Datavault AI Faces Securities Class Action and Weak Earnings Outlook

Datavault AI Inc., a NASDAQ‑listed artificial‑intelligence firm, has been hit with a new securities class‑action lawsuit filed by DJS Law Group. The complaint alleges the company made false or misleading statements about the value of its strategic partnerships, the commercial potential of its AI, blockchain and tokenisation businesses, and the activity on its blockchain marketplace. The lawsuit traces its origins to a short‑selling report by Wolfpack Research that described Datavault AI as a promotional company built on exaggerated claims, after which the stock fell about 19% in a single session. The court‑approved lead‑plaintiff deadline is set for 5 October 2026.

Separately, research analysts have issued earnings forecasts for Datavault AI’s second quarter of 2026, projecting a loss of $0.03 per share. Litchfield Hills Research maintains a "Strong‑Buy" rating, while other firms have issued mixed recommendations ranging from buy to sell. The company’s shares opened at $0.32, with a market cap of roughly $270 million. Insider Stanley Mbugua sold 62,982 shares at an average price of $0.41, reducing his holding by nearly 3%.