Remark Confirms Deal With Microsoft — What's Going On With Remark Holdings (MARK) Stock Today? (UPDATED)

Editor’s note: This story has been updated with comment from Remark Holdings’ CEO.

Remark Holdings Inc MARK shares are trading higher Tuesday following an unconfirmed deal with Microsoft Corp MSFT via Remark’s X social media account.

What Happened: In a new post on X, AI solutions company Remark Holdings said it entered into a partnership with Microsoft valued at $80 million.

“It's official!!! @Microsoft making #RemarkAI global together,” the company said in the post.

A lot of X users are commenting on the post, questioning why an official press release was not issued on the news. Benzinga reached out to Remark Holdings for comment and received confirmation of the deal directly from Remark CEO Kai-Shing Tao.

Benzinga has contacted Microsoft for comment on this story.

In a follow-up post, Remark said the partnership is centered around its computer vision models and includes videos showcased on the company’s government projects.

“85% of our perception, learning, and cognition are accomplished through vision which makes #computervision the most important essential part of the #AI landscape,” the company said.

It’s worth noting that as of Monday’s close, Remark Holdings had a market cap of approximately $7.2 million, according to Benzinga Pro.

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Is MARK A Good Stock To Buy?

An investor can make a few decisions when deciding whether a stock is a good buy. In addition to valuation metrics and price action which you can find on Benzinga's quote pages – like Remark Hldgs‘s page for example – there are factors like whether or not a company pays a dividend or buys a large portion of its stock each quarter.

These are known as capital allocation programs. Remark does not pay a dividend, but obviously has a few ways it can return value to shareholders. Feel free to search Benzinga's dividend calendar for the next company that is due to pay a dividend and determine what kind of yield you can earn for holding a share of the company.

For example, if you're looking to earn an annualized return of 12.68%, you'll need to buy a share of Invesco Senior by the Feb. 15, 2024. Once done, you can expect to receive a nominal payout of $0.04 on Feb. 29, 2024.

Buyback programs are obviously different and highly variable. A company can approve a buyback program and purchase shares as it sees fit over the course of time in which the buyback was authorized. Looking through the latest news on Remark Hldgs will often yield whether or not the company has approved a buyback program recently. Buyback programs usually serve as a support for share prices, serving as a backstop for demand.

MARK Price Action: Remark Holdings shares were up 122.8% at $0.7646 at the time of publication, according to Benzinga Pro.

Photo: 3844328 from Pixabay.