XIAO-I is trading at $1.11 (-8.26%) in pre-market, extending losses after a steep 21.43% drop during the July 20 session.
- The move appears to be idiosyncratic follow-through weakness, as there is no clear company-specific news or earnings releases to account for the continued selling pressure.
- The decline occurs despite a broader risk-on sentiment in the market, with Nasdaq futures currently trading higher.