IPG Photonics is trading at $70.97, down 4.00%, as hotter-than-expected September inflation renewed interest-rate concerns and weighed on technology shares.

  • A global chip sell-off and doubts about AI infrastructure spending added sector pressure.
  • SOXX fell 3.68% during the regular session; the Nasdaq Composite fell 1.07%.
  • No clear company-specific announcement explaining the decline surfaced in the searched news.