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.
At the turn of the century, it seemed unimaginable that the majority of citizens would one day be carrying around a miniature super computer in their pockets, using it to manage all aspects of their lives from making payments to messaging friends to Googling every question that popped into their heads.
IONQ's quantum computing progress impresses, but premium valuation and mounting losses warrant caution. Investors can hold IONQ or await better entry ahead of Q4 results.
IonQ Q4 Preview: Microsoft Quantum Game Changer
IonQ (IONQ -5.96%)is scheduled to report quarterly financial results late in February, which could have implications for stock market investors.
In today's video, I discuss IonQ (IONQ -6.56%), its business strategy, growth opportunities, potential risks, and why artificial intelligence stock investors should not ignore this semiconductor stock.
The latest trading day saw IonQ, Inc. (IONQ) settling at $33.75, representing a -1.14% change from its previous close.
In the latest trading session, IonQ, Inc. (IONQ) closed at $34.14, marking a +0.59% move from the previous day.