MicroAlgo’s 30-for-1 Reverse Split Sparks Volatility Ahead of July 2 Vote
MicroAlgo's Reverse Stock Split Announcement: MicroAlgo Inc. plans a 30-for-1 reverse stock split ahead of its Extraordinary General Meeting on July 2, 2025, as part of a restructuring effort to streamline capital and comply with Nasdaq requirements, following a previous 20-for-1 split in early 2025.
Market Reaction and Investor Concerns: The stock fell nearly 15% after the announcement, reflecting skepticism from investors regarding potential dilution and negative earnings, while WiMi Hologram Cloud's significant ownership limits outside influence on company decisions.
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Consumer Tech News (July 7–July 11): Nvidia Hits $4 Trillion, Japan Tariffs Rattle Markets, Hopes Rise For Trump–Xi Summit
Market Milestones and Trade Tensions: Nvidia Corp. became the first company to reach a $4 trillion market cap, while President Trump announced new tariffs on copper and goods from Japan, raising concerns about escalating trade tensions.
Corporate Developments in Tech and Automotive: Major companies like Apple, Intel, and Ford made headlines with significant updates, including Apple's appeal against an EU fine, Intel's AI business spin-off, and Ford's recall of over 850,000 vehicles due to safety issues.
Quantum Stock Watch: ZenaTech's AI-Drone Framework, MicroCloud Hologram Investments Make Waves
ZenaTech's Quantum Prototype: ZenaTech announced the successful development of its first quantum computing prototype aimed at enhancing AI drone solutions, leading to a 12.8% increase in its stock price.
MicroCloud Hologram and IonQ Developments: MicroCloud Hologram revealed advancements in quantum state sharing and plans for significant investments in Bitcoin and quantum technologies, while IonQ raised its stock target after securing $1 billion in funding and being selected for a key project in South Korea.
