Right, right, right, it will continue to fall tomorrow, 2333
Nuobikan Back To Earth After Spectacular Debut
Nuobikan Artificial Intelligence Technologyhas seen a dramatic decline in its stock price, falling over 30% after announcing a 500 million yuan contract. Despite a strong debut with a 364% increase at its IPO, the company's inflated price-to-earnings ratio of around 100 times raises concerns. Founded in 2015, Nuobikan's revenue growth has been modest, with profits hindered by rising expenses. The stock's recent plunge suggests a potential correction, as its valuation appears unsustainable given its financial performance.
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