Rubrik, Inc. is trading 4.2% down at $68.72 as investors continue to sell high-growth tech following a multi-day slide in the Nasdaq and broader risk assets.
- Technology shares are facing a sharp pullback as persistent higher-for-longer Fed rate concerns pressure valuations across the sector.
- The decline extends a downward trend that began after the company's June 7 report, despite Rubrik posting upbeat earnings and raising its fiscal 2027 outlook.