Phunware Stock (PHUN): Why The Price Jumped

By Amit Chowdhry ● Jan 7, 2022
  • The stock price of Phunware Inc (NASDAQ: PHUN) increased by 19.92% in the most recent trading session. This is why it happened.

The stock price of Phunware Inc (NASDAQ: PHUN) – a fully-integrated enterprise cloud platform for mobile that provides products, solutions, data and services for brands worldwide – increased by 19.92% in the most recent trading session. Investors are responding positively to Phunware announced two new strategic supplier relationships in support of a Consumer Electronics Show (CES) inspired series of optimized high performance computers provided by its LYTE Technology (LYTE) business unit.

The new PCs include:

LYTE Gaming Series

This gaming series is specifically optimized to give users the best graphics and frame per second (FPS) to enjoy the most demanding games. And users can choose from standard or pro versions depending on their budget and desired intensity level.
LYTE Trading Series

Whether users trade stocks or crypto, the trading series offers 32GB RAM and a dedicated graphics processing unit (GPU) to support multiple programs running across 3-6 monitors at a time.
LYTE Streaming Series

With RTX 30 series GPUs and Ryzen Zen-3 CPUs, the streaming series supports a seamless distribution of content while still delivering high quality graphics.
LYTE Mining Series

Whether users want a full-time mining rig or just plan to mine spare time, the mining series is designed to deliver a superior hash rate and rate of return.

KEY QUOTE:

“With these new strategic supplier relationships, we took the guesswork out of selecting the right personal computer systems for power users’ needs. Phunware launched these four newly optimized personal computers designed specifically for high-end gamers, traders, streamers, and cryptocurrency miners in conjunction with CES in Las Vegas.”

— Caleb Borgstrom, Vice President and General Manager of LYTE by Phunware

Disclaimer: This content is intended for informational purposes. Before making any investment, you should do your own analysis.