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micro cloud hologram (NASDAQ:Holo) Stocks rose Wednesday in what appeared to be an example of speculative traders betting on the holographic technology company’s stock.
HOLO stock has already seen heavy trading this morning, with over 5.8 million shares changing hands. This is expected to exceed the company’s average daily trading volume of approximately 6.7 million shares. It’s also worth noting that the company’s float is around 950,000 units.
It’s worth mentioning that there is no recent news from MicroCloud Hologram today that would cause the stock price to rise. This also includes the lack of press releases or submissions from the company.
What’s behind the HOLO stock price rise?
One thing that may be impacting HOLO stock is the recent increased interest in artificial intelligence (A.I.) companies. MicroCloud Hologram operates in this space by integrating AI into its holographic technology.
Another potential reason for the rise is the upcoming Nvidia (NASDAQ:NVDA) GPU Technology Conference (GTC). This is scheduled to begin on March 18th and could be a catalyst for HOLO stock.
When Nvidia makes news, it often causes a rally in other AI stocks. This could be one of the reasons why traders have been paying special attention to HOLO lately.
HOLO stock was up 30.5% as of Wednesday morning.
Investors looking for the latest news on the stock market today are in luck!
Wednesday has all the latest stock market news investors need to know.That includes everything that’s happening there Soundhound AI (NASDAQ:early clouds) stock, Eli Lilly (New York Stock Exchange:Lily) Inventory and dollar tree (NASDAQ:DLTR) Today’s stock. You can keep up to date with all this through the following links:
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Publication date, William White did not have any positions (directly or indirectly) in any securities mentioned in this article. The opinions expressed in this article are those of the writer and are influenced by InvestorPlace.com. Publishing guidelines.
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