FormFactor is trading 6.2% down at $100.49, extending a sharp pullback following a strong AI-driven rally and mounting overvaluation concerns.
- The decline follows sector-wide profit-taking across semiconductor and AI infrastructure stocks, with the broader chip sector under pressure despite strong results from TSMC.
- The move appears primarily driven by broader market sentiment and tech weakness, as no fresh company-specific news has been released since reports of insider selling by the CEO on July 15.