NIA's #1 favorite AI stock suggestion Healwell AI (TSX: AIDX) gained by 10.63% today to a new 52-week high of $2.29 per share for a gain of 146.24% since NIA's February 28th suggestion at $0.93 per share!
We trust AIDX Chairman Hamed Shahbazi to continue executing and turn AIDX into a multi-billion-dollar company.
AIDX recently reported 1Q 2024 revenue of $4.58 million for an increase of 132% on a year-over-year basis.
AIDX has rapidly established a revenue run-rate of $20 million and has a strong and active acquisition and business development pipeline in place with the potential to more than double its revenue run-rate to over $40 million using only the cash on hand that they had prior to its recent equity raise of $20 million.
Including the $20 million of additional capital that AIDX now has, there is no telling how many additional new healthcare AI businesses that AIDX is likely to rapidly roll up in the upcoming months.
AIDX has a very aggressive growth strategy similar to what AIDX Chairman Hamed Shahbazi did with Well Health (TSX: WELL), which has grown rapidly for the last 21 consecutive quarters!
Between June 2017 and February 2021, Hamed Shahbazi's Well Health (TSX: WELL) became a 63-bagger. Even after dipping from its February 2021 all-time high, WELL remains up by 2,370% over the last seven years!
Early Well Health (TSX: WELL) investor Hong Kong's richest man Li Ka-shing had the foresight to see 10 years ago how AI technology and large language models (LLMs) could revolutionize healthcare when he donated $3 million to Stanford University to explore ways of harnessing its vast repositories of biomedical data to improve human health and lower health care costs: click here to see for yourself! This is exactly what AIDX is doing today!
In fact, when billionaire Li Ka-shing invested big into Hamed Shahbazi's Well Health (TSX: WELL) five years ago, Bloomberg said he was investing into WELL to halt doctor's paper trails: click here to see for yourself! This is another thing that AIDX excels at today!
Recently, billionaire Li Ka-shing invested big into German healthcare AI start-up Doctorly GmbH. AIDX also owns a large stake in Doctorly GmbH!
Past performance is not an indicator of future returns. NIA is not an investment advisor and does not provide investment advice. Always do your own research and make your own investment decisions. NIA has received compensation from AIDX of US$50,000 cash for a six-month marketing contract. This message is meant for informational and educational purposes only and does not provide investment advice.
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