030 Smart City Vision, which targets to transition 25 percent of its transportation to autonomous mode by 2030.

According to the company, initial supervised trials are set to launch in 2025, followed by fully driverless operations in 2026.

Additionally, Pony AI Inc. (NASDAQ:PONY) plans to start mass production and deployment of its seventh-generation robotaxis in the second half of 2025, as well as ramp up its robotaxi fleet globally to thousands of vehicles within the next two years.

The company also said that it collaborated with industry leaders such as Toyota, GAC Motor, and BAIC Motor to develop its seventh-generation robotaxis.

9. Rigetti Computing, Inc. (NASDAQ:RGTI)

Rigetti Computing declined for a second day on Thursday, dropping 7.13 percent to finish at $13.15 apiece as investors continued to book profits while repositioning portfolios amid the ongoing market uncertainties.

Last Tuesday, Rigetti Computing, Inc. (NASDAQ:RGTI) rose to a four-month high of $14.19, after closing at $18.39 on January 7.

In the first quarter of the year, Rigetti Computing, Inc. (NASDAQ:RGTI) swung to a net income attributable to shareholders of $38.2 million versus a $20.77 million net loss in the same period last year.

Revenues, on the other hand, fell by 52 percent to $1.47 million from $3.05 million in the same period last year, as loss from operations expanded by 30 percent to $21.6 million from $16.58 million year-on-year.

Rigetti Computing, Inc. (NASDAQ:RGTI) is banking on the series of partnerships it clinched recently, including its inclusion to the Defense Advanced Research Projects Agency’s Quantum Benchmarking Initiative, leading of a 3.5-million euro consortium to advance quantum error correction capabilities on superconducting quantum computers in the UK, among others.