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IonQ & D-Wave Fall More than 5% Last Week While Rigetti Leads Quantum Stocks
Last week, quantum computing stocks generally declined, with IonQ and D-Wave experiencing significant drops of over 5%, while Rigetti Computing showed relative strength with a modest 1% decline. The sector’s downturn is attributed to investor sentiment shifting away from speculative industries, continuous insider selling across these companies, and stretched valuations, especially for IonQ. Upcoming earnings reports from IonQ and Rigetti are expected to set the tone for the quantum group in the first quarter.