🔴 Fabrinet is trading 8.3% down today on post-earnings profit-taking and broader tech sector weakness

Fabrinet is trading 8.3% down at $411.25 following a sharp pullback from its recent rally as investors lock in gains after its earnings report.

• The move is exacerbated by broader selling in technology and semiconductor stocks as investors reassess AI-driven valuations.
• Risk sentiment is under pressure across the wider market ahead of the upcoming Federal Reserve interest rate decision.