On July 29, TTM Technologies Inc fell 5.18% in regular trading, trading at $103.19/share, with turnover of $146 million. The stock extended its multi-day decline amid a broad-based selloff in the AI hardware sector.

On the news front, the AI hardware sector has been experiencing sustained selling pressure, with peers including Flex Ltd down 6.16%, Celestica down 4.79%, and Jabil Circuit down 3.77%. Investment bank Stifel previously noted in a report that the recent AI hardware selloff should be viewed as a rational valuation correction rather than a signal of weakening demand, and identified TTM Technologies Inc as a representative name whose valuation has already compressed significantly.

TTM Technologies Inc is scheduled to report earnings on August 5 after market close. Consensus estimates call for revenue of $962 million, representing 43.91% year-over-year growth, and adjusted EPS of $0.90, up 71.25% year-over-year. Despite strong fundamental expectations, the stock has declined from $124.34 on July 27 to current levels as sector-wide de-rating continues.

(The above content is based on publicly available market information, generated by a program or algorithm, and is intended solely as a stock movement alert. It does not constitute investment advice or a basis for trading decisions.)