The QuikLogic Corporation (NASDAQ: QUIK) stock has been one of the major gainers over the course of the past month and much of that is related to an announcement from the company in February.
In the past month, the QuikLogic stock has soared by as high as 60% and has emerged as one of the stocks that could be watched closely. Back on February 18, the semiconductor company announced the launch of a new product that works with Amazon’s virtual assistant Alexa. The company announced that the product in question comes with a new reference design and is compatible with Alexa.
It is a major development for the company considering the fact that Alexa is one of the most popular virtual assistants in the world at the moment. On the other hand, QuickLogic also noted that the product comes with a variety of features that developers can make use of as well. It remains to be seen if the stock can add to its gains this week.