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JOBY
Benzinga
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Joby's 38% Stock Plunge Is Ugly—But The Pentagon Might Be Interested

1. Joby stock down 38% from peak, despite technological advancements. 2. Successful demo of Superpilot technology over 7,000 miles logged. 3. Pentagon requests $9.4 billion for autonomous aircraft technologies. 4. Joby aims to align with DoD for potential funding opportunities. 5. Shares gained 160% in the past year despite recent downturn.

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FAQ

Why Bullish?

Joby's successful technology demonstration positions it favorably for defense contracts, potentially boosting revenue.

How important is it?

Technological advancements and government alignment indicate strong potential growth.

Why Short Term?

Immediate alignment with the Pentagon could lead to increased funding. Similar past partnerships often resulted in positive stock movements.

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