Shares of Maase Inc. skyrocketed more than 31% Friday, climbing to $9.84 in midday trading on the Nasdaq as investors piled into the small-cap stock following its recent strategic shift toward becoming a full-stack artificial intelligence player through the completed acquisition of China's Huazhi Group.
The stock jumped $2.37, or 31.62%, by 1:45 p.m. EDT, marking one of the sharpest single-day gains in recent sessions for the volatile name. Trading volume surged well above average as retail traders and momentum investors reacted to ongoing enthusiasm around the company's pivot from traditional financial technology and wealth management services into high-growth AI infrastructure and applications.
