Firefly Aerospace Inc. (NASDAQ:FLY) saw a 16.02% surge in its stock price, closing at $28.60 after being added to the Russell 2000 Index along with 17 other companies, resulting in its inclusion in the Russell 3000 index. This move is expected to attract more institutional and foreign investors.

Firefly Aerospace Inc. (NASDAQ:FLY) received a “sector weight” rating from KeyBanc last week, highlighting the company’s progress in its spacecraft operations. While profitability may take time, KeyBanc sees potential in FLY. For those interested in AI stocks, there are recommendations for investments with higher returns and lower risks.

KeyBanc acknowledges Firefly Aerospace Inc.’s (NASDAQ:FLY) efforts in establishing a consistent launch track record, particularly with its medium-lift rocket. For investors seeking AI stocks, there are suggestions for those with promising returns and minimal downside risks. The article also mentions stocks expected to double in three years and hidden AI stocks worth considering for investment opportunities.

Read more at Yahoo Finance: Firefly Aerospace (FLY) Soars 16% on Russell 2000 Inclusion