Tiny AI Drone Technology Company Surges 1,000% in Two Days [Yahoo! Finance]
Newsmax, Inc. Class B (NMAX)
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Source: Yahoo! Finance
(Bloomberg) -- Artificial intelligence drone software maker Swarmer Inc.'s shares have surged 1,000% in two days, making it the best debut for a US stock in nearly a year. Most Read from Bloomberg Trump Signs Order to Launch Vance-Led Anti-Fraud Task Force Russian Oil Bound for China Is Diverted as India Grabs More US Carrier Involved in Iran Fight Heads Back to Port After Fire Samsung to Stop Selling $2,899 TriFold Phone After Three Months Finland's Stubb Cautions NATO Allies to Heed Trump's Hormuz Call The Austin, Texas-based company's shares closed up 77% to $55.00 on Wednesday, after closing up 520% on Tuesday. It is now the best showing for a newly listed stock since Newsmax Inc.'s 2,230% two-day gain last year. “You're pretty much hitting some of the most important buzzwords in the market right now,” said Steve Sosnick, chief strategist at Interactive Brokers. “Anything with artificial intelligence clearly gets people's attention. And as we are literally engaged
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