RKTO Stock Extends Rally After Landing Its First AI Catalyst – Retail Bulls Are Chasing An AI-Space Dream

• The company said it plans to use these resources to advance software modeling and simulation.
• Rocket One is looking to develop next-generation computing systems for AI, autonomous systems, defense infrastructure, and space-based applications.
• Rocket One, formerly known as Hoth Therapeutics, officially began trading on the Nasdaq under the ticker symbol RKTO on May 28.

Shares of Rocket One Inc. (RKTO) soared nearly 60% on Thursday, extending the stock’s blistering rally in the previous session, after investors cheered the company’s entry into AMD’s AI Developer Program — the first major milestone since its transformation from a biotech firm.

Rocket One, formerly known as Hoth Therapeutics, officially began trading on the Nasdaq under the ticker symbol RKTO on May 28, replacing its previous ticker, HOTH.

AMD Program Offers Crucial AI Training

Rocket One said the program gives it access to AI development resources, technical training, developer tools, and potential cloud computing credits to support the design and simulation of advanced AI workloads and accelerator technologies.

The company plans to use these resources to advance software modeling and simulation. Rocket One is targeting the development of next-generation computing systems for AI, autonomous systems, defense infrastructure, and space-based applications.

“The economics of semiconductor innovation are changing. Access to modern AI cloud infrastructure and simulation resources allows emerging technology companies to evaluate and refine advanced architectures earlier and more efficiently,” said CEO Robb Knie.

Rebranding Leads To Super Rally

On Wednesday, the company unveiled its transformation from Hoth Therapeutics into Rocket One, marking a strategic shift toward AI, semiconductors, and space technology. The stock climbed above its 200-day moving average for the first time in more than two months following the rebrand announcement.

Rocket One also holds exclusive rights to patent applications related to nanomagnetic and spintronic computing architectures designed to improve computing efficiency and lower energy use in AI workloads.

Despite the transition, the company said its legacy biotechnology business will continue operating through a wholly owned subsidiary.

What Is Retail’s Take On RKTO?

While retail sentiment for RKTO on Stocktwits was ‘neutral,’ message volumes on the platform exploded nearly 30,000% over a 24-hour period.

One user highlighted the nano magnetic chip for space as one of the key points that could lead the stock to rally further.

Another user highlighted that “real progress” would be a partnership or investment from a chipmaker.

The stock has gained around 38% so far this year.

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