STOCKS TELEGRAPH

Tag: WiMi Hologram Cloud Inc.

  • WiMi Hologram Cloud Inc. (WIMI) stock rises on pre-market. What’s going on?

    WiMi Hologram Cloud Inc. (WIMI) today on April 1, 2021, announced that it got approval certificate of Federal Communication Commission(FCC) for its WiMi HoloAR HUD, a holographic AR product of its electric vehicle, to enter into the U.S. market after which WIMI stock saw a push of 6.06% to reach $7.00 a share at the time of this writing. It seems that WIMI stock was performing well in the previous trading session and up by 8.02% at closing. Let’s deep dive to explore more of it.

    What’s happening?

    WiMi Hologram Cloud Inc. (WIMI) is the leading Augmented Reality based products and services provider in the Republic of China.FCC certificate for WiMi HoloAR HUD has added more hype to the rising stock price. It is mentioned in the certificate that the exterior design, as well as radiation patterns and data transmission protocols, are properly tested and certified by the FCC. Back in November, WIMI got its first approval certificate by FCC for its of WiMi Hologram Soft Light products to enter the U.S. market.

    The advancement in the autonomous industry has greatly increased the demand for holographic AR applications by consumers and automakers. WiMi HoloAR HUD is the result of this huge demand that provides many features such as image processing, voice interaction, optical processes, cloud services, and many more. WiMi HoloAR HUD can perform many functions as it reads vehicle’s diagnostic data, runs background apps, enable Bluetooth connection, controls voice, displays tire pressure, and many more. These features make the WIMI product unique and add more value to the WIMI stock.

    Plans of WIMI stock

    WIMI management is planning to produce more solutions related to AR technology due to the increasing demand for AR-based products. WIMI will provide multiple solutions for holographic devices related to vehicles, vehicle chips, and vehicle software in order to meet the increasing demand for Holographic EV applications. Moreover, WIMI will continue to provide solutions related to the integration of holographic hardware and software for the development of more AR application products for the EV industry.

    Conclusion:

    WIMI stock is hot among the investors in the stock market due to the approval for its WiMi HoloAR HUD product by FCC. WIMI management is focused on the more advancement and development of Holographic AR application products for the EV industry. Hence investors should keep an eye on this stock.

  • 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.