During the overnight session on Tuesday (July 28), the quantum computing sector faced broad selling pressure, with major stocks closing lower. As of the overnight trading session in Eastern Time, stocks in the sector showed a widespread decline, led by IONQ and QBTS, which fell nearly 6% and nearly 10% respectively.

Specifically, IONQ was last traded at $33.90 in the overnight session, slightly above its previous close of $33.88. However, looking at its regular market performance, the stock showed weakness throughout the day, closing at $33.88, down 5.68% from the previous close of $35.92. It dipped to a low of $32.12 during the session, indicating significant selling pressure. QBTS performed even weaker, trading at $17.54 in the overnight session. It closed the regular market at $17.64, a sharp 9.58% decline from the previous close of $19.51, hitting a low of $17.26 with significantly increased volume, signaling notable capital outflow.

Other stocks in the sector also struggled to escape the downturn. RGTI was last traded at $14.45 in the overnight session, having closed down 7.16% at $14.52 in the regular market. QUBT was last traded at $7.70, having closed down 3.02% at $7.72 in the regular market. Overall, the quantum computing sector continued its intraday adjustment trend during the overnight session, with investor sentiment turning cautious. The market will likely watch for signs of stabilization at key support levels in the near term.