Ubiquiti (NYSE:UI) Drops 12% Over The Week As Tech Sector Faces Sell-Off

Ubiquiti (NYSE:UI) experienced an 11.9% price decline over the past week, during which significant market pressures were at play. The broader market faced a tumultuous week as U.S. stock indexes plunged, fueled by global trade tensions and the imposition of reciprocal tariffs by the U.S. and China. The S&P 500 and Nasdaq faced substantial losses, with a 9.1% and 10% drop, respectively, dragging down tech stocks, including Ubiquiti, which operates in the technology sector. This sector’s…Read More