Elmet Group, Rum Group, Tyra Biosciences And Other Big Stocks Moving Higher On Monday
Nasdaq fell 1%, while Elmet surged 50.6% on $450M DoD funding plans; Rum, SailPoint, Tyra and cybersecurity stocks also rallied.
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Shares of cybersecurity-related companies are trading higher after AI executives from companies including Anthropic, OpenAI and SpaceXAI signaled that the industry's growth may have to be slowed, which may limit threats to software vendors.
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