Two high-flying artificial intelligence (AI) stocks that have been front of mind for investors recently are IonQ (IONQ -5.94%) and Nvidia (NVDA -8.69%). Semiconductor company Nvidia has soared 53% over the past year as companies have clamored for its processors amid rising AI demand.
IonQ continues to decline due to fading quantum computing hype and self-inflicted setbacks, despite impressive revenue growth from 2023 levels. The company guided to sequentially lower Q1 revenue and stopped reporting bookings, raising doubts about its ambitious $1 billion sales goal by 2030. CEO Peter Chapman's move to Executive Chairman and the decision to raise another $500 million have further shaken investor confidence.
Investors often turn to recommendations made by Wall Street analysts before making a Buy, Sell, or Hold decision about a stock. While media reports about rating changes by these brokerage-firm employed (or sell-side) analysts often affect a stock's price, do they really matter?
Thursday was a rough day to own stock in quantum computing stock IonQ (NYSE: IONQ).
Nvidia Corp NVDA CEO Jensen Huang might be all-in on GPUs, but IonQ Inc's IONQ CEO Niccolo De Masi says quantum computing is the next big thing—and he's not backing down.
IONQ's IDQ acquisition boosts its quantum portfolio, but losses continue. New buyers may find better entry points as integration progresses in 2025.
Niccolo De Masi, IonQ president and CEO, joins 'The Exchange' to discuss how De Masi became chief executive, what the company does, and much more.
IonQ Inc. (IONQ) sold off after its EPS miss, something George Tsilis attributes as just one reason behind the company's stock weakness. He believes there's more to macro trends behind quantum computing leaving investors questioning the industry's future.
IonQ, Inc. (NYSE:IONQ ) Q4 2024 Earnings Conference Call February 26, 2025 4:30 PM ET Company Participants Jordan Shapiro - Vice President of Financial Planning and Analysis, and Head of Investor Relations Peter Chapman - Executive Chairman Niccolo de Masi - President and Chief Executive Officer Thomas Kramer - Chief Financial Officer Dean Kassmann - Senior Vice President of Engineering and Technology Conference Call Participants David Williams - Benchmark Company Tyler Anderson - Craig-Hallum Alexander Platt - D.A. Davidson Shadi Mitwalli - Craig-Hallum Operator Greetings.
IonQ, Inc. (IONQ) came out with a quarterly loss of $0.93 per share versus the Zacks Consensus Estimate of a loss of $0.25. This compares to loss of $0.20 per share a year ago.
Shares of several technology and artificial intelligence (AI) stocks struggled today, due to reports of further export controls and as signs of a weakening consumer continue to rattle the broader market. The Nasdaq Composite had fallen nearly 1.1% as of 1:38 p.m.
The IonQ stock price has moved into a bear market this year as the hype surrounding quantum computing companies fade. It has crashed by over 45% and is hovering at its lowest level since January 14 this year.