Arqit Quantum Inc. is trading 5.9% up at $12.85 in pre-market action as high-growth tech names recover from last week’s sharp pullback.
- The rebound is largely attributed to a broader risk-on tone in equities, specifically the Nasdaq, following a selloff triggered by a stronger-than-expected U.S. jobs report.
- There are no new company-specific headlines or filings for the company as of June 8, indicating the move is driven by market sentiment.
- Investors appear to be selectively buying back beaten-down growth stocks after heavy selling pressure dominated the previous week.