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Arqit Quantum Inc. (NASDAQ:ARQQ) declined on Friday, October 16, 2026, closing at $14.02, down 11.82% on the day. The quantum-encryption company fell alongside other quantum and high-growth technology names in a session that was unfavorable to long-duration, speculative shares. The decline reflects that sector …
● Reports cited the broad chip selloff rather than any Broadcom-specific announcement.
● The company pairs Taser devices and body cameras with growing cloud software and AI tools.
Bandwidth Inc. (NASDAQ:BAND), the cloud-communications company whose platform sits in the communications-platform-as-a-service, or CPaaS, category of enterprise software, closed Friday, October 16, 2026, at $43.34, down 12.62% on the session. The decline came on a day defined by heavy selling across technology, and it …
Backblaze Inc. (NASDAQ:BLZE) shares fell sharply on Friday, October 16, 2026, closing at $8.60, a decline of 13.22% on the day. The cloud-storage small-cap was caught in a broad technology selloff that defined the session, and its decline is best understood through that sector …
Bending Spoons S.p.A. (NASDAQ:BSP) shares closed Friday, October 16, 2026, at $47.07, down 15.60% on the day, a decline that placed the recently public technology company among the session’s largest percentage losers. No company-specific catalyst was confirmed for Bending Spoons on October 16, so …
Nuburu, Inc. (NYSE American:BURU), the blue-laser technology company, was among the steep decliners of the October 16, 2026 session. The shares closed at $0.590, down 39.78% on the day, continuing a long and difficult stretch for a name that has become a case study …
Cango Inc. (NYSE:CANG) shares closed Friday, October 16, 2026, at $3.06, a decline of 19.69% that left the stock among the day’s steepest percentage losers. No company-specific news was confirmed for Cango during the session, so the move is best explained by the broad …
● Roughly $130 billion left a software basket as 41 of 45 stocks declined.
● Its Falcon platform is among the most widely used endpoint security products.
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