The Appen Ltd (ASX: APX) share price is plunging amid a broader sell-off in the company's sector.
At the time of writing, the Appen share price is $6.43, 4.46% lower than its previous close.
For context, the All Ordinaries Index (ASX: XAO) and S&P/ASX 200 Index (ASX: XJO) are 0.85% and 0.89% lower respectively right now.
Meanwhile, the tech sector is struggling. Let's take a closer look at how the provider of artificial intelligence data and its peers are performing on Wednesday.
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What's going on with the Appen share price?
The Appen share price is suffering on Wednesday, alongside its peers on the ASX 200.
Right now, the S&P/ASX 200 Information Technology Index (ASX: XIJ) is falling 2.47%, making it the market's worst performing sector.
The drop is being led by the Life360 Inc (ASX: 360) share price. It's dumping 25.66% on the back of its quarterly results.
The share price of Block Inc (ASX: SQ2) is also suffering today, slipping 6% at the time of writing.
In fact, the Computershare Limited (ASX: CPU) share price is the only ASX 200 tech stock trading in the green. It's up 0.08% right now.
It's not such a blood bath on the S&P/ASX All Technology Index (ASX: XTX). Though, the index has slipped 1.75%.
The sector's struggles follow a devastating session on the tech heavy Nasdaq Index overnight (Australia time). The Nasdaq-100 plunged 3.87% in Tuesday's session overseas.
The Appen share price is currently 42% lower than it was at the start of 2022. It has also dropped 57% since this time last year.
