IonQ Falls 7%, D-Wave Dives 8%, Rigetti and Quantum Computing Inc.
Plunge 9%: Quantum Stocks Crash on Profit-Taking Quick Read – Quantum stocks are unwinding a sector rally driven by strong earnings and bullish commentary, with all four names showing technical overbought conditions that reversed in lockstep, signaling coordinated profit-taking rather than company-specific weakness, though new competitors from Quantinuum’s upcoming IPO and big-tech incumbents pose longer-term execution risks. – IonQ (IONQ) reported Q1 2026 revenue of $64.67M, up 755% year over year with full-year guidance raised to $260M-$270M; D-Wave Quantum (QBTS) disclosed Q1 2026 revenue of $2.86M but bookings surged 2,000% to $33.4M. – Rigetti Computing (RGTI) and Quantum Computing (QUBT) each posted triple-digit revenue growth but trade at extreme valuations (592x and 606x price-to-sales, respectively) with recurring shareholder dilution from stock-funded raises. – The analyst who called NVIDIA in 2010 just named his top 10 stocks and IonQ wasn’t one of them
Get them here FREE. IonQ (NYSE:IONQ) shares are down roughly 7%, D-Wave Quantum (NYSE:QBTS) stock is off 8%, and shares of Rigetti Computing (NASDAQ:RGTI) and Quantum Computing (NASDAQ:QUBT) are dropping 10%. No single company-specific catalyst is driving the move.
All four names reported earnings over the past two weeks with strong revenue growth and bullish commentary, fueling a sector rally that now appears to be unwinding. Even IonQ, which entered today up 20.1% over the past month and up 15.8% year to date, is selling off alongside weaker peers like D-Wave and Rigetti. The analyst who called NVIDIA in 2010 just named his top 10 stocks and IonQ wasn’t one of them.