Fabrinet is trading 5% down at $454.53 in pre-market as the stock faces profit-taking and valuation compression following a sharp run-up tied to strong AI infrastructure and optical demand.
- Despite reporting record results and a bullish outlook for high-performance computing and data centers, the stock is experiencing a sell-the-news reaction.
- Market analysts note a broader rotation within the semiconductor and technology sectors after an extended period of AI-driven momentum.