Nuburu is trading 11.43% down at $0.89, amid technology-stock weakness as hotter-than-expected U.S. inflation renewed interest-rate concerns.
- Reuters reported broad technology selling tied to inflation and higher-rate fears; no clear company-specific explanation for Nuburu’s decline has been established.
- On October 15, Nuburu announced it completed its acquisition of a 70% controlling interest in Tekne, adding a reported $93.1 million in remaining program value. Available reporting does not link the deal to the drop.