The NexOptic Technology Corp (OTCMKTS:NXOPF) stock started the week off on a strong note as rallied by as much as 17% yesterday and emerged as one of the notable gainers. The company is involved in the artificial intelligence sector and at this point, it remains one of the most sought after sectors for investors.
Last week the company was in the news after it announced that it had been issued a patent by the United States Patent and Trademark Office. The patent in question is titled “Photographic Underexposure Correction Using a Neural Network.”
The award of a patent is almost always a major development for any innovative company but in case of NexOptic Technology this patent is particularly important.
The patent is one of the many patents that are going to be part of the intellectual property portfolio of NexOptic that covers the artificial intelligence technologies that it is working on. The rally in the company on Monday might have been triggered by the news about the award of this particular patent. It now remains to be seen if the NexOptic stock can continue to add to its gains over the course of the next few days.