🔴 Ciena is trading 5.6% down in pre-market as AI-return concerns weigh on tech stocks

Ciena is trading 5.57% down at $330.00 now, amid a broader technology selloff as investors reassess whether heavy AI infrastructure spending will generate adequate returns.

• Reuters reported Alphabet’s post-results plunge, alongside steep after-hours drops in Amazon and Intel, drove technology shares and Nasdaq futures lower.
• Available reports identified no company-specific Ciena announcement or earnings catalyst; the move appears tied to sector-wide weakness and negative sentiment around AI spending.