What's Going On With Gaxos.AI (GXAI) Stock?

Gaxos.AI Inc GXAI shares are trading flat at $1.147 during Wednesday’s session, reversing lower after gaining some 16% to $1.29 pre-market, after the company acquired AI technology to bolster its content creation services.

What To Know: Gaxos.AI has acquired advanced AI technology to enhance its content creation services, bolstering Gaxos Labs and its broader AI initiatives. Gaxos.AI says this move strengthens the company's capabilities in text-to-speech, image generation, video assembly, narration, styling and script automation, offering new possibilities for users and businesses.

"This acquisition immediately strengthens our AI ecosystem," said CEO Vadim Mats. "By integrating this technology, we are supercharging our product capabilities and accelerating the future of AI-powered content creation."

The company says this acquisition aligns with Gaxos.AI's strategy to expand its artificial intelligence solutions across industries.

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How To Buy GXAI 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 Gaxos.AI’s 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, GXAI has a 52-week high of $16.27 and a 52-week low of $1.01.