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Shares of post-quantum semiconductor company SEALSQ Corp (NASDAQ:LAES) are trading lower Wednesday morning following Tuesday’s rally. Here’s what investors need to know.
What To Know: The stock’s 60% rally over the trailing week is fueled by a series of strategic announcements that highlight the company’s expanding role in quantum-resistant security.
Adding to the recent announcements, the company on Wednesday announced its WISeSat.space satellite is set to launch aboard a SpaceX Falcon 9 on Nov. 10. The company said the mission will serve as a testbed for post-quantum communication protocols, marking a pivotal step in developing quantum-resilient, satellite-based IoT connectivity.
Recent catalysts for the stock also include a new collaboration with Swiss compliance provider Wecan Group to develop a post-quantum Know Your Customer solution for the financial industry. This follows an expanded partnership with energy management firm Landis+Gyr to deploy its cybersecurity technology to protect North America's smart energy grid.
Benzinga Edge Rankings: The recent, sharp price increase is reflected in the stock’s exceptional Benzinga Edge Momentum score of 99.58.
LAES Price Action: SEALSQ shares were down 5.64% at $7.24 at the time of publication Wednesday, according to Benzinga Pro.
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Besides going to a brokerage platform to purchase a share – or fractional share – of stock, you can also gain access to shares either by buying an exchange traded fund (ETF) that holds the stock itself, or by allocating yourself to a strategy in your 401(k) that would seek to acquire shares in a mutual fund or other instrument.
For example, in SEALSQ’s case, it is in the Information Technology sector. An ETF will likely hold shares in many liquid and large companies that help track that sector, allowing an investor to gain exposure to the trends within that segment.
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Posted In: LAES
