IonQ Tumbles 8%, D-Wave, Rigetti, Quantum Computing Drop 6% as Risk-Off Ripple Effects Hit Speculative Quantum Stocks

1 month ago 12

David Moadel

Mon, July 13, 2026 astatine 11:16 AM CDT 4 min read

Quick Read

IONQ tumbled 8% portion QBTS, RGTI, and QUBT declined 6% arsenic Strait of Hormuz tensions and an lipid spike triggered wide risk-off selling crossed quantum stocks.
With the NASDAQ 100 tracking QQQ ETF down 1.48%, the QTUM ETF's diversified exemplary constricted its driblet to conscionable 2.42%, which is acold little than the 6% to 8% losses seen successful immoderate pure-play quantum names.
IonQ's 103x P/E ratio and beta of 3.23 amplify its losses connected macro sell-off days, contempt a 755% year-over-year gross surge successful Q1.
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Quantum computing stocks are the sharpest casualties successful Monday greeting trading, with the radical selling disconnected successful unison adjacent though determination is nary company-specific quality driving the move. IonQ (NYSE:IONQ) banal is starring the decline, down 8% to $39.52 and extending a unsmooth agelong that has already carried the shares 31% little implicit the past month.

A close-up, high-angle changeable of a aureate physics integrated circuit, apt a quantum computing chip. The constituent features intricate, good lines and patterns, with the substance 'IONQ' disposable connected the surface. The instrumentality has a layered appearance, suggesting analyzable interior structures, acceptable against a acheronian background, highlighting its metallic sheen.

The remainder of the pure-play handbasket is moving successful lockstep. D-Wave Quantum (NYSE:QBTS) shares are down 6% to $18.85, Rigetti Computing (NASDAQ:RGTI) banal is disconnected 6% to $1560, and Quantum Computing (NASDAQ:QUBT) shares are little by 6% to $8.18.

The backdrop is the tell. With the NASDAQ 100 tracking Invesco QQQ Trust (NASDAQ:QQQ) down 1.48% intraday and the AI and spot analyzable nether pressure, the market's astir speculative country is getting repriced first.

Risk-Off Ripple, Not Company News

Today's descent successful IonQ, D-Wave, Rigetti, and Quantum Computing shares traces to macro forces alternatively than company-specific catalysts. The catalyst is simply a broader risk-off portion driven by the Strait of Hormuz conflict, an lipid terms spike, and renewed AI-trade angst weighing connected semiconductor and representation names.

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High-beta quantum names beryllium astatine the acold extremity of that hazard spectrum. IonQ carries a beta of 3.23, which quantifies wherefore it moves multiples of the marketplace connected days similar this. Options travel suggests hedging is successful play too, with IonQ's full-chain put/call ratio astatine 0.83 and Rigetti's astatine 0.7.

The Valuation Fault Line

Quantum stocks are fragile connected valuation, and that is the spine of today's move. IonQ is the lone sanction successful the radical with affirmative trailing earnings, posting TTM EPS of $0.39 against a stretched TTM P/E ratio of 103x. Its price-to-sales ratio sits astatine 85x, leaving small cushion erstwhile sentiment turns.

The remainder of the cohort has nary net anchor astatine all. D-Wave posts TTM EPS of -$1.14, Rigetti -$0.89, and Quantum Computing -$0.26, truthful nary carries a trailing P/E ratio. When hazard appetite fades, pre-profit stories with triple-digit multiples get sold first.

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