Leadnaija
We recently published a list of Friday’s 10 Worst Performing Stocks. In this article, we are going to take a look at where Futu Holdings Ltd. (NASDAQ:FUTU) stands against other Friday’s worst performing stocks.
The stock market suffered a bloodbath anew on Friday as investors digested news of a growing trade war, with China making good on its promise with a steep tariff on US goods.
As of 2:55 PM, the S&P 500 lost 5.47 percent of its value, the tech-heavy Nasdaq fell 5.37 percent, and the Dow Jones was down by 5.09 percent.
Following President Donald Trump’s imposition of hefty tariffs on all imports to the US, China on Friday struck back with a 34-percent tariff on US goods. The tariffs will begin on April 10.
Ten individual stocks mirrored a broader market pessimism, recording steep intra-day losses. In this article, let us explore Friday’s worst intra-day performers and the reasons behind their decline.
To come up with the list, we considered only the stocks with a $2-billion market capitalization and $5 million in trading volume.
A brokerage employee huddled with a group of retirees discussing retirement portfolios.
Futu Holdings Ltd. (NASDAQ:FUTU)
Futu Holdings declined for a second day on Friday, losing 16.81 percent at intra-day trading on broader market pessimism, shunning news that it launched DeepSeek-powered tools for investors.
With Futubull AI, the company was among the 20 Chinese brokers and fund managers that have embraced the power of AI.
According to FUTU CEO Leaf Li Hua, Futubull AI incorporates up-to-date market data, including financial reports, research papers, online discussions from Futu’s investor community, as well as stock quote information the company purchased from Nasdaq.
With the integration of DeepSeek, brokers were expected to change the way they conduct research, manage risks, make investment decisions, and interact with clients.
Overall, FUTU ranks 3rd on our list of Friday’s worst performing stocks. While we acknowledge the potential of FUTU 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 FUTU but that trades at less than 5 times its earnings, check out our report about this cheapest AI stock.
Disclosure: None. This article is originally published at Insider Monkey.
