IonQ ( (IONQ) ) is experiencing volatility. Read on for a possible explanation for the stock’s unusual movement.
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IonQ, Inc.’s stock took a significant hit, dropping sharply after Nvidia CEO Jensen Huang expressed doubts about the immediate usefulness of quantum computing at CES 2025. His comments suggested that it could be 15 to 30 years before the technology becomes practically valuable, triggering a broad selloff in the quantum computing sector, including IonQ. This reaction came despite a prior wave of investor enthusiasm driven by speculation and potential tech breakthroughs. Analysts still hold a Strong Buy consensus for IonQ, pointing to its strategic acquisition of Qubitekk for boosting quantum networking capabilities. Nevertheless, IonQ’s latest earnings report showed increased quarterly revenue of $12.4 million but also a larger net loss compared to last year.
More about IonQ
YTD Price Performance: -29.81%
Average Trading Volume: 28,795,330
Technical Sentiment Consensus Rating: Sell
Current Market Cap: $6.55B
For further insights into IONQ stock on TipRanks’ Stock Analysis page.
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