Datavault AI (DVLT) Completes Acquisition of API Media Innovation

Datavault AI Inc. (NASDAQ:DVLT) is one of the 15 AI Stocks That Are Skyrocketing. On January 23, Datavault AI Inc. (NASDAQ:DVLT) announced that it has completed its acquisition of API Media Innovation Inc, a company that provides media infrastructure and event technology solutions.

API Media Innovation Inc offers innovative audio and visual technologies for media, sports, and entertainment. Its clients include some of the most well-known sports venues and events, supported by a strong customer-focused culture that the firm has built over decades. With this acquisition, Datavault AI Inc. (NASDAQ:DVLT) gets new expertise in digital media operations, audience intelligence, and revenue analytics, which puts the company in a strong position to grow its presence in enterprise data, advertising, and AI-as-a-Service markets.

Earlier, on January 5, Maxim Group increased its price target on Datavault AI Inc. (NASDAQ:DVLT) from $3 to $4 and maintained a Buy rating on the stock.

The firm pointed to the company’s recent strategic moves, including the WiSA merger, the acquisition of CSI, new licensing deals, and a $150 million investment in Bitcoin from Scilex. Maxim Group noted that these developments, combined with Datavault AI Inc.’s (NASDAQ:DVLT) IP portfolio across Web 3.0, audio technologies, and data monetization, make the company’s prospects increasingly promising.

Datavault AI Inc. (NASDAQ:DVLT), formerly known as WiSA Technologies, Inc., is a technology company focused on AI-driven data, blockchain, and Web 3.0 asset monetization, alongside spatial audio technologies.

While we acknowledge the potential of DVLT as an investment, we believe certain AI stocks offer greater upside potential and carry less downside risk. If you’re looking for an extremely undervalued AI stock that also stands to benefit significantly from Trump-era tariffs and the onshoring trend, see our free report on the best short-term AI stock.

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Disclosure: None. This article is originally published at Insider Monkey.