FTXL is trading at $269.16 (-1.52%) as technology shares continue to digest the recent selloff driven by concerns over AI valuations and hyperscaler spending returns.
- The sector remains under pressure following a sharp Nasdaq decline on June 23, with investors questioning if AI-related gains have become overextended.
- Market caution is also building ahead of Micron’s earnings, which investors are treating as a key read on semiconductor demand and the broader AI trade.