MicroCloud Hologram (HOLO) stock price collapsed by almost 90% this year, making it one of the worst-performing companies on Wall Street.This decline has brought its market cap to over $147 million.
I wouldn't personally recommend relying on social media sensations to make investment decisions. Nor would I suggest putting yourself at the mercy of a group of meme stock investors with enough capital to manipulate a low-value stock.
China's MicroCloud Hologram (NASDAQ: HOLO ) is generating very low revenue, and its sales have declined sharply in recent quarters. What's more, demand for its technology is unlikely to surge anytime soon.