Soluna Holdings is trading 7.9% down now at $1.20 as technology and AI-related stocks retreat amid geopolitical tensions and sharply higher bond yields.
- The Nasdaq Composite is down 1.41%, while the technology sector is down 2.85%, providing the clearest explanation for the move.
- Bitcoin is up 0.67% since the previous close and Ethereum is up 0.27%, so crypto weakness is not driving the decline.
- Recent earnings showed 145% revenue growth but a wider net loss, leaving profitability concerns as additional background.