Home Financial Markets Penny Stocks Why Artificial Intelligence Technology Solutions, Inc. (AITX) stock price fumbled last night?

Why Artificial Intelligence Technology Solutions, Inc. (AITX) stock price fumbled last night?

Artificial Intelligence Technology Solutions, Inc. (OTCPK: AITX) stock was down -6.93% to $0.1155 yesterday. There’s no apparent reason why all of these stocks fell today other than “skittish investors.”This week’s only news that directly impacted any of these stocks so far was Company’swholly-owned subsidiary Robotic Assistance Devices (RAD) announcement that its sales activities are starting to bump up as the calendar year 2021 starts.

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Providing organizations with AI-based platforms that empower them to gain new insights, resolve complex challenges, and spur new business ideas, AITX is an innovator. By offering next-generation robotic solutions, AITX’s RAD and RAD-M companies help organizations reduce costs, raise revenue, and strengthen the business.

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News Details

Artificial Intelligence Technology Solutions, Inc. (OTCPK: AITX)subsidiary Robotic Assistance Devices (RAD) recently announced that sales are picking up with the start of the calendar year 2021.

An earlier press release announced that RAD had received a ROSA order from a large construction company. This Company, along with the construction industry as a whole, had expected to start ordering additional ROSA units. This client has placed a new order of two (2) ROSA units. Further orders are anticipated from this client, perhaps as early as the first week of February. RAD’s huge expectations about the sizable opportunities in the construction industry are validated in this way.

The Company also announced that it had received an AVA order from a Southern California dealer whose goal is to reduce costs and process vehicles in a better way through entry gates. This is further validation that AVA’s product offering is an indispensable tool for logistics businesses, and it appears that momentum is brewing for this product offering throughout the logistics industry.

In the United States, RAD signed two new dealers, including Protos (previously announced), in January and is in dialogue with its first dealer in western Europe. Expansion into Europe and other markets accelerates RAD’s global expansion plans.

RAD received its first SCOT and ROSA orders from a European dealer. A Fortune 100 client bought 5 units from a large dealer. These items were previously announced in a prior press release.

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The odds of this stock recovering from this dip are significant, given the positive sentiment around it.

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