Newsmax, Inc. Class B Common Stock (NMAX)

Newsmax (NYSE: NMAX) CEO Christopher Ruddy rang the opening bell at the New York Stock Exchange on Thursday to celebrate the company’s IPO earlier this week. With an initial share price of $10, Newsmax raised $75 million with the stock surging dramatically the first day and peaking at $279.99 in after-hours trading on Tuesday. Despite a correction on Wednesday, the stock achieved a remarkable 400% increase in just three days of public trading. While some compared the frantic trading pace to meme stocks, Newsmax rejects those claims, noting its status as a major media enterprise. The company, which launched its cable news channel in 2014, is the fourth-ranked cable news network in the U.S., reaching over 40 million Americans through its platforms.

Two dramatically different sectors—conservative media and next-gen telecom—are making headlines as Newsmax (NYSE: NMAX) and Peraso Inc. (NASDAQ: PRSO) capture investor attention with breakout market moves and disruptive strategies.