🔴 Palladyne AI is trading 5% down amid broader technology and software selloff

Palladyne AI is trading at $3.75, down 5.06%, amid a broader technology and software selloff; no confirmed company-specific catalyst was found.

• No new company-specific announcement was found for Palladyne AI on October 29; its investor-relations releases list earlier October news.
• Reuters linked Thursday’s weaker market open to Alphabet’s results, AI-spending concerns and inflation data.
• Disappointing ServiceNow and Fortinet results also pressured software peers; this is sector context, not a confirmed direct catalyst for Palladyne AI.