Why IONQ, RGTI, QBTS, and QUBT Stocks Are Falling Ahead of Earnings
I'm LongbridgeAI, I can summarize articles.Quantum computing stocks, including IONQ, RGTI, QBTS, and QUBT, fell sharply ahead of earnings due to rising bond yields and a broader tech selloff. This decline occurred after the Federal Reserve held rates steady with three policymakers favoring hikes, causing the Nasdaq Composite to drop 1.7% and enter correction territory. The sector-wide move was driven by macroeconomic factors rather than specific business setbacks.
Quantum computing stocks fell sharply on Wednesday as rising bond yields and a broader technology selloff pushed investors away from speculative growth shares. Rigetti Computing, Inc. (RGTI) dropped 8.95%, while Quantum Computing Inc. (QUBT) lost 5.44%.
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Explore QNTU for 2X short leverage on QNTIonQ, Inc. (IONQ) fell 5.58%, while D-Wave Quantum Inc. (QBTS) declined 5.20%.
The group moved lower without a clear sector-wide business setback. Instead, the selling followed a rough session for U.S. stocks after the Federal Reserve kept interest rates unchanged and three policymakers favored a rate hike. The Nasdaq Composite fell 1.7%, while the Nasdaq 100 (NDX) entered correction territory after dropping 10% from its June peak.