Fintech, leveraged ETFs, and AI stocks plunge amid outlook cuts and sector sell-offs

Klarna shares dropped 22.81% after cutting its earnings outlook and announcing leadership changes, raising investor concerns. Fabrinet's stock fell 19.38% despite strong quarterly results due to a broader sell-off in AI infrastructure stocks. Leveraged ETFs like KORU and SKUU experienced amplified losses, reflecting their high volatility in volatile markets. These declines highlight how company-specific news, sector sentiment, and leveraged products impact market movements.