CXApp extended its three-day surge to as much as 1,480%, riding a wave of retail investor interest after listing via a SPAC merger with KINS Technology Group.
Formely Inpixon, now renamed CXApp Holding, the business combination was approved by KINS stockholders on March 10.
The artificial intelligence-powered enterprise software company has jumped from $1.33 to as high as $21 without having released any new updates with the SEC in the period as it becomes the latest stock to ride the AI wave that’s boosted multiple companies this year. It was the most-mentioned stock over the past day in Stocktwits, according to data compiled by Bloomberg.
Even after this week’s searing rallies, CXApp is still a relatively small company with a market capitalization of roughly $200 million, according to data compiled by Bloomberg. The Palo Alto, California-based company started trading March 15. Read more.
