🔴 Futu Holdings is trading 8% down today amid pressure on chip and data-center shares

Futu Holdings is trading at $90.09, down 7.96%, amid a broad market selloff pressuring technology and semiconductor shares.

• Reuters reported Nasdaq weakness tied to chip and data-center stocks, including losses after Qualcomm’s weak smartphone-chip sales outlook.
• Investors are reassessing AI regulation and data-center expansion risks; no clear company-specific catalyst was found.
• Futu announced its third-quarter results date for November 19, which does not explain the decline.