Used Phone Seller Adds 31x Its AI Deal Value in a Single Day

BeInCrypto Editorial

(12:06 PM UTC)

1 min read

Shares of Inno Holdings (INHD), a Hong Kong used phone reseller, jumped roughly 3,661% on Monday to close near $39.49 after the company disclosed a $3 million contract to build an AI sales agent.

The one day move added about $95 million in market value, roughly 31 times the size of the deal. The reaction has revived a sharp question about whether AI hype now sets prices that fundamentals cannot…

COINOTAG does not provide financial advisory services. This content is for informational purposes only and should not be considered investment advice. Cryptocurrency investments involve high risk.

Add COINOTAG as a Preferred Source

Add COINOTAG to your preferred sources in Google News and Search to see our coverage first.

Add on Google

Comments