XIAO-I Corporation American is trading at $2.72 (-56.55%) after a Shanghai court ruling went against the company in its patent dispute tied to Apple.
- The collapse reflects a sharp unwind of the speculative premium built around the case, reversing earlier surges driven by patent-win optimism.
- The move is company-specific and tied directly to the legal setback rather than broader market weakness.
- Shares previously experienced a pre-market collapse of 53.7% to $2.90 as the ruling wiped out recent gains.