Why Rezolve AI Stock Skyrocketed This Week
At 12:12 p.m. ET on Friday, shares of Rezolve AI (NASDAQ: RZLV) were up by a staggering 64.4% since last Friday's closing bell, according to data from S&P Global Market Intelligence. Most of the gain accumulated between Tuesday and Thursday. The maker of artificial intelligence (AI) tools that enhance shopping experiences had a busy week, with a couple of market-moving announcements.
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Earlier this week, Rezolve's management declared that the stock looked undervalued. Based on the market-darling valuations attributed to privately held AI developers Anthropic and Sierra AI, Rezolve should have a market cap of at last $3.6 billion -- and a $10 billion valuation would also be reasonable. Rezolve's market cap was $1.37 billion at the time.
Source Fool.com
