Group 1 - The core point of the article highlights the dramatic price fluctuations of SoundTalk Technology (02495.HK), which saw its stock price drop over 70% from a peak of 650 HKD per share to a low of 180 HKD per share within a week, erasing significant gains made earlier [1][6][7] - SoundTalk Technology is recognized as the "first interactive AI stock" in Hong Kong, primarily providing information technology solutions aimed at enhancing communication and business interactions for enterprise-level users [3][4] - The company ranked first in the market for full-stack interactive AI solutions for urban management and administrative enterprises in China, according to a report by iResearch [5] Group 2 - Following its listing, SoundTalk Technology's stock initially struggled but surged dramatically from 249 HKD to 650 HKD per share between May 12 and May 19, marking a 263% increase over six trading days, driven by optimistic market sentiment and favorable industry policies [6] - However, the company's fundamentals revealed a significant "expectation gap," with a reported net loss of 489 million HKD, which contributed to the subsequent sharp decline in stock price [6][8] - The stock's decline was exacerbated by concerns over market manipulation, as the average daily trading volume was low, indicating that a small amount of capital could lead to significant price movements [8]