ADI is trading at $431.04 (3.2% down) as tech and semiconductor stocks face pressure following the company's recent rally driven by AI optimism and a strong earnings beat.
- Equity futures indicate a broader risk-off tone across the tech sector after a period of significant gains for chip stocks.
- There are no fresh company-specific headlines for ADI overnight, suggesting the move is tied to macro sentiment and profit-taking after its recent strength.