Geometry Dash APK Hill Climb Racing APK
67.1 F
New York
Saturday, June 3, 2023

Artificial Intelligence Technology Solutions (OTCMKTS:AITX) Regains Momentum at a Critical Time

Must read

Net Savings Link Inc (OTCMKTS:NSAV) Goes Parabolic Ahead of Important Event

As far as cryptocurrency and blockchain companies are concerned, there are many options nowadays for investors to explore.

American Diversified Holdings Corp (OTCMKTS:ADHC) Nears Critical Level

When a stock records significant gains and then crashes and repeats over the course of a few months, then it might be...

Reconnaissance Energy Africa Ltd (OTCMKTS:RECAF) Gathers Further Momentum

If you are currently looking for stocks that may have recorded massive gains within a short period of time, then it might...

Humbl Inc (OTCMKTS:TSNPD) Bounces Back and Lands On The Radar

Over the course of the past months, Humbl Inc (OTCMKTS:TSNPD) stock has managed to record massive gains and much of that has...

The artificial intelligence sector has grown at a breakneck pace over the course of the past half a decade or so and it is no wonder that investors are constantly on the lookout for viable opportunities in the sector.

One of the companies from this sector that has seen its stock soar in recent times is Artificial Intelligence Technology Solutions (OTCMKTS:AITX).

Key Factors

Artificial Intelligence Technology Solutions (OTCMKTS:AITX) has gone up by as much as 300% over the course of the past month and hence, anyone looking for artificial intelligence stocks could consider having a closer look at it.

The rally in the stock has been fueled by significant recent developments.

One of the biggest developments with regards to the company’s business took place last month when Artificial Intelligence Technology Solutions’ fully owned subsidiary Robotic Assistance Device (RAD) signed a major deal. The deal in question is a purchase agreement with Romania’s largest security company Civitas.

According to the terms of the deal, products manufactures by RAD are going to be used by Civitas. More importantly, the Chief Executive Officer of Civitas, Rene Pasculescu, stated that the products from RAD also received excellent feedback during the course of the demonstration and he expects that those products are going to generate a lot of orders.

Hence, the optimism around this deal is understandable and that also explains the highly impressive rally in the Artificial Intelligence Technology Solutions stock.

While the signing of this deal marks a key milestone for RAD, it is also necessary to point out that it could have significant long-term ramifications for the company’s business in Europe.

The deal with Civitas has given RAD an entry point and a foothold in the European Union. Using that entry as a base, the company can further expand its presence in the lucrative European market.

If it succeeds in doing so then it could prove to be a significant source of revenues for Artificial Intelligence Technology Solutions in the long term.

Disclaimer: We hold no position in AITX stock.

Latest article

Alibaba Group Holding Limited (OTCMKTS:BABAF) Big Volume with Possible 60% Upside

Alibaba Group Holding Limited (OTCMKTS:  BABAF) is an over the counter stock traded on the OTC Pink markets in the Consumer Discretionary...

Trans Global Group Inc (OTCMKTS:TGGI) Stock In Focus After Operational Updates

The Trans Global Group Inc (OTCMKTS:TGGI) stock may not have been in the news today yet but it...

Why Hycroft Mining (NASDAQ:HYMC) Stock Shot Up 700%

If you are on the hunt for stocks that may have made major gains over the course of the past week, then...

Secure Paymentz releases banking software demo on Github

This is a paid announcement from one of our advertising partners. How to Leverage Your Trading Position by Secure...

Advanced Asset Management Announces New Website Launch

This is a paid announcement from one of our advertising partners. Financial Planner in Grandville, Michigan
Şehirler arası nakliyat ve Şehirler arası taşımacılık konusunda en uygun fiyatlar ve en kaliteli hizmet.
ofis taşıma firmaları ve ofis taşıma konusunda en uygun fiyatlar ve en kaliteli hizmet. Affordable best sms verification service