Tech Shares Rip On AI Performance Test Results

A Vancouver-based tech firm saw its shares skyrocket in the second half of today’s trading session after the company announced that its ALIIS™ technology significantly improved downstream AI performance during an extensive benchmarking process that utilized a leading vehicle recognition API, according to the release. Shares of NexOptic Technology Corp. (TSX:NXO) (OTCQB:NXOPF) rallied on the news.

NexOptic Technology Corp. aims to influence the multi-billion-dollar optics industry through AI Machine Learning Imaging Software and Optical Products. NexOptic's AI Imaging Software, ALIIS, "All Light Intelligent Imaging Solutions," is advanced algorithms that enable any camera to push past its limits in all lighting environments. Custom to any image sensor, ALIIS enables superior "all light performance" by learning and embedding the optimal light profile on any camera.

The sentiment quickly switched to bullish after the announcement as shares traded up to a session high of $0.81/share (+19.12%). This move is a strong continuation of the success this stock has had since mid-April, coming off its 52-week low of just $0.18.