Quantum computing stocks, including IonQ, Rigetti, and D-Wave, fell sharply due to rising odds of a Federal Reserve rate hike next week. IonQ led the decline with a 4% drop, followed by smaller declines in Rigetti and D-Wave. The sell-off is driven by higher interest rate expectations, which increase discount rates on long-term valuations, particularly hurting pre-revenue growth companies like these. Investors will watch the Fed meeting closely, as further rate increases could keep pressure on these high-beta, speculative stocks despite company progress.
Quantum computing stocks IonQ, Rigetti, and D-Wave are recovering after a dilution scare caused by IonQ's $2 billion equity offering priced below market value. IonQ leads the rebound with a 3% gain despite a 28% year-to-date decline, supported by str...
Morgan Stanley analyst Joseph Moore lowered IonQ's price target from $49 to $43 following the company's announcement of a $2 billion financing deal with Heights Capital Management. The deal involves issuing 20.5 million new shares and 29.5 million pr...
IonQ's stock has dropped 32%, improving its risk/reward profile, but its high forward valuation requires exceptional execution. The company projects 2026 revenue of $450–460 million, largely driven by its acquisition of SkyWater, which diversifies Io...
IonQ reported a record $80 million in Q2 revenue, up nearly 287% year-over-year, and raised its full-year revenue guidance to $280-$290 million, excluding its recent SkyWater acquisition. Despite strong growth and technical milestones like break-even...
IonQ's stock fell 6% after announcing a $2 billion equity offering shortly after its $1.3 billion all-stock acquisition of Elisity, causing investor dilution concerns. The quantum computing sector also saw declines, with D-Wave and Rigetti shares dow...
