Gaxos.ai Inc gxai The shares are trading flat at $1.147 during Wednesday’s session and falls after acquiring AI technology to enhance content creation services, earning a pre-market market of around 16% to $1.29.
What you need to know: Gaxos.ai has acquired Advanced AI Technology to bolster Gaxos Labs and its broader AI initiatives and enhance its content creation services. gaxos.ai’s move will enhance the company’s capabilities in automating text-to-speech, image generation, video assembly, narration, styling and scripting, offering new possibilities for users and businesses.
“This acquisition will quickly strengthen our AI ecosystem,” said CEO Vadim Mats. “By integrating this technology, we are overcharging our product capabilities and accelerating the future of AI-powered content creation.”
The company says the acquisition is in line with Gaxos.ai’s strategy to expand artificial intelligence solutions across the industry.
Also Read: Private employment rose 77,000 in February, well below forecast of 144,000.
How to buy GXAI stocks
In addition to going to the brokerage platform to buy shares or fractional shares of the stock, you can also access the stock by purchasing an Exchange Traded Fund (ETF) that holds the shares itself, or by assigning it to a 401(k) strategy that attempts to acquire the shares by mutual funds or other means.
For example, in Gaxos.ai, it is in the communications services sector. ETFs hold many liquid and large corporation stocks that help track that sector, allowing investors to be exposed to trends within that segment.
According to data from Benzinga Pro, the GXAI’s highest price is $16.27 and its 52-week low is $1.01.
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