Solana’s 8.1% Weekly Surge: Is This the Start of SOL’s Next Bull Run?
Solana just ripped higher—posting a solid 8.1% weekly gain that has traders buzzing. Is this the spark that ignites the next major rally?
Breaking Down the Momentum
SOL isn’t just moving—it’s climbing with conviction. That kind of weekly jump doesn’t happen by accident. It signals renewed confidence, maybe even a shift in market sentiment. Retail and institutions are both paying attention.
What’s Driving the Push?
Strong fundamentals, developer activity, and a network that just won’t quit. While other chains stutter, Solana keeps building. No surprise it’s catching bids when momentum traders pile in.
The Big Question: Can It Hold?
Gains are great—sustaining them is everything. If SOL can consolidate above key levels, this could be more than a pump. It might be the real deal. Then again, in crypto, today’s rally is tomorrow’s ‘what was I thinking’—classic finance, always keeping you guessing.
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Joby stock sank on inflation and AI news
Joby stock got hit with big valuation pressures early in this week's trading as risk factors related to inflation and valuations for companies with significant exposure to AI trends came into focus. After the Bureau of Labor Statistics published Producer Price Index data for July last week that raised fears that higher inflation faced by wholesalers WOULD soon cascade down to the consumer economy,andpublished second-quarter reports this week that reinforced and added to those concerns.
Joby also saw valuation pullbacks in response to new research published by the Massachusetts Institute of Technology (MIT) that said that 95% of businesses hadn't achieved profitability on their investments in generative AI. While Joby's eVTOL craft aren't directly part of the artificial intelligence market, investors are betting that AI technologies will pave the way for self-driving capabilities that open up big growth avenues for the business.
What's next for Joby Aviation?
Joby Aviation stock got a boost at the end of last week's trading thanks to a speech given by Federal Reserve Chair Jerome Powell. In the speech, Powell indicated that the U.S. economy was continuing to see some concerning inflationary pressures -- but he also suggested that weaker overall economic activity had become the bigger concern. In light of weaker-than-expected jobs data, it seems like the Federal Reserve is on track to cut interest rates in September -- and that's good news for Joby stock.
Last week, Joby announced that it had completed its first trip between two U.S. airports in airspace governed by the Federal Aviation Administration (FAA). Notably, there were also other aircraft active in the proximity. Joby continues to make meaningful progress, but investors should understand that big risks remain along regulatory lines.
