Quantum Stocks IonQ, Rigetti and D-Wave Sink Up to 53% on Losses
Updated
Updated · Yahoo Finance · Oct 31
Quantum Stocks IonQ, Rigetti and D-Wave Sink Up to 53% on Losses
3 articles · Updated · Yahoo Finance · Oct 31
Summary
Year to date, D-Wave has plunged 53%, Rigetti has fallen 44% and IonQ is down 26%, extending a sharp selloff across quantum-computing shares.
IonQ’s recent growth has not eased investor concerns: second-quarter revenue jumped 287% to $80.1 million, but its non-GAAP EBITDA loss widened to $120.3 million from $36.5 million a year earlier.
D-Wave’s business remains especially uneven because sales depend heavily on equipment purchases by researchers and universities; second-quarter revenue was just $3.1 million against a $37.1 million adjusted EBITDA loss.
Both companies still have sizable cash buffers—IonQ about $3 billion and D-Wave roughly $546 million—but the report says investors should stay cautious until profitability and steadier demand become clearer.