Why Amentum Holdings Inc. (AMTM) Is Skyrocketing Today?

We recently published a list of 10 Stocks Skyrocketing Today. In this article, we are going to take a look at where Amentum Holdings Inc. (NYSE:AMTM) stands against other stocks that are skyrocketing today.

The stock market ended mixed on Wednesday, with the Dow Jones emerging as the sole decliner, as investors digested more news of tariff threats from President Donald Trump.

The Dow dropped by 0.20 percent, while the S&P 500 and Nasdaq clocked in gains of 0.49 percent and 1.22 percent, respectively.

Meanwhile, 10 companies, predominantly those riding the AI wave, were touted as investors’ haven, clocking in gains during a cautious trading session.

In this article, we have identified the 10 strongest firms on Wednesday and detailed the reasons behind their performance.

To come up with the list, we considered only the stocks with at least $2 billion in market capitalization and $5 million in trading volume.

A DOD assistant presenting a portfolio of products and solutions from the company, highlighting its expertise in the IT sector.

Amentum Holdings Inc. (NYSE:AMTM)

Amentum snapped a two-day losing streak on Wednesday, jumping 8.10 percent to close at $18.42 apiece as investors resorted to bargain-hunting following news that it partnered with Rivada Space Networks to establish a unique, ultra-secure low Earth orbit (LEO) network to support the US government’s mission-critical communications globally.

In a statement, Rivada said it was building a uniquely capable LEO constellation focused on zero-trust networking, which would see the establishment of a highly secure global communications backbone in space.

“The Outernet not only strengthens digital infrastructure but also expands mission capabilities for our US government customers,” it said.

For his part, Dave Marlowe, vice president for intelligence and cyber at AMTM, said: “Our goal is to ensure our customers have access to the latest innovation in secure space architecture as part of their national security solutions.”

Overall, AMTM ranks 10th on our list of stocks that are skyrocketing today. While we acknowledge the potential of AMTM as an investment, our conviction lies in the belief that some AI stocks hold greater promise for delivering higher returns and doing so within a shorter time frame. If you are looking for an AI stock that is more promising than AMTM but trades at less than 5 times its earnings, check out our report about the cheapest AI stock.

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Disclosure: None. This article is originally published at Insider Monkey.