Fabrinet is trading 6.2% lower at $320.46, with pressure consistent with a broader retreat in AI- and data-center-linked stocks as investors worry post-election scrutiny and potential hurdles could slow data-center expansion. - Reuters reports Qualcomm’s weak smartphone-chip sales also added to technology-market pressure. - Fabrinet’s recent earnings were strong and included raised second-quarter guidance, leaving no clear negative company-specific catalyst for the decline.