ROBO is trading 4.2% lower in pre-market alongside a broader risk-off move in growth stocks and tech-heavy indexes.
- Nasdaq-100 futures are down 1.22%, pressuring high-beta robotics and automation names that are highly sensitive to shifts in tech sentiment.
- The move appears to be an extension of yesterday’s selloff, driven by profit-taking rather than any fund-specific news or headlines.
- Investors are maintaining a cautious stance ahead of the release of the FOMC minutes later today, which is weighing on broader market futures.