IONQ tumbled 8% while QBTS, RGTI, and QUBT declined 6% as Strait of Hormuz tensions and an oil spike triggered broad risk-off selling across quantum stocks.
With the NASDAQ 100 tracking QQQ ETF down 1.48%, the QTUM ETF's diversified model limited its drop to just 2.42%, which is far less than the 6% to 8% losses seen in some pure-play quantum names.
IonQ's 103x P/E ratio and beta of 3.23 amplify its losses on macro sell-off days, despite a 755% year-over-year revenue surge in Q1.
Act now: the ******* yst who called NVIDIA in 2010 just named his top 10 AI stocks — and IonQ didn't make the cut. Grab the names FREE today.
Quantum computing stocks are the sharpest casualties in Monday morning trading, with the group selling off in unison even though there is no company-specific news driving the move. IonQ (NYSE:IONQ) stock is leading the decline, down 8% to $39.52 and extending a rough stretch that has already carried the shares 31% lower over the past month.
With the NASDAQ 100 tracking QQQ ETF down 1.48%, the QTUM ETF's diversified model limited its drop to just 2.42%, which is far less than the 6% to 8% losses seen in some pure-play quantum names.
IonQ's 103x P/E ratio and beta of 3.23 amplify its losses on macro sell-off days, despite a 755% year-over-year revenue surge in Q1.
Act now: the ******* yst who called NVIDIA in 2010 just named his top 10 AI stocks — and IonQ didn't make the cut. Grab the names FREE today.
Quantum computing stocks are the sharpest casualties in Monday morning trading, with the group selling off in unison even though there is no company-specific news driving the move. IonQ (NYSE:IONQ) stock is leading the decline, down 8% to $39.52 and extending a rough stretch that has already carried the shares 31% lower over the past month.
3 months ago
