Why Coronavirus News Is Good News for General Electric Stock Today
General Electric (NYSE: GE) stock is generally best known for its industrial businesses building jet airplane engines and gas-fired turbines for energy production. But in this age of the coronavirus, it's COVID-19 news that is driving GE stock 3.6% higher as of 1:50 p.m. EST Monday.
This morning, GE Healthcare announced it has developed the world's first X-ray artificial intelligence algorithm to assist doctors working to help critically ill COVID-19 patients with their breathing.
GE's announcement relates to its Critical Care Suite 2.0 software system, which the company says can help clinicians "assess Endotracheal Tube (ETT) placement for intubated patients, including critical COVID-19 patients." Although it's just one of five AI "solutions" offered by the suite, this one is arguably the timeliest.
Source Fool.com
