We recently published a list of These 10 Stocks Were Wednesday’s Worst Performers. In this article, we are going to take a look at where TAL Education Group (NYSE:TAL) stands among Wednesday’s worst-performing stocks.

The stock market declined on Wednesday, with all major indices finishing in the red, driven by losses in technology stocks.

The Nasdaq dropped 0.51%, while the S&P 500 and Dow Jones fell 0.47% and 0.31%, respectively.

Ten companies, mostly from the technology sector, led the downturn.  In this article, we will highlight the biggest decliners and examine the factors driving their performance.

To identify Wednesday’s biggest losers, we focused on stocks with a market capitalization of at least $2 billion and a daily trading volume of over $5 million.

A teacher providing personalized instruction to a student in a small class environment.

TAL Education Group (NYSE:TAL)

TAL Education Group (NYSE:TAL) dropped its share prices by 4.25 percent on Wednesday to finish at $12.4 each as investors sold off positions amid the lack of fresh catalysts to perk up buying appetite.

Just recently, TAL Education (NYSE:TAL) reported a 62.4-percent surge in revenues to $606.4 million from the $373.5 million reported year-on-year. The strong performance resulted in the company’s swing to profitability, with net income ending at $38.6 million versus a net loss of $1.9 million in the same period last year.

Operating loss also narrowed by 81 percent to $1.9 million from $10.2 million year-on-year.

Earlier this month, TAL Education (NYSE:TAL) launched what it called a “Genius Tutor,” an AI-powered system that transforms learning into an interactive and engaging experience.

Overall, TAL ranks 7th on our list of Wednesday’s worst-performing stocks. While we acknowledge the potential of TAL 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. If you are looking for an AI stock that is more promising than TAL but that trades at less than 5 times its earnings, check out our report about the cheapest AI stock.

READ NEXT: 20 Best AI Stocks To Buy Now and Complete List of 59 AI Companies Under $2 Billion in Market Cap

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