Artificial Intelligence Technology Solutions Soars 800% in a Month: Rich Explains The Next Move

Nowadays YouTube is not merely a platform for cat videos but a plethora of other video content and there is a lot going for investors. One of the more popular channels for investors at this point is RichTv LIVE.

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Major Triggers

The channel regularly showcases companies that might under the radar among investors and in its latest video in its ‘secret penny stock’ series, RichTv LIVE showcased Artificial Intelligence Technology Solutions (OTCPK:AITX). The stock has enjoyed a significant rally in recent times and on Thursday; the stock rallied yet again after AITS announced a major deal for its subsidiary Robotic Assistance Devices (RAD).

The stock had been a sub-penny stock not too long ago but soon enough it attained the status of a penny stock after a strong rally. The AITS stock enjoyed a significant rally on Thursday after it announced that RAD had received a significant order for its 5 Unit RAD Solution.

Naturally, it created a lot of buzz in the markets, and investors soon piled on to the stock. It went up by as much as 71% on Thursday after the news emerged and it remains to be seen if the AITS stock can manage to add to its gains this week or not. Hence, investors could consider keeping a close eye on the AITS stock through the course of this week.

The RichTv analyst pointed out that over the course of the last month alone, the stock soared by as much as 800%, and when a stock records such gains, it is perhaps a good idea to perhaps taken an interest in it. AITS has a market cap of only $16 million at this point in time and while that may be quite a small amount in the larger scheme of things, it should be noted that there are as many as 2.5 billion shares.

The analyst at RichTv pointed out that he is not a particularly ‘big fan’ of those numbers. However, he was quick to point out that the stock has proven to be a ‘rocket’ and at the end of the day, the gains are there for all to see. It is likely that the stock is going to be on the radars of many investors today. 

Featured image: Pixabay

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