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AI sector faces sharp selloff amid political turmoil and market uncertainty

Market News
10 Nov 2026, 15:22 WIB
Seeking Alpha
View Source
Bearish
AI sector faces sharp selloff amid political turmoil and market uncertainty

The AI sector experienced a broad selloff this week, affecting chip makers, photonics firms, and companies like Celestica Inc. This downturn was intensified by a "blue wave" political event, which increased market volatility and led investors to reassess the valuation and growth prospects of AI-related stocks. The options market for Celestica reflects heightened uncertainty and risk, signaling a shift in investor sentiment across the AI industry. This correction highlights growing caution as the market evaluates the future potential of AI investments.

Celestica Inc (CLS) trades at USD 217.60 on Pluang as of Nov 10, 2026 20:32 WIB, down 2.39% in one day. This price is near its 52-week low of USD 205.64 and significantly below its 52-week high of USD 472.40, showing a wide range of volatility. Despite the recent selloff, Pluang order activity remains fully on the buy side, reflecting ongoing investor interest in the stock.

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