Trio-Tech International is trading at $9.75 (down 6.7%) as the stock extends a sharp pullback following a rapid AI-driven rally and news of a recent capital raise.
- The decline follows a $10 million registered direct offering and continued profit-taking by traders after significant gains tied to new AI chip orders.
- Sentiment is further pressured by a broader selloff in the semiconductor sector and U.S. equity futures amid growing concerns over AI-related valuations and spending.