Stock Track | MINIMAX-WP Plummets 5.05% Intraday Amid Broad AI Stock Correction and Bubble Concerns

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MINIMAX-WP (00100.HK) saw its stock price plummet by 5.05% during intraday trading on Friday, extending a recent downward trend for the AI model developer.

The sharp decline is part of a broader correction affecting Hong Kong-listed AI model stocks, with market commentary highlighting growing bubble concerns following the meteoric post-IPO rallies of major domestic AI companies. The selloff reflects investor profit-taking and a reassessment of valuations after a period of intense capital market enthusiasm driven by the global AI wave.

The stock's performance marks a continuation of a multi-session selloff, as traders adjust their positions amid a cooling of the previously fervent sentiment towards the AI sector.

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