🔴 Fabrinet is trading at 4.4% down in after-hours trading as tech sentiment weakens over AI spending returns

Fabrinet is trading 4.4% lower at $332.98 in after-hours trading, with pressure likely reflecting weak technology sentiment after Alphabet’s results heightened concerns about returns on AI spending, alongside a broader market decline.

• No new company-specific announcement explaining the move surfaced.
• Fabrinet closed at $348.68 on October 29.
• The company’s next quarterly results are scheduled for November 2.