Why Nauticus Robotics (KITT) Declined Last Week?
From Yahoo Finance: 2025-04-01 09:31:00
Defense stocks are soaring globally, with European countries boosting military budgets. Asian contractors are also benefiting. However, US defense stocks struggle due to potential budget cuts. Analysts remain optimistic, citing reduced downside potential. Citigroup urges investing in American defense stocks for long-term security. Nauticus Robotics (KITT) is declining, facing financial challenges and compliance issues, down 35% YTD. They rank 3rd among declining defense stocks this week. Consider AI stocks for better returns in a shorter timeframe.