FTXL is trading 1.7% down today, extending a multi-day decline tied to persistent weakness in semiconductor and artificial intelligence stocks.
- Risk-off sentiment is being driven by concerns over stretched AI valuations and sharply higher capital expenditure plans from major chipmakers like TSMC.
- Hawkish Fed rhetoric continues to pressure growth sectors, while escalating U.S.-Iran tensions reinforce a broad market rotation out of richly valued technology shares.