JEDI.L is trading down 5.2% as investors rotate out of richly valued tech and AI-related plays into more defensive and value sectors.
- The decline extends a multi-day slide from recent highs, reflecting a broader pullback in growth and technology stocks.
- Market sentiment is being pressured by concerns over stretched valuations and rising infrastructure costs across high-growth space and tech ecosystems.
- The ETF, which tracks the MarketVector Global Space Industry Screened Index, fell alongside a wider market shift away from high-growth tech names.