Why Fabrinet Shed Nearly A Quarter of Its Value This Week

Shares of chip and optical packaging giant Fabrinet (NYSE: FN) sank 23.4% this week, according to data from S&P Global Market Intelligence.Fabrinet released its fiscal fourth quarter earnings report on Monday. While the numbers handily beat Wall Street analyst estimates and management guided ahead of consensus, the results apparently weren't enough for investors looking for an even bigger beat. Like many AI-related stocks, Fabrinet has already posted strong gains over the past year and trades at an expensive-looking valuation. Furthermore, other macroeconomic factors appeared to weigh on AI-related semiconductor stocks this week.Continue readingWeiter zum vollständigen Artikel bei MotleyFool Weiter zum vollständigen Artikel bei MotleyFool