NUAI is a Roth SPAC and purported AI data center play whose stock ran up 20x on paid promotions. But it has a CEO with a history of incinerating value at penny stock co’s, and we believe it’s going to be the same story at NUAI. Gray failed at his original plan to produce helium, so he slapped “AI” on the ticker and began peddling data center fantasies.
Read MoreRezolve AI (RZLV): Faking ARR by Acquiring Failing AI Start-ups w/ Declining Revenue; Promotional CEO’s History of False Statements
Rezolve AI is a mobile phone tech company that tried to SPAC and failed in 2021. Management added the letters “AI” to its name in 2023, despite having no AI product, and, low and behold, completed a SPAC in 2024. A bunch of hyped press releases later, and Rezolve reached an ~$2bn valuation even though it had $0 in AI revenue last year.
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