FTEC is trading at $268.71 (-2.55%) as investors weigh whether a Democratic sweep of Congress could bring tougher AI oversight and slow data-center construction.
- Semiconductor weakness added to the sector decline, with chip stocks extending losses.
- Qualcomm’s weaker smartphone-chip sales outlook added company-specific pressure.
- Broader-market weakness was uneven, making AI infrastructure and chip concerns the clearer explanation for FTEC’s decline.