Infleqtion Soars 10%, Rigetti Jumps 9%, IonQ Climbs 7%: What's Driving Quantum Computing Stocks Now?
Pure-play quantum names rallied on expectations of up to $100 million in proposed federal funding, while the sector ETF barely moved.
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7 Articles
Infleqtion Soars 10%, Rigetti Jumps 9%, IonQ Climbs 7%: What's Driving Quantum Computing Stocks Now?
Five pure-play quantum stocks surged between 7% and 10% on Friday with zero company announcements to explain the move, while the sector's biggest ETF barely budged. That gap between the fund and the names it supposedly holds tells you everything about what is really driving this trade.
Quantum Computing Stocks (NASDAQ: RGTI, NYSE: IONQ, NYSE: QBTS, NASDAQ: QUBT) Sink In Broad Sector Selloff With No Company-Specific Catalyst
Rigetti Computing (NASDAQ: RGTI) shares fell 7% to $15.73 midday Thursday as quantum computing stocks were sold across the board without any company-specific news driving the declines. IonQ (NYSE: IONQ) slid 6% to $40.60, while D-Wave Quantum (NYSE: QBTS) dropped 4% to $18.60 and Quantum Computing Inc. (NASDAQ: QUBT) fell 4% to $8.09 in the same session. No earnings updates, guidance revisions, analyst actions, or contract announcements were beh…
IonQ's Rally Masks a Sector Hooked on Washington's Quantum Ambitions
There are days on Wall Street when a single headline rewrites the calculus for an entire industry. Friday was one of those days for quantum computing, and IonQ found itself swept along despite not being the intended beneficiary. Shares of the quantum pure-play jumped 8.3 percent to close at 38.49 euro, part of a sector-wide […] The post IonQ’s Rally Masks a Sector Hooked on Washington’s Quantum Ambitions appeared first on NewsCase.
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