These 10 Stocks Bleed Heavily

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1. MicroCloud Hologram Inc. (NASDAQ:HOLO)

MicroCloud Hologram declined by 14.91 percent on Monday to end at $5.88 apiece as investors appeared to have taken profits following four consecutive days of gains.

Last week, MicroCloud Hologram Inc. (NASDAQ:HOLO) announced investing up to $200 million in Bitcoins and cryptocurrency-related securities derivatives, generating as much as $34 million in income.

According to the company, it currently holds $394 million in cash reserves and plans to allocate the total amount toward derivatives and technology development in cutting-edge fields such as Bitcoin-related blockchain, quantum computing, quantum holography, and AI-powered AR.

MicroCloud Hologram Inc. (NASDAQ:HOLO) said that purchasing Bitcoin and cryptocurrency derivatives is a key initiative in its exploration of the cryptocurrency market, helping it gain insights into market mechanisms, price fluctuations, and investment strategies.

While we acknowledge the potential of HOLO to grow, our conviction lies in the belief that some AI stocks hold greater promise for delivering higher returns and have limited downside risk. If you are looking for an AI stock that is more promising than HOLO and that has 100x upside potential, check out our report about this cheapest AI stock.

READ NEXT: 20 Best AI Stocks To Buy Now and 30 Best Stocks to Buy Now According to Billionaires.

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