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Why Is Peraso Stock (PRSO) Shooting for the Sky Today?
Shares in Peraso Inc. PRSO +123.18% ▲ , the American semiconductor devices and modules maker, rocketed as high as 124% on Friday morning. This came after the California-based company revealed that Israeli defense contractor InTACT has selected one of its tech products for use in a new system designed to identify friendly or enemy drones.
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Specifically, the contractor picked Peraso’s 60 GHz millimeter-wave semiconductor technology. The selection comes as drone warfare has emerged as a key strategy in the ongoing U.S.-Israel-Iran war.
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