Red Cat Holdings Inc. (RCAT) shares tumbled nearly 12% in after-hours trading on Monday despite an earlier rally during the regular session on news of a partnership with AI software giant Palantir Technologies.
The Puerto Rico-based drone technology company had announced a strategic partnership with Palantir to integrate the latter's visual navigation software into select Red Cat drones. This collaboration would utilize Palantir's AI software running onboard the drones to provide accurate navigation independent of GPS or radio signals.
The partnership news initially sent Red Cat shares soaring as much as 25% during Monday's trading to an intraday high of $10.35. However, the stock swiftly reversed course in after-hours trading following the company's fiscal second-quarter earnings release.
免責聲明:投資有風險,本文並非投資建議,以上內容不應被視為任何金融產品的購買或出售要約、建議或邀請,作者或其他用戶的任何相關討論、評論或帖子也不應被視為此類內容。本文僅供一般參考,不考慮您的個人投資目標、財務狀況或需求。TTM對信息的準確性和完整性不承擔任何責任或保證,投資者應自行研究並在投資前尋求專業建議。