SES AI Corp (SES) shares jumped 5.02% in pre-market trading on Monday, amid a broader rally in drone maker stocks. The surge comes as investors appear optimistic about the prospects of the drone industry and autonomous technologies.
Along with SES AI Corp, other drone makers also saw significant gains in early trading. Ondas Holdings (ONDS) soared over 18%, while Palladyne AI (PDYN) jumped over 7% following a 61% rally in the previous session. Unusual Machines (UMAC) was up 2.4% as well.
The rally in drone maker stocks could be fueled by increasing adoption of drone technologies across various industries, as well as advancements in autonomous flight capabilities. Investors may be betting on the long-term growth potential of these companies as demand for drones and related services continues to rise.
Disclaimer: Investing carries risk. This is not financial advice. The above content should not be regarded as an offer, recommendation, or solicitation on acquiring or disposing of any financial products, any associated discussions, comments, or posts by author or other users should not be considered as such either. It is solely for general information purpose only, which does not consider your own investment objectives, financial situations or needs. TTM assumes no responsibility or warranty for the accuracy and completeness of the information, investors should do their own research and may seek professional advice before investing.