Hesai Group is trading 5.8% lower at $12.32 amid broader risk-off pressure.
- No clear company-specific overnight catalyst explains the decline; the October 21 full-color lidar announcement was not reported as a direct trigger.
- Technology and chip stocks faced renewed selling as investors reassessed AI spending after Tesla and Meta results; rising oil prices and geopolitical tensions also weighed on sentiment.
- A report noted Hesai fell alongside Chinese technology and EV companies.