CIMG Inc. saw a significant price increase of 41.67% in pre-market trading, as the stock crossed above its 5-day SMA, indicating strong investor interest.
This surge is attributed to CIMG securing multiple sales contracts and framework agreements worth approximately $124 million, marking a substantial breakthrough in the computing power sector. The company has elevated computing power to a core strategy, appointing a new president to drive business development, which is expected to enhance its market competitiveness and revenue streams.
The implications of this development are significant, as it positions CIMG for future growth in a rapidly evolving market. The focus on computing power, combined with the integration of AI technology, could lead to innovative solutions and a stronger market presence.
CIMG Inc., formerly NuZee, Inc., is a digital marketing, sales and distribution company for various consumer products with focuses on food and beverages. The Company focuses on specialty coffee and technologies. The Company's products include single serve pour over, coffee brew bag coffee products, and single serve coffee format, DRIPKIT pour over products. Its DRIPKIT pour over format features a large-size single serve pour over pack that sits on top of the cup and delivers to its customers in the United States, Canada and Mexico. The Company also sells single serve coffee products, including its flagship Coffee Blenders line of both single serves pour over coffee and coffee brew bag coffee products. Coffee Blenders also offers Coldpresso latte product line that is available to purchase in Korea and online. The Company sells its Twin Peaks single serve pour over coffee exclusively via Amazon. It has a sales and distribution network for maca infused food and beverages.
About the author
Emily J. Thompson
Emily J. Thompson, a Chartered Financial Analyst (CFA) with 12 years in investment research, graduated with honors from the Wharton School. Specializing in industrial and technology stocks, she provides in-depth analysis for Intellectia’s earnings and market brief reports.
