WiMi’s Quantum Computing Breakthrough Sparks Sustained Stock Rally

WiMi Hologram Cloud shares have extended their significant upward trajectory, posting a further 4.02% gain yesterday to close at $5.045. This performance caps a remarkable weekly advance of over 19% and brings the stock’s monthly appreciation to nearly 30%.

The company’s recent technological announcements are underpinned by a return to profitability in its 2024 fiscal year. WiMi reported holding liquid assets of approximately 3.266 billion RMB (roughly $455 million USD), providing substantial resources for its ambitious roadmap. The company has outlined plans to invest $450 million into advancing its quantum and holographic technology portfolios.

Charting the Impressive Technical Performance

The stock’s momentum is clearly reflected in its recent trading pattern. Following a 5.77% surge on Monday, the rally continued unabated. Over the... Read more...