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Ambow Education stock rockets after expanded partnership with Amazon with launch of AI training for teachers

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Shares of Ambow Education Holding Ltd.
AMBO,
+44.58%

blasted 45.7% higher on massive volume after the China-based provider of educational and career enhancement services announced the expansion of its partnership with Amazon.com Inc.
AMZN,
-0.67%

with the launch of Artificial Intelligence trading for teachers. Trading volume ballooned to 56.6 million shares, compared with the full-day average of about 648,000 shares over the past 30 days. Ambow said it has been collaborating with Amazon’s cloud services business, Amazon Web Services (AWS), on in-depth training courses. “Further cooperation with Amazon is a great testament to our strong capabilities in providing high-quality professional education and training,” said Ambow Chief Executive Jin Huang. “Leveraging our industry-leading AI Panorama Digital Teaching System, we will regularly launch AI training courses and host various events for new skills, shared experience and project research.” Ambow’s stock has advanced 23.5% year to date, while the iShares MSCI China ETF
MCHI,
-0.32%

has edged up 1.9% and the S&P 500
SPX,
-0.52%

has gained 11.3%.

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