24/7 Market News Snapshot 30 December, 2024 – VCI Global Limited Ordinary Share (NASDAQ:VCIG)

December 30, 2024

DENVER, Colo., 30 December, 2024 (247marketnews.com) – (NASDAQ:VCIG) are discussed in this article.
VCI Global Limited is witnessing a significant uptrend, as its ordinary shares (VCIG) surged to $1.989 in the pre-market session, marking an impressive increase of 19.1% from the previous close of $1.670. This noteworthy price movement signals robust investor confidence, which may be influenced by favorable market sentiment or recent company developments. Current trading volume has reached 1.55 million shares, indicating heightened interest in the stock. Traders are advised to monitor key technical indicators, with support levels identified at $1.670 and resistance at $2.000, which can guide potential entry or exit strategies while being mindful of broader market trends.

In a strategic move, VCI Global’s AI division, VC AI Limited, has made a significant investment in Marvis Inc., an innovative startup that is pioneering developments in artificial intelligence through its digital clone technology. This investment, facilitated via a Simple Agreement for Future Equity (SAFE), positions VC.AI to acquire equity in Marvis in their forthcoming financing round, currently valued at $30 million.

Marvis, led by experienced entrepreneur Masaaki Hatano, focuses on creating advanced AI agents designed to automate routine tasks, thereby increasing productivity within organizations. By enabling teams to delegate repetitive functions to these agents, Marvis encourages a shift towards more strategic and innovative projects.

The growing interest in Marvis is underscored by endorsements from prominent figures affiliated with Google, Intel, and IBM, all of whom support its mission. With plans to file for a NASDAQ listing by 2028 and a target market capitalization of $20 billion, Marvis is poised for significant growth in the AI sector, projected to exceed $55 billion by 2030 according to Markets and Markets.

Dato’ Victor Hoo, Group Executive Chairman and CEO of VCI Global, expressed confidence in the potential of Marvis to transform work experiences by liberating individuals from various constraints, reinforcing VCI Global’s commitment to leading innovations in the evolving landscape of artificial intelligence.

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