IonQ shares are experiencing a significant decline following comments made by Nvidia CEO Jensen Huang at the 2025 Consumer Electronics Show (CES). Huang expressed skepticism about the near-term commercial viability of quantum computing, suggesting that practical quantum computers are still 15 to 30 years away. This statement has sparked a selloff in the quantum computing sector, impacting IonQ and other companies that had previously benefited from investor optimism about rapid advancements in the field.
The remarks from Huang have led to a broader reevaluation of the timeline for quantum computing breakthroughs, causing IonQ's stock to drop sharply. The trading volume for IonQ has surged, with over 47 million shares changing hands, nearly double the company's three-month average daily trading volume. This heightened activity reflects growing investor concern about the future of quantum computing and the potential delay in realizing its commercial applications.
IonQ's stock is currently down 5.70% to $39.18 as of 10:00 am on Monday, compared to its previous close of $41.55 and a 2.12% decrease from its opening price of $40.03.