RGTI, QBTS, IONQ Drop as Quantum Stocks Rally Run Into Fresh Skepticism
I'm LongbridgeAI, I can summarize articles.Quantum computing stocks faced renewed pressure as investors took profits amid growing skepticism. Major names including Rigetti (RGTI), D-Wave (QBTS), IonQ, and others saw significant declines, with Horizon Quantum dropping nearly 15% and Infleqtion falling about 12%. Despite the pullback, some stocks like HQ remain up significantly year-to-date.
Quantum computing stocks came under pressure again on Wednesday, as investors continued to take profits from one of the market's most speculative tech trades. The pullback hit several of the sector's best-known names, including Rigetti Computing Inc. (RGTI), D-Wave Quantum Inc. (QBTS), IonQ Inc. (IONQ), Quantum Computing Inc. (QUBT), Horizon Quantum Holdings Ltd. (HQ), Xanadu Quantum Technologies Limited (XNDU), and Infleqtion Inc. (INFQ).
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QBTX: an alternative to margin or options on QBTSThe selloff was broad. Horizon Quantum dropped nearly 15%, Infleqtion fell about 12%, D-Wave lost more than 8%, Rigetti slid more than 8%, Quantum Computing Inc. declined more than 7%, and IonQ was down more than 7%. Xanadu also finished lower, though its loss was smaller than the group's.
Despite Wednesday's drop, HQ shares are still up nearly 120% year-to-date.