Inno Holdings Inc. (NASDAQ:INHD) shares surged 3,660.95% on Monday before slipping 2.18% in after-hours trading.

INHD shares closed at $39.49 on Monday and were trading at $38.63 in after-hours trading.

The stock surged after Inno Holdings announced a development services agreement to build an AI-powered used mobile phone sales agent system.

Inno Holdings is an electronic products trading company with operations primarily in Hong Kong. The company focuses on sales and distribution of electronic products and is expanding its presence in the used mobile phone trading market.

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AI Project Drives Rally

The move came after Inno Holdings announced a $3 million development services agreement with a Hong Kong-based AI service provider.

Under the agreement, the service provider will develop an AI-powered sales agent platform for the company’s used mobile phone trading business. The project is expected to include an intelligent sales conversion system, automated customer acquisition tools, AI-driven product recommendation engines and integrated data analytics capabilities.

CEO Ding Wei said the company believes AI-driven automation can create competitive advantages in the used mobile phone market and help improve customer conversion rates, inventory pricing accuracy and transaction efficiency.

The company noted that the project remains in the early stages of development and has not yet been deployed commercially.

Trading Metrics

Inno Holdings has a market capitalization of approximately $178.5 million, a 52-week high of $7,632 and a 52-week low of $1.01.

Despite Monday’s rally, INHD shares remain down 93.77% over the past 12 months. Since the year began, the stock has risen 51.9%.

Price Action: INHD shares closed Monday’s session at $39.49 after surging 3,660.95% and slipped 2.18% to $38.63 in after-hours trading.

Benzinga Edge Stock Rankings indicate INHD has negative short-term, medium-term and long-term price trends.

Disclaimer: This content was partially produced with the help of AI tools and was reviewed and published by Benzinga editors.

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