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SOUN, IONQ, OXY, ONDS, TSLA: 5 Trending Stocks Today - Tesla (NASDAQ:TSLA)
Benzinga· 2025-10-03 02:35
Market Overview - The U.S. stock market finished higher on Thursday, with the Dow Jones Industrial Average up nearly 0.2% to 46,519.72, the S&P 500 adding 0.06% to 6,715.35, and the Nasdaq climbing about 0.4% to 22,844.05 [1] Company Highlights - **SoundHound AI Inc. (NASDAQ:SOUN)**: Shares surged by 10.46%, closing at $17.84, with an intraday high of $18.39 and a low of $16.45. The 52-week range is $24.98 to $4.56. The company gained recognition as a leader in IDC MarketScape's assessment of conversational AI platforms, attracting renewed investor interest due to strong revenue momentum [2][1]. - **IonQ Inc. (NYSE:IONQ)**: Stock rose by 10.32%, closing at $69.60, reaching an intraday peak of $69.60 and a low of $64.41. The 52-week high is $76.13 and the low is $8.79. Investors are monitoring IonQ as it pulls back from recent highs, potentially entering a favorable buying zone [3][1]. - **Occidental Petroleum Corp. (NYSE:OXY)**: Stock fell by 7.31%, closing at $44.23, with an intraday high of $47.92 and a low of $43.84. The 52-week range is $56.49 to $34.78. The company is reportedly considering selling its OxyChem division to Berkshire Hathaway in a deal valued at approximately $10 billion, which could streamline operations [4][1]. - **Ondas Holdings Inc. (NASDAQ:ONDS)**: Saw a significant rise of 25.99%, closing at $9.21, with an intraday high of $9.34 and a low of $7.66. The 52-week high is $9.34 and the low is $0.57. The surge followed the announcement of a major purchase order for Wåsp drones, marking its entry into the U.S. defense market [5][1]. - **Tesla Inc. (NASDAQ:TSLA)**: Stock declined by 5.11%, closing at $436, with an intraday high of $470.75 and a low of $435.57. The 52-week high is $488.54 and the low is $212.11. The decline is attributed to a significant drop in car sales in Italy, which fell by over 25.6% in September, and concerns over expiring Federal EV credits [6][1].
Ondas Places Initial Order for Wasp Attritable Drones from Rift Dynamics for Distribution to U.S. Defense Markets
Accessnewswire· 2025-10-02 12:30
Core Viewpoint - Ondas Holdings Inc. has initiated the distribution of the Wåsp drone platform in the U.S. defense market through its American Robotics subsidiary, addressing the demand for affordable and compliant drone systems from the U.S. Department of War [1] Group 1: Company Overview - Ondas Holdings Inc. operates through two main business units: Ondas Autonomous Systems (OAS) and Ondas Networks, focusing on autonomous aerial and ground robot intelligence and private wireless solutions respectively [1] - The company has placed an initial order of 500 Wåsp drones from Rift Dynamics to kickstart its distribution efforts in the U.S. defense sector [1] Group 2: Product and Market Strategy - The Wåsp drone platform is designed to be combat-ready and is compliant with the National Defense Authorization Act (NDAA), making it suitable for U.S. military applications [1] - The manufacturing strategy involves collaboration with Kitron, a leading defense electronics manufacturer, to ensure scalable production capabilities, targeting an output of 20,000 units per month globally [1] - The Wåsp drone system is positioned to meet the increasing demand for "mass affordable" strike and perimeter defense platforms as specified by the U.S. Department of War [1]