FIG is trading 5% down now at $36.91 as investors pull back from high-valuation AI and software names following sector-wide concerns about the heavy cost and uncertain returns of large-scale AI infrastructure investments.
- The decline is attributed to a broader risk-off shift, rather than any company-specific catalyst.
- The S&P 500 and Nasdaq are both down nearly 1% today, reflecting sector-wide pressure on technology stocks.