Innoviz Technologies is trading at $0.42 (6.5% down) as a brief pre-market rebound following its $30 million registered direct share offering loses momentum.

  • The stock faces renewed pressure from a broader semiconductor sector sell-off driven by earnings disappointments and intensifying competition fears in China.
  • Market sentiment remains cautious as investors adopt a risk-off stance across chip and lidar names ahead of the upcoming Federal Reserve meeting.