WELL Health Technologies, NexJ Systems And NexOptic Technology Among Fast Growing Canadian AI Stocks

Since the March market crash, the Canadian market has rebounded over 45% and Canadian AI stocks are among those that have recovered. Various AI stocks have soared as most benefited during the pandemic as they saw a surge in demand for their services and products. These Canadian AI stocks look promising and will return significant investor returns.

WELL Health Leveraging Phelix.ai automation software

WELL, Health Technologies (TSX:WELL) is one of the fastest-growing stocks in Canada currently following its uplisting this year to the TSX. The Company launched VirtualClinic+ in March and with the pandemic telehealth adoption has grown which is an advantage for the company.

Recently the company entered an alliance with Phelix AI Inc. to leverage its AI-powered software for its clinics. The company also signed a partnership agreement with Phelix.ai in which it was given rights to leverage and sublicense the clinical assistant automation solution fop helix.ai to OSCAR community users.

NexJ among Canadian AI stocks that performed well in Q2 2020

Another AI stock showing promise is NexJ Systems (TSX:NXJ) which offers AI customer management solutions to the financial services sector. In Q2 2020 the company reported revenue of $4.3 million and adjusted EBITDA profit of $582,000 compared to a loss of $.6 million in Q2 2019.

Paul O’Donnell the CEO of the company indicated that the company managed to maintain consistent revenue generation and improved YoY results despite the issues to do with the pandemic. He added that their consistency demonstrates the underlying stability of their business and relationships with customers.

NexOptic Technology leveraging its ALIIS solution for various applications

NexOptic Technology Corp (TSXV:NXO) has also been doing well in recent weeks. The company recently announced that it had joined the NVIDIA Partner Network whereby its ALIIS solution will be leveraged in new applications such as industrial automation, smart cities, robotics, and healthcare. The collaboration will also leverage the AI offerings of the NVIDIA® Jetson™ Platform.

This article by Money News National is general in nature. It does not constitute a recommendation to buy or sell any stock, and does not take account of your objectives, or your financial situation. Money News National has no position in the stocks mentioned. Thank you for reading.


This article may include forward-looking statements. These forward-looking statements generally are identified by the words “believe,” “project,” “estimate,” “become,” “plan,” “will,” and similar expressions. These forward-looking statements involve known and unknown risks as well as uncertainties, including those discussed in the following cautionary statements and elsewhere in this article and on this site. Although the Company may believe that its expectations are based on reasonable assumptions, the actual results that the Company may achieve may differ materially from any forward-looking statements, which reflect the opinions of the management of the Company only as of the date hereof. Additionally, please make sure to read these important disclosures.


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