MicroAlgo Shares React to Quantum Simulator Update; Volumes Stay Light
MicroAlgo Inc. rose 1.17% to $5.17 on Nasdaq after announcing new quantum-algorithm simulation technology, with trading volume well below average at 142,930 shares. The company did not disclose any customers or revenue targets for the new product. MicroAlgo’s market cap stood at $64.3 million at Thursday’s close. Broader tech shares were mixed, with the Nasdaq Composite down 0.09%.