🔴 Planet Labs is trading at 4.7% down today as AI-spending concerns weigh on tech stocks

Planet Labs is trading 4.7% down at $13.06, with broad risk-off trading weighing on technology stocks.

• No company-specific announcement clearly explains the decline. The NASA task order reported October 21 evaluates Tanager data; it was not a reported contract win.
• Technology stocks weakened amid concerns about major companies’ AI spending, while geopolitical tensions and rising oil prices added pressure to markets.