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Sogou Inc. (SOGO) stock soared in the pre-market trading session: here’s why

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SogouInc, (SOGO) stock rose to $8.70 in the premarket trading session at the time of writing. This is a 5.84% rise. In the previous trading session, SOGO stock closed $8.22 which is a 3.40% gain. The number of shares that exchanged hands are 1.02 million which is higher than the average daily volume (within the past 50 days) of 0.73 million shares. In the last 12 months, SOGO stock has soared by 141.06% and in the past six months it shed -7.33%. Following that, the past three months the stock had lost -0.12%. In the past week the SOGO stock moved up by 8.87%. Right now, Sogou has a current market of $3.13 billion and the outstanding shares stood at 392.21 million.

The positive movement in the SOGO stock recent pre-market trading session is due to the announcement on 30th March, by the company for being given the title Winner of 2021 Artificial Intelligence Excellence award.

Sogou Inc. is a leading internet and AI company in China

Sogou Inc. (SOGO) is a Chinese Internet Company which is an innovator of search and search-related services in People’s Republic of China. It is also a leader in China’s internet industry. In China, SOGO has become the world’s second-largest search engine on mobile platforms and has 4th largest Monthly Active Users in the country.

Sogou’s product offerings and services includes Sogou Input Method which is a language input software for PC and mobile users. It also provides web games and mobile games related internet based operation services.

Sogou Inc. is the winner of Artificial Intelligence Excellence award

Sogou Inc. announced that it has been awarded Business Intelligence Group’s winner of the Artificial Intelligence Excellence.  The Business Intelligence Group analyzes this award based on the company’s artificial intelligence design and innovation. The judging panel consists of highly experienced business executives which shows that this competition is This award also examines the most significant and practical impacts it has or will have on challenges and problems people face. Business Intelligence Group (BIG) has had IBM and Johnson Controls like tech giants in the past who have been the winner of this award.

Giving free of charge annual hardcopy to shareholders

Previously on 18th March, Sogou stock had announced that it had filed a 20-F file with the Security and Exchange Commission which shows its annual report for the year ended 31st December 2020. The company has stated that the hard copy of the annual report will be given to any shareholder or holder of Company’s American Depositary Shares upon request and free of charge.

SOGO stock excels in the AI-tech as well

There is no doubt that China is leading the AI-tech race with its state-of-the-art technologies and innovations; Sogou Inc. is also actively participating in this race. Sogou Inc. has made a riveting breakthrough by creating the world’s first AI News Anchor which can be rendered to any scenarios and has life-like features. During COVID-19 pandemic the SOGO stock launched smart applications for the general public to gain authentic and authoritative news updates and public facilitating knowledge.

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