Shares of Gaxos.ai Inc. (GXAI) are surging about 84 percent on Thursday morning trading following America First Defense secured a license for the Detachable Drone Highjacker from US Navy. Gaxos owns about 19 percent stake in the defense technology company.
The company's shares are currently trading at $2.29 on the Nasdaq, up 84.74 percent. The stock opened at $1.24 and has climbed as high as $2.39 so far in today's session. Over the past year, it has traded in a range of $1.00 to $2.96.
Gaxos believes that this transaction would place it at the intersection of AI, defense innovation, and a rapidly accelerating national security priority.
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April 24, 2026 15:15 ET Economics news flow was relatively light this week even as the conflict in the Middle East continued, raising concerns for policymakers. In the U.S., spending data, initial jobless claims and pending home sales were the highlights. Business confidence in the biggest euro area economy was in focus in Europe. Inflation data from Japan gained attention in Asia.