Avnet is trading 10.35% down at $76.81, amid a sharp semiconductor and technology selloff. - The downturn reflects investor concerns about tighter restrictions on AI data-center construction and weaker handset-chip demand, as markets broadly decline; no newly identified negative Avnet announcement emerged November 5. - Avnet’s November 4 results were record-setting, and its second-quarter outlook projected further growth. - Earnings coverage also cited concerns over working-capital needs, higher debt and margin pressure, which may have weighed on shares alongside sector weakness.