Inno Holdings is now under an SEC T12 trading halt over possible manipulation, and 99% of such halts end with the stock back below $1 or where it opened. The halt lasts at least 90 days and can run up to a year, freezing holders' funds the whole time. Even before it, the bear case was that this is a Chinese stock, a group known for large pump-and-dumps, with an offering ready that could crash the price. x.com  x.com 

Inno Holdings' 3,661% jump on a $3M AI deal is AI mania finding a company that needed saving, not a business that found AI. The Hong Kong used-phone seller had $931K of quarterly revenue and a $1.08M net loss, and has done three reverse splits since October 2024 to stay on Nasdaq. The AI project has an unnamed provider, is in early development, undeployed, with no revenue or timeline. A $60M at-the-market offering was active, so new shares could be sold into the rally; Nasdaq halted the stock. … Show more

Cerebras shows the danger of chasing hot IPOs: buyers after its 100% first-day jump became exit liquidity for big sellers, and the stock has now given back nearly all of its post-IPO gains. x.com