Ouster is trading 9.01% down at $29.48 following a technology-sector selloff as investors questioned whether heavy AI infrastructure spending will generate adequate returns.
- Reuters reported Nasdaq futures slid more than 2% after Amazon’s spending plans and Intel’s cash-burn warning intensified those concerns.
- Technology (XLK) fell 5.63% during the regular session.
- Ouster is scheduled to report third-quarter results on November 3; the announcement is upcoming, not a reported catalyst for this move.