Why Gaxos.AI (GXAI) Shares Are Soaring Tuesday

Gaxos.AI Inc (NASDAQ:GXAI) shares are skyrocketing Tuesday morning, trading sharply higher after the company announced the launch of its new artificial intelligence platform, Art-Gen.AI.

What To Know: The Art-Gen.AI platform combines technologies from industry leaders like Google, Stability AI and PixVerse with Gaxos’s own proprietary enhancements. Gaxos.AI says this allows users to generate high-quality, hyper-realistic images and videos from simple text prompts or reference images.

Gaxos.AI says the platform is aimed at a wide range of high-growth sectors and is designed to make professional-grade content creation more efficient.

“Art-Gen is not just a creative tool – it's a scalable technology platform with massive commercial potential," said Vadim Mats, CEO of Gaxos. The company forecasts that Art-Gen.AI will generate hundreds of billions of dollars in annual revenue over the next decade through a subscription-based model.

Per the company, the platform boasts features such as smart image transformation, one-click upscaling and dynamic video creation.

Price Action: According to data from Benzinga Pro, GXAI shares are trading higher by 54.56% to $1.69 Tuesday morning. The stock has a 52-week high of $7.50 and a 52-week low of $1.00.

Read Also: Palo Alto Networks Stock Is Trading Higher Tuesday: What’s Fueling The Momentum?

How To Buy GXAI Stock

By now you're likely curious about how to participate in the market for Gaxos.AI – be it to purchase shares, or even attempt to bet against the company.

Buying shares is typically done through a brokerage account. You can find a list of possible trading platforms here. Many will allow you to buy “fractional shares,” which allows you to own portions of stock without buying an entire share.

In the case of Gaxos.AI, which is trading at $2.28 as of publishing time, $100 would buy you 43.86 shares of stock.

If you're looking to bet against a company, the process is more complex. You'll need access to an options trading platform, or a broker who will allow you to “go short” a share of stock by lending you the shares to sell. The process of shorting a stock can be found at this resource. Otherwise, if your broker allows you to trade options, you can either buy a put option, or sell a call option at a strike price above where shares are currently trading – either way it allows you to profit off of the share price decline.

Image: Shutterstock