🔴 Forgent Power Solutions is trading 5% down in after-hours trading amid broader AI-linked stock weakness

Forgent Power Solutions is trading 5.12% down at $26.88 after-hours, amid pressure on AI-linked and technology stocks.

• Shares closed at $28.33 on October 29; no clear company-specific announcement explaining the decline was identified.
• Software shares also weakened after major technology-company results, amid investor concerns about AI spending and earnings.
• Forgent’s October 22 update said fiscal Q1 revenue and adjusted EBITDA would exceed the high end of guidance, but does not explain this move.