FTXL is trading 1.6% down as a multi-day selloff in semiconductors and information technology intensifies, driven by AI valuation concerns and rising geopolitical risks.
- Sector pressure follows Taiwan Semiconductor’s record results, which were overshadowed by sharply higher capex and tightening chip export controls.
- Hawkish Federal Reserve signals regarding inflation tied to AI data center expansion and escalating U.S.–Iran tensions are further weighing on high-beta tech assets.