WIMI Stock Price Increased 24.89%: Why It Happened

By Amit Chowdhry ● January 22, 2021
  • The stock price of WiMi Hologram Cloud Inc (NASDAQ:WIMI) increased by 24.89% on Thursday, January 21. This is why it happened.

The stock price of WiMi Hologram Cloud Inc (NASDAQ:WIMI) — a leading Hologram Augmented Reality (AR) Technology provider in China — increased by 24.89% on Thursday January 21. Investors have been responding to the company winning the 2020 Award for Leadership in Computer Vision Holographic Cloud Services and a recent patent announcement.

2020 Award For Leadership In Computer Vision Holographic Cloud Services

On Wednesday, January 20, WiMi Hologram Cloud announced it won the award from CCIDnet for a leading company of 2020 in computer vision holographic cloud services due to its outstanding performance in technological innovation and widespread public approval.

CCIDnet is managed by CCID group — which is a subsidiary of China’s Ministry of Industry and Information Technology. And as an influential and innovative online media platform, CCIDnet covers timely industry news and events.

Empowered through its new holographic technology utilizing optical projections, WiMi provides one-stop services and holographic AR technologies to its customers, including the synthesis and presentation of holographic AI vision, interactive holographic software development, holographic AR advertisements, holographic AR SDK payments, holographic 5G communications software development, holographic AR automotive software, and holographic facial recognition.

And the commercial application of these services and technologies covers advertising display systems, commercial publishing systems, performing arts systems, light field cinemas, home entertainment, and more. So far, WiMi has developed the world’s leading 3D computer vision and SAAS platform technologies.

Patent Announcement

Investors have also been excited about WiMi announcing on January 13 that it obtained a patent for a 3D holographic pulse laser processing device for optical holography use. This patent is a result of WiMi’s independent research and development and will allow the company to further improve its intellectual property protection system.

The patent is related to the technical field of holographic pulse laser processing devices and, in particular, pulse laser processing devices for 3D optical holography use.

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