FTEC is trading at $268.00 (-1.76%) as pre-market weakness is driven by a broader selloff in semiconductors and AI-linked technology.
- Nasdaq futures are lower as geopolitical tensions and higher oil prices weigh on risk sentiment, while recent hawkish Fed commentary continues to pressure growth valuations.
- The decline follows sector-wide volatility tied to TSMC capex concerns and reports of tighter export-control enforcement, which have pressured chip stocks since mid-July.