Why Is Velo3D Stock Surging Wednesday? - Velo3D (NASDAQ:VELO)

Velo3D, Inc. (NYSE:VELO) stock rose Wednesday, reflecting a positive sentiment in the market. The move comes as the broader market is experiencing gains, with the S&P 500 up 0.37% and the Technology sector leading the way with a 1.68% increase.Recent Corporate DevelopmentsVelo3D has secured significant defense contracts in recent months. On Dec. 22, the company announced a $32.6 million Department of War contract under Project FORGE.More recently, on Jan. 13, Velo3D entered a Cooperative Research and Develo ...