Why Is Peraso Stock (PRSO) Shooting for the Sky Today?

robot
Abstract generation in progress

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.

Claim 70% Off TipRanks Premium

  • Unlock hedge fund-level data and powerful investing tools for smarter, sharper decisions

  • Stay ahead of the market with the latest news and analysis and maximize your portfolio’s potential

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.

Disclaimer & DisclosureReport an Issue

This page may contain third-party content, which is provided for information purposes only (not representations/warranties) and should not be considered as an endorsement of its views by Gate, nor as financial or professional advice. See Disclaimer for details.
  • Reward
  • Comment
  • Repost
  • Share
Comment
0/400
No comments
  • Pin