Rubrik is trading at $109.00, down 4.30%, in pre-market after hotter-than-expected September CPI renewed concerns about higher-for-longer interest rates and pressured growth and technology stocks.
- Reuters reported sharp losses across Asian markets on October 15 as the technology sell-off continued, linking weakness to inflation-driven rate expectations.
- Rubrik’s Project Hourglass partner expansion was announced October 9, not a new October 15 catalyst.