IONQ IncRisk-off selling triggered by Strait of Hormuz tensions and oil spike, no company-specific news.
IonQ stock tumbled 8% while D-Wave, Rigetti, and Quantum Computing each declined 6% as Strait of Hormuz tensions and an oil spike triggered broad risk-off selling across quantum stocks. IonQ shares fell to $39.52, D-Wave to $18.85, Rigetti to $15.60, and Quantum Computing to $8.18, with no company-specific news driving the moves. The NASDAQ 100 tracking QQQ ETF was down 1.48%, and the Defiance Quantum ETF limited its drop to 2.42%, far less than the 6% to 8% losses in pure-play names. IonQ carries a beta of 3.23 and a trailing P/E ratio of 103x, amplifying losses despite a 755% year-over-year revenue surge in Q1.
IONQ IncRisk-off selling triggered by Strait of Hormuz tensions and oil spike, no company-specific news.
D-Wave Quantum Inc. Common StockRisk-off selling across quantum stocks, no company-specific news.
Quantum Computing IncRisk-off selling across quantum stocks, no company-specific news.
Rigetti Computing IncRisk-off selling across quantum stocks, no company-specific news.
NVIDIA Corporation