Ondas Holdings (ONDS) Sheds 8.9%, Mirrors Broader Pessimism

We precocious published 10 Big Names Investors Are Dumping. Ondas Holdings Inc. (NASDAQ:ONDS) is 1 of the worst performers connected Wednesday.

Ondas dropped its stock prices by 8.90 percent connected Wednesday to decorativeness astatine $7.37 apiece, mimicking a broader marketplace pessimism dragged by expanding fears implicit dense spending connected AI, portion investors continued to instrumentality profits up of the Christmas holiday.

The driblet came contempt developments successful Ondas Holdings Inc. (NASDAQ:ONDS), which had completed its acquisition of Roboteam, efficaciously expanding its operations successful combat-proven unmanned crushed conveyance platforms and complementing its existing aerial autonomy, counter-UAS, and quality capabilities.

Once successfully integrated, Roboteam would run nether Ondas Holdings Inc.’s (NASDAQ:ONDS) concern unit, Ondas Autonomous Systems.

In different news, Ondas Holdings Inc. (NASDAQ:ONDS) besides joined forces with Heidelberger Druckmaschinen AG—a institution engaged successful exertion and mechanical engineering—to jointly analyse the constitution of European manufacturing and integration capableness crossed the listed firm’s autonomous systems portfolio.

The 2 parties signed a memorandum of knowing connected Wednesday successful enactment of Germany and Israel’s solemnisation of their 60^th year of diplomatic relations.

Ondas Holdings Inc. (NASDAQ:ONDS) said that its concern would absorption connected counter-UAV (C-UAV) solutions and Intelligence, Surveillance and Reconnaissance (ISR) systems.

“Through this collaboration, we summation starring expertise successful the detection and defence against drones, portion Ondas gains an industrialisation spouse successful Europe that is acceptable to commencement immediately. This volition alteration European information authorities to beryllium supplied astatine abbreviated announcement and captious infrastructure successful Europe to beryllium protected against drone attacks. A existent win-win concern successful a tract of exertion that is presently arsenic important arsenic hardly immoderate other,” said German Federal Minister for Economic Affairs and Energy Katherina Reiche.

While we admit the imaginable of ONDS arsenic an investment, our condemnation lies successful the content that immoderate AI stocks clasp greater committedness for delivering higher returns and person constricted downside risk. If you are looking for an highly inexpensive AI banal that is besides a large beneficiary of Trump tariffs and onshoring, spot our escaped study connected the best short-term AI stock.

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Disclosure: None. This nonfiction is primitively published at Insider Monkey.