SEALSQ Corp (LAES) is experiencing a significant decline in its stock price today, driven by a broader selloff in speculative and heavily-shorted stocks. This downturn follows comments from Nvidia's CEO at a tech conference, which triggered a selloff in quantum-computing stocks and spread to other speculative names popular with retail investors. The market's reaction has been exacerbated by the rampant use of leverage by traders, leading to margin calls and further selling pressure. SEALSQ Corp, being one of the heavily-shorted stocks, has been caught in this wave of selling, contributing to its sharp decline.
The current price of SEALSQ Corp (LAES) is $6.06, reflecting a 15.24% decrease from its previous close of $7.15.