Shares of major quantum computing companies Rigetti, IonQ, D-Wave, and Quantum Computing Inc. fell significantly Tuesday, reversing gains from Monday's sharp rally. The decline, led by Rigetti's 7% drop, appears to be profit-taking rather than a response to any negative news or company-specific issues. These stocks are highly volatile and speculative, with valuations far exceeding current revenues, causing large price swings. Investors should watch if the group stabilizes soon or faces further declines, with upcoming catalysts including commercial orders and IonQ's pending acquisition of SkyWater Technology.
The US Commerce Department has allocated $2 billion from the CHIPS Act to support the quantum computing sector, highlighting the technology's growing importance as traditional silicon-based AI approaches physical limits. Quantum computing is seen as ...
Shares of quantum computing companies Quantum Computing Inc., D-Wave Quantum, Rigetti Computing, and IonQ rose between 6% and 12% in a broad market rally on Monday. The gains were driven by a positive risk-on sentiment following the U.S.-Iran peace a...
