The artificial intelligence space has grown at a breakneck pace in recent years and hence, investors are increasingly looking for options in the stock markets as well.
One of the companies that could be looked into is the artificial intelligence software firm Amesite Inc (NASDAQ:AMST), which has seen its stock jump by 6% in premarket trading period. There has been no news about the company lately but earlier on in the month the Amesite, which offers a cloud powered learning platform as well as content creation tools, but earlier on this month it made a crucial announcement.
On June 2, Amesite announced the launch of its services on Microsoft’s cloud computing platform Azure and it goes without saying that it is a massive development for the company. Its platform, which is going to run on Azure in partnership with various universities, is going to help the company in offering is leaning as well as upskilling solutions to a vast number of individuals across a range of markets.
The online education market is expected to be worth as much a $25 billion by 2025, according to a study by Knowledge Sourcing Intelligence and that represents a CAGR of 9.23% from 2020 through to 2025.
Market Reaction:
On Monday, AMST stock jumped 1.60% to $2.57 with more than 364kshares, compared to its average volume of 1.46 million shares. The stock has moved within a range of $2.4400 – 2.6400 after opening the trade at $2.53 Over the past 52-week, the stock has been trading within a range of $2.0200 – 9.0600. Moreover, the stock is up another 7.40% to $2.76 in the pre-market session.
 Stock Continues to Move Up: How Far can it Go?){kind=link}