KULR Technology Group, Inc. (KULR) stock plummeted 10.19% in pre-market trading on Monday, December 30th. The sharp decline came as part of a broader selloff in high-growth technology stocks, with investor concerns over economic growth and rising interest rates weighing heavily on speculative tech companies.
According to social media buzz, other popular tech stocks like Tesla, Nvidia, and Boeing were also down significantly in pre-market trading on Monday. While KULR had announced a positive collaboration with the U.S. Army to evaluate its VIBE system, this news appears to have been overshadowed by the negative market sentiment towards riskier tech investments.
The pre-market plunge in KULR shares highlights the ongoing volatility in the market, especially for high-risk, high-reward technology stocks that are sensitive to changes in economic conditions and interest rates. Investors appear to be exercising caution towards these speculative investments amid concerns over the broader economic outlook.
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