AU Stock Papertrading Season 2: Who's in the top 10 last week?

🎉Congratulations to the top 10 mooers on the leaderboard

Dro specializes in developing and selling hardware and software for drone detection. Their solutions cater to government and military entities, airports, commercial venues, prisons, and critical infrastructure. The company has secured numerous new orders in recent years, particularly in the United States and Australia.

The share price of DroneShield has recently soared to a record high of $2.54, even though no significant news has been released from the company in almost three weeks. ASX investors have been driving DroneShield shares higher amidst escalating global tensions. In the past year, drones have played an increasingly prominent role in conflicts, such as those in Ukraine and the Middle East, and have also posed growing threats to civilian infrastructure, prisons, and airports.

With the rapid advancement of AI technology, the threats posed by autonomous drones are expected to increase. Consequently, the demand for AI-enabled drone defense capabilities is likely to grow in tandem with these threats. Among the factors contributing to DroneShield's growth potential are the increasing threats posed by AI technology and the corresponding need for advanced defense solutions.

However, investors should be aware of the associated risks. Following such significant success, it is not surprising to see some minor shareholders taking profits.

This surge in CBA shares isn't the only noteworthy event; the S&P/ASX 200 Index (ASX: XJO) also reached a new all-time high of 8026.2 points on Monday. As the second-largest stock by market capitalization in the ASX 200, CBA's share price performance exerts a large influence on the broader index.

According to the Australian Financial Review, part of CBA's rally is attributed to signs of a stronger-than-expected economic performance following a series of interest rate hikes, with expectations of imminent rate cuts by central banks.

In summary, while CBA's share price performance has greatly contributed to the ASX 200 reaching new heights, it has also resulted in a reduced dividend yield, prompting a reevaluation among income investors.

Well, this week, the records have just kept on coming.

After opening at 7,959.3 points this morning, the ASX 200 climbed all the way up to 8,037.3 points – the ASX 200's new record high.

Will the market be able to build on surging this week? Here are the important things to watch from our moomoo official market strategist-Jessica Amir.

China's closely watched third plenum, held twice a decade to set structural reforms, takes place this week, Monday to Thursday, bringing commodities and chips into focus.

4. Watch oil as oil market volatility is at its lowest level since June 2015. Watch Warren Buffett's majority owned Occidental Petroleum.