XIAO-I is trading 13.55% down at $1.60 after reversing from the prior session’s sharp speculative-momentum rally.
- On October 6, shares rose 22.52% to $1.85 on more than 60 million shares; reporting described the move as momentum-driven, not tied to a clear fundamental catalyst.
- No new company-specific announcement explaining the October 7 decline surfaced in the available results.