The quantum computing sector surged. $QUANTUM CORP(QMCO)$ soared nearly 50%. $Rigetti Computing(RGTI)$ was up over 37%, $D-Wave Systems Inc.(QBTS)$ jumped more than 25%, and $Quantum Computing Inc.(QUBT)$ increased by 15%, $IONQ Inc.(IONQ)$ rose 10%.
AI stocks $SoundHound AI Inc(SOUN)$ and $BigBear.ai Holdings(BBAI)$ both surged by 20%.
U.S. drone concept stocks also saw a collective rise, with $PALLADYNE AI CORP(PDYN)$ up over 46%, $Unusual Machines Inc(UMAC)$ up more than 20%, $Vertical Aerospace(EVTL)$ rising over 30%, and $Red Cat Holdings Inc.(RCAT)$ gaining more than 12%.
Sector Rotation: Small-Cap is The Next Big Move?
Yesterday, the Magnificent 7 stocks saw a general decline, but Apple’s stock remained resilient. Some analysts believe we are now in the late stage of the bull market, where sector rotation has shifted to small-cap stocks. The IWM index rose 1% yesterday, and popular small-cap meme stocks like quantum computing and drone companies surged by over 20%. Additionally, Trump’s tax cut policies are also seen as favorable for small-cap stocks.
----------------------
Are small caps the next big investment trend? Would you buy into IWM or the hot sectors?
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.
Comments