IPG Photonics is trading at $99.00 (-4.22%) following a broad selloff in the semiconductor and technology sectors triggered by AI-spending concerns and TSMC capex fears.
- Nasdaq futures and chip stocks are under pressure as investors reassess growth expectations and capital expenditure outlooks for the tech sector.
- The company recently announced a binding offer to acquire Lumibird Medical for €300 million, though the deal is not seen as the primary driver of the current price action.