ProCap Insights · May 21, 2026
2 AI stocks just doubled. They both trap retail investors for different reasons.
Rackspace and Innodata are two small caps that both ripped on AI headlines in the same two weeks of May 2026 and look identical from a price chart. They are not the same trade — one is a debt-laden short squeeze priced on a non-binding AMD memo, the other is a real business priced for perfection — and pulling them apart is the cleanest live case study of how to tell signal from squeeze.