ALMU is trading 5.4% up today at $23.87 as investors continue to buy into the company’s AI and quantum photonics narrative.
- The rally is driven by enthusiasm for Aeluma’s positioning in indium phosphide-based optical networking, a key component for AI infrastructure.
- While there are no new company-specific headlines this morning, the stock continues to benefit from momentum related to prior government quantum and laser contracts.
- Broader market sentiment is also providing a tailwind, with major indices opening modestly higher.