Riot Platforms, Inc. (NASDAQ:RIOT) suffered a 17.75% drop on Friday, extending a losing streak to six days. Disappointing first-half earnings led investors to unload positions amid broader market pessimism. Despite a $219 million net income in Q2, RIOT remains at a net loss of $76.9 million for the period.

Total revenues for RIOT in Q2 reached $153 million, a 118% increase from the same period last year. RIOT shares also fell in tandem with Bitcoin prices after President Trump announced tariffs on US imports. Bitcoin prices were down 1.79% at $113,000.

While RIOT shows investment potential, some believe other AI stocks offer better returns with limited downside risk. A free report highlights an extremely cheap AI stock poised to benefit from Trump tariffs and onshoring.

Read more at Yahoo Finance: Riot Platforms (RIOT) Down Heavily on 6th Day as Earnings Disappoint