We recently published a list of Five Chinese Firms Dominate Friday’s Top 10 Gainers. In this article, we are going to take a look at where PDD Holdings Inc. (NASDAQ:PDD) stands against the other Friday’s top gainers.

The stock market suffered a bloodbath on Friday, with major indices posting whopping declines, as investors sold off positions for saver havens amid concerns about a slowing economy and sticky inflation.

The Dow Jones fell by 1.69 percent, the S&P declined by 1.71 percent, while the tech-heavy Nasdaq nosedived by 2.20 percent.

Meanwhile, 10 stocks—predominantly Chinese firms—defied a broader market downturn, clocking in gains.

To come up with Friday’s best performers, we considered only the stocks with $2 billion in market capitalization and $5 million in daily trading volume.

A close-up of a customer using the company's e-commerce platform whilst shopping online.

PDD Holdings Inc. (NASDAQ:PDD)

PDD Holdings grew its share prices by 5.57 percent on Friday to end at $131.34 apiece as investors continued to gobble up shares in Chinese firms on growth expectations bolstered by Chinese AI platform DeepSeek.

With Chinese firms and government agencies slowly adopting DeepSeek AI models into their operations, investors are noticeably scrambling to place their bets to take advantage of relatively lower share prices.

PDD, which owns the e-commerce platform Temu, traded higher in line with fellow US-listed Chinese firms namely Alibaba Group Holding Ltd. (NYSE:BABA), Lufax Holding Ltd. (NYSE:LU), Hesai Group Inc. (NASDAQ:HSAI), Tencent Music Entertainment Group (NYSE:TME), and Pony AI Inc. (NASDAQ:PONY).

Investors also appeared to have shunned potential risks for PDD which could face challenges from the growing trade tensions between the US and China, having enjoyed what is called the “de minimis” exemption—a Latin term that means “too small to matter.” This lets packages worth less than $800 be brought to the US without any customs fees.

Overall, PDD ranks 7th on our list of Friday’s top gainers. While we acknowledge the potential of PDD as an investment, our conviction lies in the belief that some AI stocks hold greater promise for delivering higher returns and doing so within a shorter timeframe. If you are looking for an AI stock that is as promising as PDD but that trades at less than 5 times its earnings, check out our report about the cheapest AI stock.

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