FTXL is trading 2.4% lower in pre-market as information technology shares extend a multi-day pullback tied to semiconductor weakness and fading enthusiasm around the AI rally.
- Global chip stocks are under pressure following disappointing Samsung earnings and recent sharp declines in major names like Intel and Nvidia.
- The broader selloff is weighing on growth-oriented tech ETFs as futures for the Nasdaq-100 and S&P 500 move lower.