KULR Technology Group, Inc. (KULR) shares plummeted 7.75% in pre-market trading on Monday, underperforming the broader market.
The sell-off in KULR stock came as part of a broader decline in high-growth technology stocks, with companies like Tesla and Nvidia also seeing significant drops in early trading. Although KULR announced a collaboration with the U.S. Army to evaluate its VIBE system, this positive news appears to have been overshadowed by negative market sentiment.
While the exact reasons behind the market-wide sell-off are unclear, analysts speculate that concerns over economic growth and rising interest rates may be weighing on investor confidence in speculative tech stocks. KULR's pre-market plunge highlights the ongoing volatility in the market, especially for high-risk, high-reward investments.
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