From Yahoo Finance: 2025-04-22 09:44:00

On Monday, the stock market saw significant losses due to concerns about tariffs and the Federal Reserve. The Nasdaq fell 2.55%, the Dow Jones 2.48%, and the S&P 500 2.36%. Despite this, 10 companies, mainly micro- to small-cap stocks, saw strong gains.

MicroAlgo Inc. (NASDAQ:MLGO) had an impressive day, with shares surging by 74.93% to $11.86. Intraday trading saw prices reach $16.50 before settling lower. The rally was attributed to WiMi Hologram increasing its stake in the company to 67.65%.

WiMi Hologram’s move to expand its stake in MicroAlgo Inc. (NASDAQ:MLGO) is part of its strategy to enhance its influence in the AR market. As of March 27, 2025, WiMi holds a significant number of Class A and Class B ordinary shares in MLGO.

While MicroAlgo Inc. (MLGO) performed well, our focus remains on AI stocks for higher returns. Despite MLGO ranking 3rd among Monday’s top performers, we see more potential in AI stocks for better returns in a shorter timeframe. Check out our report on the cheapest AI stock for a promising investment opportunity.

Read more: Why MicroAlgo Inc. (MLGO) Soared on Monday