The tech sector is on first this morning after the retail and tech behemoth Amazon stunned the market in the premarket period with the announcement that it was going to 20 for 1 stock split.
However, that was not all. The company also announced that it was going to implement a humungous share buyback plan for which it would allocate a jaw-dropping $10 billion. It is going to be only the fourth stock split in the history of the company but the announcement sent the Amazon (NASDAQ:AMZN) stock soaring.
In addition to that, it also led to a massive spike in tech stocks across the board. In light of this situation, here is a look at four of the tech stocks that you could consider looking into this morning.
1. Cyberlux Corporation (OTCMKTS:CYBL): Advanced digital technology platform operator Cyberlux Corporation is one of the tech stocks that you could consider adding to your lists this morning in light of the massive move in the sector. There has been no fresh news about the company this morning but back on March 1, it had come into focus in a big way after it made a major announcement.
At the time, Cyberlux had announced that it had signed up for a Channel Business Partnership with the company The ARG Group LLC. The company went into this partnership with the view to speed up the revenue growth as well as contracting activities of its line of products from FlightEye Unmanned Aircraft Solutions, some tactically important solar solutions, and some of the Advanced Lighting Solutions offerings.
While this was a significant move, it ought to be noted that the company is currently involved in heading the digital transformation in a number of industries and that is something that ought to be kept in mind as well.
2. Artificial Intelligence Technology Solutions (OTCMKTS:AITX): The next one that you could look into is the Artificial Intelligence Technology Solutions stock. As the name suggests, the company is involved in the artificial intelligence space and it is a sector that is expected to record considerable growth over the coming years.
The current bullish trend in the tech sector could also prove to be a major blessing for the company. It generally conducts its business through its subsidiary company Robotic Assistance Devices and earlier on in the day, the company made an announcement with regards to the subsidiary. It was announced that Robotic Assistance Devices finally launched RAD Light My Way, which is a unique facility and campus safety technology.
The solution allows people to regulate the lighting as well as the security situation in the environment in which they are in. It is another formidable achievement for Robotic Assistance Devices and one that could have a major impact on Artificial Intelligence Technology Solutions’ bottom line in the years to come.
3. GBT Technologies Inc (OTCMKTS:GTCH): Those who are looking into tech stocks this morning could also consider taking a look into the GBT Technologies Inc stock this morning. Although there is no fresh news specific to the company this morning, the company had been in the news earlier on in the week.
Back on March 7, the company announced that it had been granted the notice of allowance for the motion detection intellectual property patent that it had created. It was a major new development for the company and it may bring the GBT Technologies stock onto the radar of many investors over the coming days. While the entire tech sector is currently on the rise, it may now be the right time for investors to perhaps start tracking the price action in the stock a bit more closely in the coming days.
4. Touchpoint Group Holdings Inc (OTCMKTS:TGHI): Digital technology and media holding company Touchpoint Group Holdings Inc is another stock that could potentially come on to the radars of investors amidst this wave in tech stocks.
The company has not been in the news for more than a month but it could be a good time to consider taking a look into the announcement Touchpoint back on February 8. The company announced that it had finally launched its gaming division named Touchpoint Games.
In the initial days, the new division is going to be concerned with aerial esports competitions and in the development of virtual reality games specifically designed for the AIR RACE subsidiary that is owned by Touchpoint. It was a significant new move from the company and something that could eventually result in a significant long-term boost.
5. . GTX Corp (OTCMKTS:GTXO): The other tech company which could be added to the list by investors at this point in time is GTX Corp. It is a pioneering company that is involved in the mobile, smart, and wearable GPS technology space. In addition to that, GTX Corp is also known for providing recovery-based solutions.
Currently, the company is possibly best known for having developed the GPS SmartSole, which is an innovative, award-winning, and also patented GPS solution. It is the very first invisible wearable technology in the world and is meant for helping in tracking people who may be suffering from neurodegenerative diseases which can make them disoriented.
Such diseases can often lead to the individuals getting lost and the solution from GTX Corp can help in a big way. It can be put in a show and then it is possible for the individual to be tracked at all times. Earlier in the week, the Chief Executive Officer of the company Patrick Bertagna appeared for an interview on the show News on the Street on Fox Business Network. During the interview, he provided a detailed account of the sort of work that the company has been doing.
