FormFactor is trading 7.2% down at $98.49 today as semiconductor stocks sell off broadly following TSMC's spending forecast and AI valuation concerns.
- The iShares Semiconductor ETF (SOXX) fell 3.80% as investors reacted to increased capital expenditure outlooks and sector-wide profit-taking.
- There are no company-specific catalysts for the move, indicating the decline is driven by a general pullback in chip-related equities.
- The sharp drop reflects broader market caution regarding current valuations within the AI-driven semiconductor space.