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Datametrex AI (TSXV:DM) tracks social media data to understand the “Reddit” effect

Technology
TSXV:DM
04 February 2021 12:00 (EDT)
artificial intelligence
NexaSMART allows for deepened analysis and understanding of how social media influences stock prices.
Datametrex AI (DM) has announced that Nexalogy, a wholly-owned subsidiary of Datametrex, will soon add Reddit and other data sources to their NexaSMART platform in order to expand AI interpretation of such trends. 

Many investors have turned their attention to the subject of discussion forums such as Reddit that can have an impact on the stock market and the price rise of specific stocks.

According to the Wall Street Journal, mainstream journalists have linked cryptocurrency, stock speculation and conspiracy theories together as a formula for market volatility.

In today’s environment, investors rely even more on their investments to secure a comfortable retirement.

Datametrex believes that it’s vital for people to know what’s truth vs. fiction when searching for information online.

“We are happy to report that NexaSMART will include Reddit and other data sources as of Q2 2021. This will expand our offering and capitalize off the new information environment reflected in the Reddit events,” says  Marshall Gunter, CEO of Datametrex AI.

Datametrex AI Limited is a technology-focused company with exposure to Artificial Intelligence and Machine Learning through its wholly-owned subsidiary, Nexalogy.

Nexalogy provides technology to make sense of the ever-expanding universe of social data to enable companies to make smart decisions. 

Datametrex AI (DM) is unchanged, trading at C$0.18 at 12 pm EST.

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