🔴 Hesai Group is trading 4.43% down in pre-market as disappointing Alphabet results pressure tech shares

Hesai Group is trading at $13.22, down 4.43%, amid weakness in technology and semiconductor shares as investors react to disappointing Alphabet results and concerns about returns on AI spending.

• Hesai Group closed at $13.83 on October 28.
• Samsung shares fell after its semiconductor profit missed expectations, adding pressure on chip shares.
• No fresh company-specific catalyst was identified; the company’s next results are scheduled for November 10.