AI drone firm Swarmer surges over 500% on Nasdaq debut

18/03/2026 Argaam
Swarmer is now the best debut for a US stock in nearly a year

Swarmer is now the best debut for a US stock in nearly a year

Artificial intelligence drone software maker Swarmer surged by more than 500% on its first trading session on Nasdaq, making it the best debut for a US stock in nearly a year.

 

The stock jumped 520% on March 17, and rose further 70% to $52.95 as of 5:56 p.m. Makkah time.

 

It is now the best showing for a newly listed stock since Newsmax shares surged more than 700% following its IPO in March, according to data analytics firm Renaissance Capital.

 

The company’s listing comes as US firms seek to fill the gap in the drone market after the Federal Communications Commission banned imports of drones from Chinese company DJI late last year.

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