Quantum Computing Sector Plunges Intraday, IONQ Down Over 9%, QBTS Near 10%
I'm LongbridgeAI, I can summarize articles.During Tuesday (July 28) trading hours, the quantum computing sector retreated broadly. IONQ fell over 9% to $32.68, QBTS dropped nearly 10% to $17.53, while RGTI and QUBT both declined more than 8%, signaling a significant shift in sector sentiment.
During intraday trading on Tuesday (July 28), the US quantum computing sector faced significant selling pressure, with major stocks retreating broadly. As of 1:45 PM ET, all four primary components of the sector were in negative territory, indicating a marked weakening in market sentiment.
IonQ (IONQ.US) led the decline, trading at $32.68, down 9.02% from the previous close. The stock dipped to a low of $32.66 during the session, with volume reaching 3.35 million shares and turnover exceeding $113 million, reflecting strong capital outflow. Close behind was D-Wave Quantum (QBTS.US), which fell to $17.53, a drop of 9.85%. Trading was active with volume hitting 4.74 million shares.
Other components also suffered losses. Rigetti Computing (RGTI.US) traded at $14.37, down 8.12%, while Quantum Computing Inc (QUBT.US) fell 7.66% to $7.35. Overall, the quantum computing sector showed a broad-based decline during the session, with all four major stocks dropping more than 7%, and two nearing or exceeding a 10% loss. This suggests the high-volatility sector is facing significant profit-taking or risk-off pressure today.