ROSELAND, New Jersey, June 2, 2026, 12:08 EDT
- GXAI climbed roughly 57% by midday, trading on volume topping 93 million shares.
- Gaxos said AWS put more money into its AI sales-coaching platform.
- The company’s new filing reports quick revenue gains, but losses widened and marketing costs stayed high.
Gaxos.ai Inc. shares jumped in busy trading Tuesday after the company announced Amazon Web Services is putting more money into developing Gaxos Labs’ AI-powered sales-coaching platform.
GXAI climbed to $1.87, up 68 cents, gaining around 57%. The stock earlier hit an intraday high of $2.30. Volume surged, with over 93 million shares traded, well above its usual levels for the nano-cap.
Timing played a role. Some investors had started moving into AI names after tech outperformed. Global stocks got a boost from renewed AI enthusiasm and new AI infrastructure spending at some major firms, according to Reuters.
Gaxos says it’s working with AWS and Caylent, an AWS Premier Tier Services Partner, to build a real-time sales-coaching platform for enterprises. Planned features are live call transcription, automated coaching intelligence, and post-call analytics. Transcription turns speech into written text, and analytics refers to software that searches for patterns in the data.
Gaxos CEO Vadim Mats called the AWS funding a “major validation event” in the company’s statement. “This collaboration materially advances our roadmap and enhances our ability to pursue large-scale commercial opportunities,” Mats said.
The company didn’t say how big the AWS support would be, or when it plans to launch, and didn’t mention any signed-up revenue. So traders focused on the news itself, not the numbers.
Gaxos is looking to move out of its core gaming and consumer AI focus and expand into bigger sectors like health, defense, productivity and enterprise software. On the sales tech side, that puts the company up against names like Salesforce and HubSpot, which are already selling customer management and sales workflow tools with AI features. Shares of both Salesforce and HubSpot were down at midday Tuesday.
Gaxos pulled in $1.81 million in first-quarter revenue, according to its latest quarterly filing, a jump from $23,732 a year ago. The gain was driven by RNK Health admin services and AI subscriptions. Net loss expanded to $2.47 million, and advertising and marketing expense climbed to $2.77 million. Investors have been watching for commercial traction.
Gaxos had $1.51 million in cash at the end of March, with $10.20 million in short-term investments and working capital at $11.59 million. The company used $2.49 million in cash for operations in the quarter. Liquidity looks like a cushion for now.
The company raised equity earlier this year, selling 3.10 million shares in an at-the-market program for about $5.3 million in net proceeds. An amended filing on May 18 put the outstanding share count at 10.22 million as of May 13, correcting the previous figure.
Lisa Thompson at Zacks Small Cap Research said May 20 that Gaxos “continues to beat on the top line” and boosted her 2026 revenue estimate to $8.7 million. Thompson also noted initial customers may lose money as acquisition costs hit, but “repeat orders add to profits.” Zacks said it is paid for covering Gaxos. Zacks Small Cap Research
The move could go the other way if AWS support doesn’t bring in actual enterprise clients or if marketing outpaces repeat sales. Gaxos said it still sees operating losses ahead while it carries out its growth plan, so Tuesday’s gains were more about hopes than hard numbers.
