FTXL is trading 4.8% down today as aggressive AI-related capital spending and recent tariff shocks weigh heavily on the information technology sector.
- Alphabet’s heavy capex plans and negative free cash flow have shaken investor confidence regarding the timing of returns on AI infrastructure investments.
- Semiconductor valuations are facing additional headwinds from elevated rate-hike odds and trade tensions, which have largely overshadowed the minor relief provided by falling oil prices.