FTXL is trading 1.7% down in the pre-market following a sharp semiconductor-led rally as investors reassess AI valuations and react to escalating geopolitical risks.
- Nasdaq-100 futures are under pressure, prompting profit-taking in high-beta information technology and semiconductor names after the previous session's strong gains driven by AI optimism.
- Market sentiment is being weighed down by rising Middle East tensions, leading to a broader retreat from risk-heavy tech assets.
- The pullback follows a period of significant growth fueled by U.S. manufacturing investment optimism and high demand for AI-related hardware.