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Red Cat Holdings stays bullish on drones despite mixed Q2 results and market doubts.

Market News
16 Aug 2026
Seeking Alpha
View Source
Bullish
pluang ai news

Red Cat Holdings reported mixed Q2 2026 results but remains optimistic about its full-year revenue target of $150–$180 million. Achieving this depends on a strong sales increase in the second half, supported by a large manufacturing base and a drone order pipeline exceeding $1 billion. The company awaits significant orders from the Department of War, which could boost stock performance if realized. However, risks remain high without confirmed large contracts, making the stock a potentially rewarding but risky investment.

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SK Hynix approves $38B memory fabs, chips won't be ready until December 2028

SK Hynix approves $38B memory fabs, chips won't be ready until December 2028

SK Hynix has approved a $38 billion investment to build new memory fabrication plants. However, these new fabs are not expected to produce any chips before December 2028, indicating a long-term expansion plan. This move highlights SK Hynix's commitme...

Market News
Bullish
4 hours ago
Valkyrie Bitcoin Miners ETF surges 97% as AI leasing shifts fund away from bitcoin price moves

Valkyrie Bitcoin Miners ETF surges 97% as AI leasing shifts fund away from bitcoin price moves

The Valkyrie Bitcoin Miners ETF (WGMI) has risen 97% over the past year despite bitcoin falling 46%, due to its holdings shifting from traditional bitcoin mining to AI leasing deals. Companies like Riot, Core Scientific, and IREN have signed multi-bi...

Market News
Bullish
4 hours ago
Crypto developer Roman Storm challenges his conviction by comparing it to AI firms' liability for misuse of their tools.

Crypto developer Roman Storm challenges his conviction by comparing it to AI firms' liability for misuse of their tools.

Roman Storm, co-founder of Tornado Cash, contested his 2025 conviction for conspiracy to operate an unlicensed money-transmitting business by highlighting the widespread misuse of AI tools like ChatGPT and Google Gemini by sanctioned actors. He argue...

Market News
Neutral
4 hours ago
Tether passes audit, Ethereum whales move millions, Bitcoin may dip to $50K, Wintermute invests $1B in AI, gold tops $4,400.

Tether passes audit, Ethereum whales move millions, Bitcoin may dip to $50K, Wintermute invests $1B in AI, gold tops $4,400.

Tether completed a clean audit of its 2025 financials by KPMG, easing concerns about its reserves. An Ethereum wallet moved 2,680 ETH after 11 years, highlighting old investors' activity. Bitcoin could drop to $50,000 before rising to $1 million, acc...

Market News
Neutral
4 hours ago
Binance's CZ retires public wallet after meme coin spam clutters holdings, donates $960K to charity.

Binance's CZ retires public wallet after meme coin spam clutters holdings, donates $960K to charity.

Binance co-founder Changpeng Zhao (CZ) is retiring his public crypto wallet due to excessive unsolicited token deposits, mainly meme coins, which made managing his BNB holdings difficult. After publicly sharing the wallet address in 2025, it received...

Market News
Neutral
5 hours ago
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