Infineon Technologies is trading 6.2% down at €65.49 as investors rotate out of expensive AI chip names and reassess valuations following a sharp year-to-date rally.
- The pullback follows significant recent strength driven by demand for AI and power semiconductors, with the stock up approximately 75% year-to-date.
- Sentiment has been further pressured by a broader tech sector selloff and valuation concerns triggered by recent earnings reports from major tech players like Alphabet.