Jabil Circuit Inc is trading 5.3% down today at $354.14, moving in tandem with a sharp selloff in technology and semiconductor names after Broadcom’s AI outlook disappointed investors.
- The drop reflects a broad risk-off tone across the Nasdaq and S&P 500, as growth and AI-related stocks face increased selling pressure.
- Stronger-than-expected U.S. jobs data has fueled expectations that interest rates will stay higher for longer, further weighing on the tech sector.