Viavi Solutions is trading at $31.11, down 11.67%, as technology shares weaken amid concerns about AI investment costs and rising oil prices.
- Reuters reported renewed doubts about the AI outlook and higher oil adding to market jitters; Schwab cited heavy AI spending concerns and crude as pressures on stocks.
- The Nasdaq was down 1.93% and the S&P 500 down 1.14%. No clear company-specific negative announcement for October 22 was identified, so the decline appears aligned with broader market sentiment.