FTXL is trading at $220.00 (-6.28%) after Anthropic, OpenAI, and xAI leaders urged slowing advanced-AI development, pressuring AI-linked technology stocks and chip demand.
- Nasdaq futures fell about 1.7%, while NVIDIA dropped more than 2% premarket, amplifying sector weakness.
- Rising oil prices and looming rate hikes are worsening broader risk sentiment and weighing on growth-stock valuations.