Ondas shares are surging Thursday morning as traders lean into defense-and-drones optimism and a risk-on pocket of small-cap momentum.

Ondas Holdings (NASDAQ:ONDS) stock rallies Tuesday after Needham analysts maintain a $23 price forecast, highlighting the profitable Omnisys defense software acquisition.

Trump administration considers taking equity stakes in domestic drone firms. ONDS, UMAC, RCAT and AVAV stocks soar.

Ondas shares are surging Thursday morning as traders lean into defense-and-drones optimism and a risk-on pocket of small-cap momentum.