IonQ's stock is experiencing a decline today, largely due to ongoing concerns about the long-term viability and profitability of quantum computing companies. Recent comments from Nvidia CEO Jensen Huang at the CES technology conference have cast doubt on the near-term potential of quantum computing, suggesting that useful quantum computers may still be 20 to 30 years away. This has dampened investor enthusiasm, which had been buoyed by significant gains in late 2024. IonQ, despite being a leader in the quantum space, faces high cash burn rates and low revenues, which are causing investors to reassess the stock's valuation.
The current price of IonQ is $38.30, reflecting a 3.01% decrease from its previous close of $39.49. The stock opened at $37.40, marking a 2.41% increase from the opening price.