Enovix is trading 5.15% down at $3.23 amid broader technology-sector weakness.
- XLK is down 1.66% during the regular session.
- Rising Treasury yields, higher oil prices, Middle East tensions, and caution ahead of Federal Reserve minutes are pressuring growth-oriented technology stocks.
- Enovix announced plans to double Korea drone-battery capacity on August 20, but available coverage does not link that update to today’s decline.