PALLADYNE AI CORP's stock surged 14.27% in the 24 hours leading up to pre-market on Monday, as drone maker companies saw a significant rally. The drone and autonomous vehicle sector has been rising recently, with PDYN itself jumping over 7% during the weekend session.
Other drone makers like ONDS soared over 18%, while SES AI rose 6.7% and Unusual Machines was up 2.4%. The rally comes as investors grow increasingly bullish on autonomous technology companies. EV startup Faraday Future also saw its stock spike 25.6% after securing $30 million in new financing.
The broader drone and autonomous driving industry appears poised for growth as the technology continues advancing. Companies like PDYN that are at the forefront of innovation in this space could potentially see further upside as adoption accelerates.
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