Why TruGolf Holdings (TRUG) Stock Is Skyrocketing

TruGolf Holdings Inc TRUG shares are trading higher by 52% to $1.75 during Wednesday’s session after the company announced it partnered with mlSpatial, an AI and machine learning engineering firm.

TruGolf says the collaboration aims to enhance the accuracy of TruGolf’s APOGEE launch monitor by integrating an advanced AI engine developed jointly by the two companies. This agreement grants TruGolf the option to acquire mlSpatial’s assets in the future.

Brenner Adams, Chief Growth Officer of TruGolf, expressed enthusiasm about the collaboration, emphasizing the potential of AI to enhance indoor golfing experiences with greater precision and immersion.

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How To Buy TRUG Stock

Besides going to a brokerage platform to purchase a share – or fractional share – of stock, you can also gain access to shares either by buying an exchange traded fund (ETF) that holds the stock itself, or by allocating yourself to a strategy in your 401(k) that would seek to acquire shares in a mutual fund or other instrument.

For example, in TruGolf Holdings case, it is in the Communication Services sector. An ETF will likely hold shares in many liquid and large companies that help track that sector, allowing an investor to gain exposure to the trends within that segment.

According to data from Benzinga Pro, TRUG has a 52-week high of $2.27 and a 52-week low of $1.11.