Rising Treasury Yields Hammer Quantum Computing Stocks, With IONQ, QBTS, And RGTI Each Falling Around 6%
Quantum computing stocks took a significant hit Tuesday as surging long-dated Treasury yields triggered a broad rotation away from speculative technology positions. IonQ (NYSE: IONQ) fell approximately 6% to around $44, D-Wave Quantum (NYSE: QBTS) dropped about 6.4% to near $20, and Rigetti Computing (NASDAQ: RGTI) slid roughly 5% to approximately $18 near the close….