IonQ (IONQ -38.33%) stock is getting crushed in Wednesday's trading. The quantum-computing specialist's share price was down by 38.3% as of 2:38 p.m.
IonQ shows promise in quantum tech, but high valuation and competition warrant patience. Consider holding or awaiting better entry points in 2025.
During the early premarket trading on Wednesday, it looks like comments from the Nvidia CEO during the previous session are weighing on quantum computing companies. Also, it is worth noting that yields in the US continue to rise, making this a difficult short-term environment for these stocks.
Quantum computing companies have surged recently but Nvidia CEO Jensen Huang had a disappointing message for the sector.
IonQ Inc IONQ continues to electrify the markets, with its stock soaring 290% over the past year and 30% in just the last month.
Quantum computing is going through something analogous to the 1970-80s video cassette format wars, a battle in which adult entertainment helped crown VHS as the winner.
When investors discuss the artificial intelligence (AI) market, they often focus on GPU makers like Nvidia, generative AI software developers like OpenAI, AI-driven cloud giants like Microsoft, and data center and networking chipmakers like Broadcom. Yet those investors will often overlook the potential AI tailwinds for the budding quantum computing market.
Artificial intelligence (AI) has gotten most of the stock market hype over the past year, but quantum computing burst onto the scene in a big way in 2024. IonQ (IONQ 10.84%) is one of the companies developing quantum computing for commercial applications, which could unlock new levels of innovation in ways that are difficult to comprehend.
Sweetgreen (SG 3.27%) is a salad restaurant chain that went public in 2021. At the start of 2024, it was down nearly 80% from its price when it went public.
Thanks to its soaring stock last year, quantum computing specialist IonQ (IONQ 10.84%) is a company that has people talking. Up more than 225% in 2024, the shares have clearly attracted a ton of interest from investors.
Quantum computing has received some recent investing interest over the past month thanks to Google's breakthrough in its Willow quantum computing chip. This chip beat a benchmark test that would have taken the fastest supercomputer 10 septillion years (26 trailing zeros!
IonQ (IONQ 10.84%) stock posted big gains in Friday's trading. The quantum-computing company's share price closed out the daily session up 10.8% amid a bullish backdrop for the broader market.