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 with future cash flows, especially unprofitable quantum firms. Despite mixed year-to-date performances, these stocks moved down together, reflecting broader market sentiment rather than fundamentals. Investors should watch for upcoming events like IonQ's investor day on September 8 for potential shifts in sentiment and consider cautious, speculative positioning in this volatile sector.
IonQ's stock surged 18% after reporting a Q3 revenue of $173.8 million, beating expectations and raising its full-year 2026 revenue guidance to $505-$515 million. The growth was partly driven by its acquisition of SkyWater, contributing $83.5 million...
Rigetti Computing (RGTI) has been downgraded to Sell because its extremely high valuation multiples—217 times trailing sales and 141 times forward sales—pose significant risks that outweigh potential gains. Although the company benefits from federal ...
IonQ's stock dropped 32% in the past month amid a sector-wide decline in quantum computing shares, despite the company posting record revenue growth and securing major deals like a partnership with NVIDIA and a $1.8 billion acquisition of SkyWater Te...
Rigetti Computing's stock dropped about 75% over a year following a downgrade by B. Riley Securities, which cited risks from delayed U.S. government funding and an overvalued price after a 190% rally. Despite some revenue growth and a new government ...
