GigaCloud Technology Inc. launched its AI Sourcing Analyst for professional buyers on its B2B marketplace. The tool uses artificial intelligence to analyze market trends, forecast demand and identify potentially profitable product opportunities, with the aim of improving sourcing efficiency.
GigaCloud shares rose over 8% in pre-market trading. They gained more than 10% in morning trading.
The rally came amid investor optimism that the tool could add value for marketplace users and support the company’s growth.