ams OSRAM is trading 12.8% down at €21.80 as higher Treasury yields and broader risk-off sentiment pressured technology and growth stocks.

  • No new company-specific negative announcement was identified for September 25, 2026.
  • Recent AI-photonics news was positive, while continued earnings and cash-flow pressure remain background concerns.
  • The move appears primarily macro-driven, with limited company-specific evidence.