FTXL is trading 2.25% down today as investors sell semiconductor and data-storage shares despite strong forecasts, questioning whether elevated AI infrastructure spending can justify stretched valuations.
- Western Digital and SanDisk fell sharply premarket, weighing on technology sentiment; Micron, AMD, Intel, and Marvell also declined.
- The Nasdaq is weaker, while the Dow and S&P 500 are comparatively resilient, indicating rotation from high-beta technology rather than a broad market selloff.