This AI Drone Stock Is Soaring on a New Navy Win. Should You Chase the Rally Here?

Gaxos.ai (GXAI) shares ripped higher on March 5 after the artificial intelligence (AI) drone firm said it has secured a new military contract from the U.S. Navy. This licensing deal involving Gaxos.ai affiliate America First Defense centers on its “Detachable Drone Hijacker,” which taps on cyber-operations to neutralize hostile drones. More News from Barchart Despite an explosive rally on Thursday, GXAI stock remains down more than 5% versus its year-to-date high. www.barchart.com What the Navy Contr ...