Auddia Inc (NASDAQ:AUUD) has made its name as the developer of an artificial intelligence powered proprietary platform that is meant for providing innovative tech solutions and audio technologies to podcasts.
Last week the company came into sharp focus after it announced that it managed to bring about major progress to its proprietary technology that makes up the core of its AI powered platform. The company announced that after having deployed metadata and precise audio from various radio stations, it believes it can bring the cost of audio processing for validation as well as artificial intelligence training to zero.
It is a major development for the company’ product and that was recognised by investors as well. The Auddia stock soared by as much as 57% and that took its gains for the past month to as much as 80%.
Considering the magnitude of the gains, it might be a good idea for investors to start tracking the Auddio stock a bit more diligently. Michael Lawless, who is the Chief Executive Officer of the company called the latest advancement in its technology a ‘game changer’ and ‘a significant leap forward’ for Auddio. It remains to be seen if the stock comes into focus this morning.
Market Reaction:
On Friday, AUUD stock gained 10.81% to $4.10 with more than 9.28 million shares, compared to its average volume of 694k shares. The stock has moved within a range of $3.6200 – 5.0600 after opening the trade at $3.62. Over the past 52-week, the stock has been trading within a range of $2.2100 – 5.0600.
 Stock Gains Momentum: Will it reach New High?){kind=link}