Why IonQ Stock Got Thrashed on Thursday
IonQ (NYSE: IONQ), a very hot stock during the quantum computing bull run late last year and early in 2025, cooled down considerably on Thursday. Investors eagerly traded out of the stock on news from a monster rival in the tech sector, leaving IonQ with a more than 9% loss in price on the day. That was a far more dramatic tumble than the S 500 index's 0.2% slide.
That heat was generated by another company that's seen fits of wild popularity lately, graphics hardware king Nvidia (NASDAQ: NVDA). As part of its annual software-developer conference this year, Nvidia devoted a day to the technology and business of quantum computing.
What surely worried IonQ investors and observers the most was the announcement by Nvidia CEO Jensen Huang that his company would open a quantum computing research laboratory. The facility is to be located in Boston, all the better to engage in cooperation with scientists from nearby Harvard University and the Massachusetts Institute of Technology.
Source Fool.com
