FTXL is trading 42.9% down following a sharp after-hours reversal triggered by AI bubble warnings from the BIS and a repricing of valuation risks.
- The drop comes despite an earlier rally in the information technology sector fueled by a reported U.S.–Iran ceasefire.
- Investors are rotating out of high-beta technology and semiconductor names amid concerns over aggressive AI infrastructure spending.
- The move reflects heightened sensitivity to sector-wide volatility and profit-taking after recent growth.