The artificial intelligence sector has grown at a breakneck pace over the course of the past few years and nowadays, many investors are on the lookout for the next play in the sector. One of the stocks you could look into at this point is that of artificial intelligence software firm Amesite Inc (NASDAQ:AMST).
Trading Data
On Thursday, AMST stock moved up 15.93% to $1.31 with 2.37 million shares, compared to its average volume of 333K shares. The stock has moved within a range of $1.0800 – 1.3300 after opening trade at $1.16.
Amesite Announces Partnership with Cathie Wood’s Innovation Foundation
The stock has been in the middle of a strong rally in recent times and it continued yesterday as it ended the day with gains of as much as 16%. That took the gains made by the stock over the course of the past week to as much as 25%.
Yesterday, the rally in the stock came about after the company announced that it had gone into partnership with the Innovation Foundation. By way of this particular partnership, the company is going to supply its online learning platform to all the educational programmes that are run by Innovation Foundation. It should be noted that the online learning platform that belongs to Amesite is proprietary in nature. It seems that the news came as a source of significant optimism for investors and that was possibly the reason behind the strong rally yesterday.
Key Quote
“We believe that education through the lens of innovation will require novel and forward-looking methods of teaching,” commented Cathie Wood, IF’s Founder and Chairperson. “Built by Amesite, Innovation Foundation Engage – our online learning platform- uses advanced technology to enhance education focused on innovation. Amesite’s technology will help us engage all who wish to be a part of our mission. Our plan is to partner with school districts across the nation, offering teachers and children the training and education to lean into and benefit from the explosive and exciting changes fomenting around innovation.”
Technical Data
AMST stock is above the 20-Day and 50-Day Moving averages of $1.10 and $1.18 respectively. However, the stock is trading below the 200-Day moving average of $1.96.
