AI has been a space of market euphoria on Wall Street in the last year. While AI has been with us for a long time, it came more into focus with the release of ChatGPT and similar apps in late 2022. The S&P 500 entered a bull market this year and Bank of America economists noted that the move upwards was mostly because investors were buying into one singular equity: AI. If there is any doubt that the AI boom is here, one just needs to look at Nvidia's stock price this year. The company has been one of the biggest winners from the boom, exploding 245% in 2023, far outpacing any other member of the S&P 500.
One NASDAQ company that is trading at pennies currently may be one of the next big winners in this burgeoning space thanks to recent merger news!
The company recently announced that it has entered into an agreement and plan of merger with a unique player in the AI space that is the leading smart mailbox and Mailbox-as-a-Service (MaaS) provider with flexible solutions that can integrate into any autonomous delivery network (ADN). What is autonomous delivery? An autonomous delivery vehicle refers to a self-driving vehicle that's capable of delivering goods from retailers on its own without human mediation.
The company's innovative technology enables the seamless movement of packages and goods between people, robots, and drones across a network. This is the future of delivery!
See why this merger agreement could mean blue-sky gains ahead for the company!
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