🔴 Xanadu Quantum Technologies is trading 10.25% down today as inflation worries weigh on U.S. stocks

Xanadu Quantum Technologies is trading at $4.03, down 10.25%, amid broad risk-off pressure; no new company-specific explanation for the October 8 decline was identified.

• Reuters reported oil above $104 and the 10-year Treasury yield at 5.29%, as inflation worries weighed on U.S. stocks.
• The GlobalFoundries manufacturing partnership was announced October 6, not a new October 8 catalyst; the decline follows a -11.26% close on October 7, according to the provided price context.