Next Technology Holding Inc. declined 4.80% in intraday trading. The drop in stock price may be attributed to the broader market sentiment, as hedge funds have shifted their bets to double down on Big Tech amid AI growth, potentially leading to reduced interest in other sectors. Additionally, the recent public offering closure by Ondas Holdings Inc. and the strategic alliance with Digital Innovations Holding Group may have diverted investor attention away from Next Technology Holding Inc.
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