FormFactor is trading at $109.54, down 5.4%, as part of a broader pullback in richly valued AI-exposed semiconductor names.
- The move follows a sharp recent rally and comes amid a sector-wide selloff driven by valuation concerns and profit-taking after strong gains.
- Investors are showing growing caution regarding the durability of AI infrastructure spending, rather than any new company-specific setbacks.
- The decline reflects a general reassessment of high-growth chip stocks as the market weighs current valuations against future demand.