STOCKS TELEGRAPH

Tag: Google

  • Why WiMi Hologram (NASDAQ: WIMI) Stock Jumping Today?

    Why WiMi Hologram (NASDAQ: WIMI) Stock Jumping Today?

    Shares of WiMi Hologram Cloud Inc. (NASDAQ: WIMI) rocketed 6.00% after the company announced that it has decided to establish a new subsidiary, VIYI Technology Inc. to speed up the development of AI algorithm and cloud computing services. The company has named  Mr. Yi Chengwei, who earlier worked as the CTO of WiMi as the CEO of WIMI.

    VIYI Technology’s main aim is to focus on low latency cloud computing and data service growth. It will support a wide range of data-centric applications from gaming, multi-media entertainment, to online and mobile advertising, and PaaS cloud services.

    The company revealed that it will be able to utilize its advanced AI product advertising and gaming platform and support services more broadly and more quickly as 5G networks continue to be deployed around the world. VIYI also announced that it will continue its investment in core technologies in the field of intelligent analysis and processing of large-scale heterogeneous data.

    WiMi Hologram Cloud Inc. (NASDAQ: WIMI) shares were trading up 6.00% at $6.36 at the time of writing on Monday. WiMi Hologram Cloud Inc. (WIMI) share price went from a low point around $3.20 to briefly over $29.50 in the past 52 weeks. It has moved up 98.45% from its 52-weeks low and moved down -78.44% from its 52-weeks low. WIMI market cap has remained high, hitting $383.28 Million at the time of writing.

    WiMi and Google have earlier vowed to change the interactive experience of streaming media. 5G Technology is the latest extended generation of 4G, 3G, and 2G technology and it has the ability to provide high data rates, reduced latency, energy savings, reduced costs, increased system capacity, and large-scale device connection.

    Google has suggested that it is now the time for social APP and mobile game developers to hold the era of high bandwidth, as 5G mobile networks now offer the same bandwidth experience as fixed broadband. Earlier, Google has commenced the first test of Project Stream. This is the first time they have opened this project for the public.

  • Medigus Ltd. (NASDAQ: MDGS) Increases Stake In Gix Internet

    Medigus Ltd. (NASDAQ: MDGS) Increases Stake In Gix Internet

    Medigus Ltd. (NASDAQ: MDGS), an Israel-based medical devices company has announced today that it has decided to increase its holding in leading Internet Company Gix. After increasing its stake in Gix, Medigus Ltd will hold approximately 33% in Gix and will become its largest stakeholder.

    Gix Internet Ltd. is a leading company in MarTech Solutions with a market capitalization of $10 million as of October 14, 2020. Gix Internet has reported the $18.5 million in revenue in the second quarter of 2020. This company is best known for providing its technologies over the internet on leading platforms including Apple, Verizon media group, and Google.

    Currently, this company is offering two major services. The first one is the distribution of free-of-charge desktop apps and browser add-ons to end-users. It also earns revenues from advertisements and Gix Content, a solution platform for publishers, personalized content ads, and banners per users’ preferences, based on Gix’s proprietary AI technologies.

    Medigus Ltd. (NASDAQ: MDGS) shares traded up 2.08% as it gained +0.06 during the trading session of Wednesday. It has a closing price of $2.95. In the past 52-weeks of trading, this company has recorded the 52-weeks low range of $0.83 and a high range of $5.15. Medigus has moved up 255.42% from its 52-weeks low and moved down -42.72% from its 52-weeks high. It had a trading volume of 3.19 million as compared to the average volume of 4.34 million. This company market capitalization has remained high, hitting $22.13 million at the time of writing.

    Medigus will use its right to convert its Linkury shares into ordinary shares of Gix Internet following the Securities Purchase Agreement between Medigus Ltd, Gix Internet Ltd, f/ k/a Algomizer Limited, and Linkury Ltd, on June 19, 2019. Medigus currently has the ownership of 793,448 Linkury Shares. As per the agreement, all of 793,448 Linkury Shares will be converted to 9,858,698 Ordinary Shares of Gix Internet.