Quantum Computing Stocks Plunge Amid Sector-Wide Cooling
U.S. quantum computing stocks—including IonQ (IONQ), Rigetti Computing (RGTI), and D-Wave Quantum (QBTS)—have tumbled from October highs as investor enthusiasm wanes for speculative tech sectors. The downturn mirrors broader volatility in emerging technologies, with even J.P. Morgan's endorsement of quantum computing as a strategic priority failing to stem the selloff.
Government interest and institutional backing once fueled rallies, but scalability concerns now dominate. Skepticism grows over whether these firms can convert theoretical potential into commercial viability. The sector's decline accelerated alongside recent weakness in AI-related equities, compounding losses.