Stock Market Today, Jan. 15: Grab Slides After AI Logistics Investment Fails to Offset Share Price Weakness

Grab (NASDAQ:GRAB), Southeast Asia superapp for mobility and payments, closed Thursday at $4.39, down 5.18%. The stock is sliding as recent coverage emphasizes week- and month-long share price weakness and intrinsic-value debates, and investors are watching whether fundamentals and AI-driven logistics investments can stabilize sentiment.
Trading volume reached 111 million shares, about 133% above its three-month average of 48.4 million shares. Grab IPO'd in 2020 and has fallen 63% since going public.

How the markets moved today

The S&P 500 (SNPINDEX:^GSPC) added 0.26% to finish Thursday at 6,945, while the Nasdaq Composite (NASDAQINDEX:^IXIC) gained 0.25% to close at 23,530. Within superapp services encompassing ride-hailing, food delivery, and digital payments, Uber Technologies (NYSE:UBER) closed at $84.38, down 0.32%, and Lyft (NASDAQ:LYFT) ended at $18.88, down 0.21%, underscoring modest pressure across sector rivals.

What this means for investors

While there was no specific news today to cause the drop in Grab stock, it continues a trend seen over the past week as shares have dropped 10% over the last five trading days and 13% over the past month. Last week, Grab announced the acquisition of Infermove, a Chinese AI robotics firm, to improve its first- and last-mile delivery efficiency. Like all acquisitions, this could cause near-term margin challenges but improve margins over time. Investors should keep an eye on how this acquisition plays out over the coming quarters.

Down more than 60% since its IPO, the market has yet to give the company the benefit of the doubt on whether it can reach consistent long-term cash generation and profitability.

Jeff Santoro has no position in any of the stocks mentioned. The Motley Fool has positions in and recommends Lyft and Uber Technologies. The Motley Fool recommends Grab. The Motley Fool has a disclosure policy.