PIXY Stock Jumps After Acquisition Of TurboScale: Retail Turns Extremely Bullish

Shares of Florida-based national staffing enterprise ShiftPixy Inc (PIXY) jumped 150% on Thursday after the firm announced the acquisition of TurboScale, an AI technology company specializing in scalable GPU cloud infrastructure and AI model deployment.

PIXY became the top trending ticker on Stocktwits on Thursday morning after the announcement. The deal size amounts to $150 million, which was structured with $75 million in stock and $75 million in debt.

TurboScale CEO Chandler Song said ShiftPixy provides a perfect platform for many use cases of AI to blossom. “The two companies plan to build training and inference infrastructure for vertical AIs that include HR, Sales, Customer Services, and many more,” he said.

ShiftPixy said that the acquisition will allow the firm to introduce enhanced AI-powered features, such as real-time predictive analytics and machine learning-driven automation, to streamline workforce management.

“By integrating TurboScale’s advanced GPU cloud and AI technology, ShiftPixy will enhance its ability to optimize staffing efficiency, improve labor forecasting, and offer advanced AI-driven workforce solutions for clients across multiple industries,” the firm said.

According to ShiftPixy, TurboScale’s platform offers cost-efficient, highly configurable virtual machines and private cloud solutions, tailored to meet the diverse needs of enterprises, from small experiments to large-scale AI deployments.

Following the announcement, retail sentiment on Stocktwits jumped into the ‘extremely bullish’ territory (94/100), accompanied by 'extremely high' message volumes.

Shares of PIXY have recorded losses of over 83% on a year-to-date basis.

Also See: Blackstone Beats Q3 Estimates, AUM Reaches Record $1.11T: Stock Rises, But Retail Caution Lingers

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