Rising Rate-Hike Odds Slam Quantum Computing Stocks, With IonQ (IONQ) Leading Sector Lower
Quantum computing stocks are taking their sharpest single-session hit in weeks midday Wednesday, driven entirely by shifting Federal Reserve rate expectations rather than any company-specific developments. IonQ (NYSE: IONQ) is leading the sector lower, falling 4% to $38.77 in early afternoon trading, erasing a meaningful portion of the sector’s recent bounce. Rigetti Computing (NASDAQ: RGTI)…