MINIMAX-WP's stock experienced a significant surge of 5.32% during the intraday session. The move represents a sharp rebound for the AI company's shares.
The rally appears to be driven by multiple factors. The company announced a strategic partnership with Intel to jointly promote an AI Home Brain ecosystem, leveraging MiniMax's multi-modal AI technology. Furthermore, the surge follows a steep cumulative decline exceeding 20% over the prior two trading sessions, generating strong technical demand for a rebound. Sentiment was also supported by public affirmations from major strategic shareholders, Alibaba and Miha You, regarding their long-term commitment to the company.
The company's activities in the AI sector continue to draw attention, having been previously mentioned in industry reports concerning AI model capability extraction campaigns, highlighting its position in the competitive landscape.
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