Why Joby Aviation Stock Plummeted 15.1% Last Month and Has Kept Sinking in September

Joby Aviation (NYSE: JOBY) experienced a significant 15.1% decline in its stock price last month, contrasting with the S&P 500’s 1.9% and Nasdaq Composite’s 1.6% gains. This downturn followed the release of the company’s second-quarter results and a shift in investor sentiment towards defense AI plays, continuing into September.

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