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Home/News Feed/Quantum computing stocks drop sharply as Fed rate hike odds rise, led by IonQ's 4% fall.
IONQ
$28.88
-$1.98 -6.42%

Quantum computing stocks drop sharply as Fed rate hike odds rise, led by IonQ's 4% fall.

Market News
09 Sep 2026, 19:58 WIB
24/7 Wall Street
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Bearish
Quantum computing stocks drop sharply as Fed rate hike odds rise, led by IonQ's 4% fall.

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.

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D-Wave Quantum shares drop 7% despite beating revenue estimates due to wider losses and rising costs.

D-Wave Quantum shares drop 7% despite beating revenue estimates due to wider losses and rising costs.

D-Wave Quantum's stock fell 7% after its Q3 2026 report showed revenue growth of 20.7% to $4.51 million, beating estimates, but a wider GAAP loss of $0.13 per share due to rising operating expenses. The company’s costs surged 84% year over year, driv...

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