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Shares of Gaxos.AI Inc (NASDAQ:GXAI) are pulling back Wednesday morning, potentially due to profit-taking, after Tuesday’s rally. The stock soared yesterday following the company’s announcement of its new artificial intelligence platform, Art-Gen.AI.
What To Know: Per Gaxos.AI, the Art-Gen.AI platform is an image and video creation tool designed to serve a wide range of high-growth sectors. According to the company, the platform combines state-of-the-art AI models from industry leaders like Google and Stability AI with Gaxos’s own proprietary enhancements. Gaxos.AI says this allows users to generate hyper-realistic images and animated video content from simple text prompts or reference images.
Key features highlighted by Gaxos include one-click upscaling of low-resolution images, dynamic video creation from still photos, and a variety of style presets.
Gaxos CEO Vadim Mats described Art-Gen.AI as a “scalable technology platform with massive commercial potential” that will operate on a subscription-based model.
The company aims to capture a significant share of the rapidly expanding global generative AI market. The pullback on Wednesday suggests investors are digesting Tuesday’s news and recalibrating after the initial excitement.
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Besides going to a brokerage platform to purchase a share – or fractional share – of stock, you can also gain access to shares either by buying an exchange traded fund (ETF) that holds the stock itself, or by allocating yourself to a strategy in your 401(k) that would seek to acquire shares in a mutual fund or other instrument.
For example, in Gaxos.AI’s case, it is in the Communication Services sector. An ETF will likely hold shares in many liquid and large companies that help track that sector, allowing an investor to gain exposure to the trends within that segment.
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Posted In: GXAI
