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Gores Holdings VI (NASDAQ:GHVI) gained 11.3% in May, according to data from S&P Global Market Intelligence. Despite sell-offs for many special purpose acquisition company (SPAC) stocks last month, the Gores Group acquisition vehicle managed to post double-digit gains in the period.
There doesn t appear to have been any big company-specific news powering Gores Holdings VI s gains last month, but the stock may have gained ground because of mounting excitement about augmented reality (AR) technology. The SPAC is set to take 3D-camera and mapping technology company Matterport public through an upcoming merger, and signs that the AR space could begin to go mainstream likely triggered gains for the stock.
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