FTXL is trading at $233.00 (-3.28%) as tech futures weaken and investors rotate out of stretched AI and semiconductor valuations.
- Pre-market weakness tracks Nasdaq-100 futures down 0.62% and broader tech risk-off sentiment.
- Sector pressure intensified after Micron fell sharply, adding to broader semiconductor weakness.
- Investors are fading the post-CPI rally and rotating out of overextended AI and semiconductor valuations.