Fabrinet is trading 10.6% lower at $318.24, in line with a broader technology selloff as investors reassess AI spending. - No company-specific announcement has been identified as the trigger. - Investors are reassessing AI spending after Tesla and Meta results, while higher oil prices add to market unease. - Reuters reported that the Nasdaq slid more than 1% on October 22, 2026, with technology shares leading sector losses.