🔴 Fabrinet is trading 4.06% down in pre-market as AI-related selloff deepens

Fabrinet is trading 4.06% down at $377.00 in pre-market on October 15, amid wider technology weakness and an AI-related selloff.

• The decline extended a sharp drop from the previous close of $392.95; no new company-specific announcement was identified in available coverage.
• Hotter-than-expected U.S. inflation revived rate concerns, while AI infrastructure costs and a global chip-stock selloff weighed on technology shares.
• Reuters reported Nasdaq futures fell more than 1% as the AI-related selloff deepened.