Ouster is trading 6.4% down at $40.01 as technology and AI-related stocks remain under pressure following the August 18 selloff.
- Rising Treasury yields, oil prices and Middle East tensions have reduced appetite for growth-oriented assets as investors await Federal Reserve minutes.
- Reuters reported the 30-year Treasury yield near its highest level since 2007.
- The August 18 Stereolabs collaboration with Trossen Robotics was positive news; sector-wide pressure, not a new company-specific negative catalyst, best explains the decline.