NASDAQ:MLGO 15 May 2026 - 20 May 2026

MicroAlgo Inc. stock surged 39.95% Wednesday after the Shenzhen-based algorithm developer announced a proposed quantum image edge-extraction algorithm for noisy images. The news fueled heavy trading in MLGO, a small-cap name known for big swings. Shares finished the day at $5.36 after hitting $6.87 earlier, then dipped to $5.22 in after-hours trading, which means trades after the closing bell.

MicroAlgo Inc. rolled out a new claim on Thursday, touting a multi-objective evolutionary algorithm for automating quantum circuit design. The Shenzhen firm, which trades on the Nasdaq, says the tool targets the creation of the gate-level instructions essential for running software on quantum computers. Shares swung sharply ahead of Friday’s U.S. open after the announcement.