FGRD.L is trading at £4256.50, showing a -3.93% change as AI-spending doubts fuelled a broad technology selloff.

  • On October 22, risk-off sentiment followed doubts over returns from heavy AI infrastructure spending. Meta fell 7.0%, and Lam Research fell sharply after its outlook disappointed investors.
  • Reports of tanker damage in the Strait of Hormuz pushed Brent crude higher, adding geopolitical and inflation concerns for equities.