• MYSE made multiple announcements this month, including a new subscription service, and its selection into a top chipmaker’s AI program.
• On Wednesday, the company underwent a corporate makeover and changed its name to “Myseum.AI” from “Myseum, Inc.” 
• The stock saw its best day of the year on Thursday, closing with a gain of over 129%. 

Shares of Myseum.AI (MYSE) surged nearly 12% on Friday, marking its second consecutive session of gains, after the company announced it had been accepted into Advanced Micro Devices’ (AMD) artificial intelligence development program. 

This will give it access to AMD Developer Cloud credits, advanced tools, training, and community resources to support AI development.

“Recognition and acceptance into the AMD AI Developer Program reinforces our commitment to AI innovation as a core premise of our Company’s value proposition and a key driver of growth and expansion,” said Chief Executive Officer Darin Myman.

MYSE In The News

On Wednesday, the company underwent a corporate makeover and changed its name to “Myseum.AI” from “Myseum, Inc.” 

The move is reminiscent of companies that sought to capitalize on market trends through rebranding during the dot-com and blockchain frenzies. It is also notable that the company was called “DatChat, Inc.” eight months ago.

Earlier this month, it launched a subscription service for its privacy-first social media app “Picture Party,” aimed at corporate customers seeking private social feeds for their business needs, such as conferences and conventions.

Picture Party aims to chip away at Instagram’s market share by offering social networking features without algorithmic suggestions and advertisements. 

In a recent interview, the company’s CEO said he is looking to grow the platform’s user base to 10 million in the near term, and is eyeing the app’s use case for weddings in the U.S., among other niche markets.

How Did Retail Traders React?

On Stocktwits, retail sentiment remained ‘extremely bullish’ amid an 82% spike in messaging volume over the last 24 hours. However, Wall Street does not have a rating for the stock.

One user noted that the stock is good for short-term gains but sounded a cautionary note about volatility.

https://stocktwits.com/LosersMakeMillions/message/650541043

During premarket trading, the stock rose more than 20% but lost steam later. Over 25.45 million shares changed hands by 10:45 am ET, more than six times its three-month average trading volume.

The stock saw its best day of the year on Thursday, closing with a gain of over 129%. 

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