Tiny AI Drone Technology Company Surges 1,000% in Two Days (2)

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.

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 ...