XIAO-I Corporation American is trading at $8.39 (-5.14%) as it extends a sharp slide following last week’s speculative AI-patent rally.
- Traders continue to lock in gains after the stock’s recent outsized surge, leading to a multi-day pullback.
- Recent trading has been highly volatile, with the share price repeatedly swinging double digits over the past week.
- The move appears to be driven by stock-specific profit-taking rather than broader market trends.