From Barchart: 2025-06-13 07:30:00

Chinese artificial intelligence company Megvii Technology, known for its facial recognition technology, is gaining bullish attention from investors on Wall Street. The company has filed for an IPO in Hong Kong, aiming to raise up to $1 billion. Megvii’s revenue grew by 350% in the first half of 2019, reaching $71 million. The company is backed by Alibaba and could potentially reach a valuation of $4 billion. Investors are eyeing Megvii as a potential opportunity in the AI market, which is projected to reach $118 billion by 2025.



Read more at Barchart: If You Can Only Buy 1 AI Stock in 2025, It Should Be This