Xiaomi's MiMo Claw AI Debut and Buyback Leave Stock at 52-Week Low

Xiaomi unveils MiMo Claw AI assistant and repurchases HK$102.6M in shares, but stock remains in oversold territory as EV losses weigh on sentiment.

Xiaomi rolled out a new artificial intelligence tool on Tuesday while simultaneously spending more than HK$100 million to repurchase its own shares, yet the stock continued to hug its 52-week low. The disconnect between the company's product ambitions and market sentiment has rarely been wider.

The cloud-based assistant, dubbed MiMo Claw, gives users access to Xiaomi's proprietary AI model and agents running on the MiMo-V2.5-Pro architecture, which is optimised for the OpenClaw framework. The system can handle complex tasks with long-term memory support and execute over 1,000 consecutive tool calls per session without losing context. At launch, Xiaomi doubled the daily free usage window from one hour to four, though international subscriptions are not yet available.

The tool's debut coincided with a fresh bout of share repurchases. On June 16, the company bought back 4 million Class-B shares for approximately HK$102.6 million. The buyback programme, approved by shareholders on June 2, allows Xiaomi to repurchase up to HK$20 billion of its own equity over the next twelve months. Despite the show of confidence, the stock traded at €2.78, a mere 0.74% above the day's 52-week low and roughly 38% below its level at the start of the year. The relative strength index has fallen to 28, placing the shares in deeply oversold territory. From its June 2025 peak of €6.69, the stock has lost more than half its value.

The EV division remains a major drag on sentiment. Vice President Song Gang recently warned that profit margins in the electric vehicle segment are "extremely thin" and that survival hinges on efficient supply chains. Xiaomi is pursuing deep vertical integration, developing its own chips and AI to cut manufacturing costs as it prepares for a pricing war with premium automakers. The losses are mounting quickly: Goldman Sachs analysts forecast a 50% plunge in adjusted net profit for the second quarter, driven by heavy start-up costs in the EV unit. The company has also filed for regulatory approval of a new electric model with a range-extender — a small combustion engine acts as a generator — to broaden its appeal beyond pure battery cars.

On the hardware side, Xiaomi launched international sales of the Redmi Turbo 5 in India on the same day. The smartphone features a Dimensity 8500-Ultra chipset, a 7,560 mAh silicon-carbon battery that the company claims delivers more than two days of use, and 100-watt fast charging. The device is part of the group's strategy to better monetise its global base of 746 million active users.

The heavy selling has brought the shares close to a critical support level at €2.79. If that floor gives way, further downside could follow. Xiaomi is expected to report its second-quarter results in August, giving investors their next real chance to gauge whether the combination of AI services, buybacks, and new hardware can begin to reverse the slide. Until then, the market's verdict remains harsh.