🔴 Forgent Power Solutions is trading 4.56% down in pre-market as hotter CPI revived rate concerns

Forgent Power Solutions is trading at $31.21, down 4.56%, in pre-market on October 15 as broader risk-off sentiment followed September CPI exceeding forecasts and revived rate concerns.

• Nasdaq futures fell more than 1% as the AI-linked selloff deepened, weighing on growth and AI-infrastructure stocks.
• No new company-specific announcement was identified. JPMorgan’s target cut to $49 from $56 was reported, but does not clearly explain the pre-market move.