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Quantum computing stocks are cratering Monday morning with no company news to blame, and the real culprit stretches far beyond Silicon Valley to a chokepoint in the Middle East that is rattling the entire risk landscape.
IonQ (NYSE:IONQ) shares are down roughly 7%, D-Wave Quantum (NYSE:QBTS) stock is off 8%, and shares of Rigetti Computing (NASDAQ:RGTI) and Quantum Computing (NASDAQ:QUBT) are dropping 10%. No single company-specific catalyst is driving the move. All four names reported earnings over the past two weeks with strong revenue growth and bullish commentary, fueling a sector ... IonQ Falls 7%, D-Wave Dives 8%, Rigetti and Quantum Computing Inc. Plunge 9%: Quantum Stocks Crash on Profit-Taking
The quantum computing complex is taking a sharp hit Friday afternoon, with all four major U.S.-listed pure-play names selling off in unison. IonQ (NYSE:IONQ) is down 9% intraday to roughly $52.50, while Quantum Computing Inc. (NASDAQ:QUBT) is the worst performer of the group as it’s down 9% to $10.71. D-Wave Quantum (NYSE:QBTS) is off 7% ... Quantum Computing Stock Shock: IonQ, Rigetti, D-Wave, and Quantum Computing Inc. Fall 6% to 9%
D-Wave reported a smaller-than-expected Q1 loss while revenue missed views as investors focus on the commercial growth of quantum computing stocks.
The quantum computing company raises its full-year revenue guidance on the heels of its latest quarter.
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