Arqit Quantum is trading 5.8% down at $17.13 as technology shares slump and investors rotate away from high-beta growth names.
- The pullback follows a sharp rebound in the previous session that was driven by a broader software and tech rally rather than company-specific catalysts.
- Sentiment is being pressured by concerns over AI spending and a cautious tone ahead of the Federal Reserve meeting.
- Broader macroeconomic volatility, including fluctuations in oil and tariff discussions, is weighing on growth-oriented technology stocks.