It's essential to ask yourself why this stock would go up. The company isn't making any money and has cut its workforce, indicating financial difficulties. Additionally, they're light years behind NVIDIA $NVIDIA Corp(NVDA)$ , a leader in the industry. While they are being revamped and streamlined, and receiving substantial funds from the federal government, these changes are not enough to drive significant stock price increases. Until there are strong earnings and positive guidance, this stock is unlikely to move much, potentially remaining stagnant until Q4 of 2025 or Q1 of 2026 at the earliest. Investors should remain cautious and focus on the fundamentals.
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