🔴 Ericsson is trading 10.6% down today on weak North American sales and rising AI-related costs

Ericsson is trading 10.6% down at $10.45 after reporting falling North American sales and rising AI-related component costs in its Q2 update.

• Management highlighted weaker trends in its core mobile networks business and ongoing cost headwinds, which overshadowed a beat in core profit.
• The sharp sell-off is being exacerbated by broader sector-wide pressure on technology and AI-exposed stocks.