Avantor Inc. (AVTR) is one of the worst-performing stocks, losing 23.21% on Wednesday and extending its losing streak to 4 days. The company reported a steep loss in Q3, with a net loss of $711.8 million compared to a $57.8 million net income last year.

Net sales for Avantor Inc. (AVTR) also dropped by 5.9% to $1.6 billion, with a 2.8% negative impact from a merger and acquisition transaction. In the nine-month period, the company swung to a net loss of $582.6 million, with net sales dipping by 3.9% to $4.9 billion.

Avantor Inc. (AVTR) President and CEO Emmanuel Ligner highlighted the company’s strong foundation for value creation, along with changes to improve execution and financial performance. The company is evolving its go-to-market approach, customer value proposition, and strategic investments in manufacturing and supply chain.

While acknowledging the potential of AVTR as an investment, some believe that other AI stocks hold greater promise for higher returns with limited downside risk. Investors seeking an extremely cheap AI stock that benefits from Trump tariffs and onshoring can explore the best short-term AI stock.

Read more at Yahoo Finance: Avantor (AVTR) Loses 23% on Steel Q3 Loss