Artificial Intelligence Technology Solutions (AITX) Slumps 60% On Profit Taking: A Good Buy?

Nowadays there are plenty of options for investors who might be looking for plays in the artificial intelligence space.

One of the stocks that had emerged as a viable option in recent weeks was that of Artificial Intelligence Technology Solutions Inc. (OTC: AITX). The stock had recently hit a high but since then it has been a different story as the Artificial Intelligence stock dived by as deep as 60%. However, the company made an interesting announcement on Wednesday and it might be worthwhile for investors to take a closer look at it.

Artificial Intelligence announced that Robotic Assistance Devices, its fully own subsidiary signed a new agreement. The agreement in question is with EAGL Technology Inc. By way of this agreement, Robotic Assistance Devices is going to incorporate EAGL’s Gunshot Detection Systems in all its devices in the future. It is a major development for Robotic Assistance Devices and by extension for Artificial Intelligence.

Michael Rowels

Weekend Contributor. Writing for business and finance publishers has become his passion over the last decades after he completed a master's degree in Financial Management. Sharing some opinions and forecasts to thousands of readers is a routine job for him but he never promises to invest in one stock.

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