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Fabrinet, Dycom and Qualcomm: 3 AI Fallen Angels Wall Street Just Marked Down

Source: marketbeat.com

Market Technicals & FlowsArtificial IntelligenceCorporate EarningsInvestor Sentiment & Positioning
Fabrinet, Dycom and Qualcomm: 3 AI Fallen Angels Wall Street Just Marked Down

Two weeks into September, the S&P 500 has drifted lower toward its 21-day moving average as the AI trade lost momentum. Investor positioning appears more defensive: several companies reporting double-digit earnings beats were sold, indicating diminished tolerance for positive results and a weaker near-term risk backdrop.

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mildly negative

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