Gaxos.ai (GXAI) surged over 40% today after securing funding from Amazon Web Services to develop its real-time sales coaching platform in partnership with Caylent. The platform, Gaxos Labs, will feature live call transcription and post-call analytics on AWS infrastructure. Despite the stock doubling in price since late January, investors are warned against chasing the momentum due to execution risks and overbought conditions. Gaxos, a penny stock, lacks Wall Street coverage, leaving investors reliant on company PR and vulnerable to potential risks. President Trump’s nomination for Fed chair adds further uncertainty to speculative stocks like GXAI.

Read more at Barchart: Amazon Just Gave This Little-Known AI Stock a Huge Boost. Should You Buy Shares Now?