Artificial Intelligence Technology Solutions (AITX) Stock Soared 80% last Week: But Why?

Before the start of another trading week, it might be a good idea for investors to take a look at some of the major gainers last week. One of the major gainers this past week was the Artificial Intelligence Technology Solutions (OTCMKTS:AITX) stock, which soared by as much as 80%.

Artificial Intelligence Technology Solutions (AITX) Stock Soared 80% last Week: But Why?

The rally in the stock might have been driven by an announcement from the company with regards to its fully owned subsidiary company Robotic Assistance Devices Inc.

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It was announced that Robotic Assistance Devices is expecting a direct client to place an order for multi unit Proof of Concept. The ultimate user of these products is going to be an important airport authority in the United States.

The airport authority operates and owns a range of airports in the country. It is a significant deal for Robotic Assistance Devices and it is no surprise that the Artificial Intelligence Technology Solutions came into focus among investors.

Jack Dawkins

Finance and Tech Contributor