Aeluma’s (NASDAQ: ALMU) stock price is under pressure in 2026 because the market has no appetite for risky, cash-burning startups without real revenue.
However, Aeluma is not a run-of-the-mill startup, and a catalyst is in play that investors can capitalize on. The company is in the midst of a major transition, from research, development, and niche production to scalable manufacturing of advanced photonic equipment.