Ouster is trading 12.85% down at $29.57, amid a broader technology and semiconductor selloff.
- Investors are weighing potential tighter AI and data-center regulation after the midterm results; Qualcomm’s weaker smartphone-chip outlook also pressured tech stocks.
- Recent earnings showed record revenue and shipments but sequentially lower gross margins; sources identify no new Ouster-specific announcement behind the November 5 decline.
- The stock had risen 15.73% on November 4 before this drop.