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Strong memory demand has been a catalyst for this AI stock in recent months, a trend that's likely to continue.

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.

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The stock was the sharpest riser in the S&P 500 premarket after the company said the facilities would boost its manufacturing capacity for DRAM and high-bandwidth memory products.