DeepSeek AI Integration Sent These Shares Soaring

2025-02-20 15:45:00 ET

A Chinese IoT development company found a tremendous amount of success on Thursday after the company announced a DeepSeek AI integration for its pet tech sector, according to a press release this morning.

Traders wasted no time buying up shares of Tuya Inc. (ADR) (NYSE:TUYA) , pushing the stock up to $3.93/share (+28.43%) at the session high. This move was a strong continuation of the incredible success this stock has had over the last year, particularly over the last month.

Tuya Inc is a global IoT development platform that builds interconnectivity standards to bridge the intelligent needs of brands, OEMs, developers, and retail chains across a broad range of smart devices and industries. Based on the global public cloud, Tuya connects different intelligent scenarios and smart devices by providing hardware development tools, integrating public cloud services, and offering an intelligent business development platform. The company provides comprehensive smart empowerment from technology to marketing to foster a neutral, open and accessible developer ecosystem.

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