Velo3D is trading at $6.72, down 10.04%, as technology shares face broad selling pressure.
- Investors are concerned about AI-related debt, financing costs, and inflation; the Nasdaq Composite is down 2.20% and the S&P 500 is down 1.26% in the supplied market context.
- On October 15, Velo3D announced preliminary third-quarter revenue of $19.5 million to $20.5 million, up 43% to 51% year over year. Available reporting does not establish that the announcement caused the October 16 decline.