New York, July 10, 2026, 11:22 (EDT). Global Mofy AI (NASDAQ: GMM) stock shot up 117% this morning, as volume ran to 107 million shares. That’s about 60 times the normal daily turnover for GMM, making it one of the most heavily traded names right now.
Global Mofy AI Limited NASDAQ:GMM shares soared 116.8% to $4.01 at 11:07 a.m. EDT Friday, after hitting $6.38 earlier in the session. Nearly 107.64 million shares traded—over 60 times the 1.79 million Class A shares the company said would be outstanding after its June reverse split.
The move is mostly about market structure. Global Mofy’s most recent indexed filing with the U.S. SEC, posted June 11, detailed the reverse split. There’s no new filing to explain Friday’s move.
Every time a share trades, it’s counted in volume, but that doesn’t mean new money goes to the company. Still, if all trades happened at Friday’s $2.92 low, the gross trading value would top $314.3 million. That’s almost 44 times the Class A market value of about $7.18 million based on the late-morning price and reported share count.
| Late-morning measure | Value |
|---|---|
| GMM price | $4.01 |
| Change from Thursday close | +116.8% |
| Intraday range | $2.92–$6.38 |
| Reported volume | 107.64 million |
| Stated post-split Class A shares | About 1.79 million |
| Volume divided by Class A shares | 60.1 times |
| Minimum gross trading value | $314.3 million |
| Implied Class A market value | $7.18 million |
Capital structure is another pressure point. Global Mofy raised about $8 million gross in May, selling 8.247 million shares plus the same number of two different warrant series, mainly to boost working capital. These numbers came out before its 1-for-50 consolidation. Warrants can create new shares, and some here come with price resets or allow holders to skip paying the full exercise price in cash. The prospectus flagged “substantial dilution” as a likely risk for shareholders.
Friday’s gains didn’t carry over to other active U.S.-listed AI names. BigBear.ai Holdings Inc NYSE:BBAI dropped 1.4%, SoundHound AI Inc NASDAQ:SOUN lost 3.0%. The Invesco QQQ Trust NASDAQ:QQQ, which tracks the Nasdaq-100, slipped roughly 0.5%. These are mostly trading comps, not direct operating peers. Global Mofy is in virtual-content production and 3D digital assets.
| Security | Late-morning price | Session move |
|---|---|---|
| Global Mofy AI NASDAQ:GMM | $4.01 | up 116.8% |
| BigBear.ai NYSE:BBAI | $3.275 | off 1.4% |
| SoundHound AI NASDAQ:SOUN | $6.48 | down 3.0% |
| Invesco QQQ Trust NASDAQ:QQQ | $720.00 | down 0.5% |
Global Mofy’s annual numbers show mixed fundamentals. Revenue climbed 35.3% to $55.94 million for the year ended September 2025, with operating income at $3.0 million. The company swung to a net loss of $19.3 million from a profit of $12.1 million the prior year. It reported $1.17 million in cash and $3 million in restricted cash. Founder and CEO Haogang Yang described fiscal 2025 as “a pivotal year.” Investors have yet to see a more current full operating statement. GlobeNewswire
Global Mofy’s latest operating update on June 8 said its Mofy Clip segment worked with Hongguo, part of ByteDance’s content network, to co-invest and make two AI-assisted micro-drama series. “This collaboration demonstrates the commercial potential of applying AI-powered production workflows to the micro-drama market,” Chief Technology Officer Wenjun Jiang said. The statement didn’t mention budgets, how much revenue the projects brought in, who owns what, or the expected returns. GlobeNewswire
Global Mofy went for a 1-for-50 reverse split in June after pulling off a 1-for-15 split last November to get back over Nasdaq’s $1 minimum bid. Together, for someone who held through both, that’s a 1-for-750 reverse consolidation overall, not counting fractional share rounding. A reverse split reduces share count but doesn’t create value on its own.
The low share count can flip fast. If Global Mofy drops back to Thursday’s $1.85 close, that’s a 53.9% loss from the late-morning trade. The company pointed out in its prospectus that with a small public float, the stock can swing hard for reasons that don’t come from the business itself. More shares from warrants could add to supply and take away some of the scarcity that drove the action on Friday.
A fresh SEC filing that spells out contract terms, updated cash flow or a new share count could change that picture. For now, Friday’s move looks more like heavy turnover running into a smaller share float after the split, not a confirmed shift in Global Mofy’s earnings strength.
