SES AI is trading 6.08% down at $0.53 after extending its August 17 decline following its announced pivot toward drone-focused lithium-metal batteries.
- Rising Treasury yields and geopolitical tensions are pressuring broader technology stocks and reducing risk appetite.
- The Nasdaq is down 1.40%, while the technology sector is down 2.85%, intensifying pressure on AI-related shares.
- Investors are reassessing SES AI’s shift toward drone-battery production and its execution risks.