Extreme Vision's stock plummeted 6.69% during intraday trading on Monday, extending a pullback from recent highs as investors took profits and the broader technology sector faced selling pressure.
The decline follows a pattern of sustained profit-taking after the stock surged over 25% last week, reaching a post-listing high. The previous rally was driven by strong AI concept sentiment and a major shareholder depositing a significant portion of shares into a securities brokerage account.
Broader weakness in the Systems Software sector also contributed to the decline, with several major AI and technology names experiencing significant drops during the same trading session.