What To Know: Secoo said it has been continuously exploring the application of intelligent content generation technology for luxury-related businesses with a service frequency of over 100 million and a consultation resolution rate of more than 90%.

"In the future, AIGC will lead a new revolution in the digital content field and become the content production infrastructure of luxury e-commerce," the company said.

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Secoo Holding operates an online-offline boutique lifestyle platform in Asia. Monday's move appears to be an overreaction, but it's in line with a trend that has started to emerge in the AI space. 

Several other AI-related names are moving higher and have seen increased investor attention since Microsoft doubled down on its investment in Open AI, the company behind ChatGPT. 

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SECO Price Action: Secoo has a 52-week high of $6.90 and a 52-week low of $1.50.

The stock was up 163.7% at $4.43 at the time of writing, according to Benzinga Pro.

Photo: Gerd Altmann from Pixabay.