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Quantum Computing Stocks IONQ, RGTI and QBTS Face Further Pressure As Sector-Wide Selloff Deepens
['Ewan Scott']
Foreign Policy Journal
IonQ (NYSE: IONQ) shares have fallen 39% over the past month, trading at $32.86 midday Wednesday, as pure-play quantum computing stocks endure a sharp and broad selloff.
Rigetti Computing (NASDAQ: RGTI) and D-Wave Quantum (NYSE: QBTS) have each shed 30% over the same period, while Quantum Computing (NASDAQ: QUBT) shares have declined 24%.
IonQ carries a trailing 12-month P/E ratio of 84.26x, while Rigetti, D-Wave, and Quantum Computing have no meaningful trailing P/E ratios given their unprofitability over that period.
That wide gap between crowd sentiment and sell-side optimism is precisely where the next directional move for quantum computing stocks is likely to be decided in the weeks ahead.
The next two weeks could determine whether the current correction is a temporary pause or the beginning of a deeper and more sustained reset across the quantum computing sector.