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Why IonQ Stock Is Plummeting Today

TheMotleyFool

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IonQ (NYSE: IONQ) stock is moving lower in Friday's trading. The quantum-computing specialist's share price had fallen 7.4% in the daily session as of 2:05 p.m. ET. At the same point, the S 500 and the Nasdaq Composite had each fallen 0.7%. The stock had been down as much as 10.8% earlier in trading.

While there isn't any business-specific news pushing IonQ's valuation lower today, the stock is losing ground in conjunction with bearish momentum for the broader market. Investors are selling out of growth-dependent, speculative tech stocks today in response to macroeconomic and geopolitical risk factors.

Image source: Getty Images.

Source Fool.com

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