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Axe Compute Inc. (NASDAQ:AGPU) shares are trending on Thursday.
Shares of the GPU infrastructure provider designed for AI rose 12.64% after the bell, closing at $4.01. The increase followed a Securities and Exchange Commission filing announcing that Kyle Okamoto will assume the role of president, effective Wednesday.
The late-session surge comes after the stock jumped 117.07% during the trading day.
Industry Veteran Takes the Helm as President
According to Axe Compute, Okamoto, 42, brings deep sector credibility.
He most recently served as Chief Technology Officer at Aethir (CRYPTO: ATH), a distributed GPU cloud and AI computing platform. He has also held senior positions at Ericsson and Verizon
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