Quantum computing pure-play stocks including Infleqtion, Rigetti Computing, IonQ, D-Wave Quantum, and Quantum Computing Inc. surged between 7% and 10% on Friday, driven by investor optimism about upcoming U.S. government contracts and federal support for quantum technology. Despite this strong group performance, the Defiance Quantum ETF, which holds these stocks among others, rose only 0.5%, indicating its heavier weighting in diversified tech companies rather than pure quantum plays. The rally reflects a bounce off a challenging year for these stocks rather than a breakout, with investors now watching for confirmation that government letters of intent convert into formal agreements to sustain momentum.
Quantum computing stocks including Rigetti, IonQ, D-Wave, and Quantum Computing Inc. fell between 4% and 7% without any company-specific news. The decline is linked to rising long-term Treasury yields, which negatively impact valuations of companies ...
Quantum computing stocks like IonQ, D-Wave, and Rigetti dropped 5-6% due to a spike in long-term Treasury yields hitting 19-year highs. These companies, valued on future cash flows, are sensitive to rising rates which reduce the present value of thei...
