
Quantum computing stocks have experienced a notable selloff, with companies such as IonQ ($IONQ), Rigetti Computing ($RGTI), and D-Wave Quantum Inc. ($QBTS) facing significant declines. IonQ's CEO stated that the company anticipates 2024 results to be at the high end of its bookings and revenue guidance, projecting sales to approach $1 billion by 2030, compared to $42 million in 2024. Despite the recent downturn, analysts maintain a positive outlook for the quantum computing sector, citing the growing recognition of the technology's near-term usefulness. Rigetti is viewed as overvalued, while D-Wave reported FY24 bookings exceeding $23 million, a 120% increase year-over-year. The volatility in quantum stocks has raised concerns about potential insider selling and market speculation, particularly following comments from influential figures in the tech industry.





The volatility on $RGTI since the quantum bubble popped has been insane. Same story w/ $LAES $QSI $IONQ $QBTS, but $RGTI had the largest swings. This looks completely stochastic. Is it possible to extract $ from vol like this? Options premiums & implied vol were sky high I think. https://t.co/n9Um1YjYSP
Zuck the culprit this time on bringing the Quantum stocks down with his comments on "no interest" $RGTI $IONQ $QUBT
Below you can see the simple valuation ratio or SVR (market cap divided by annualized revenues) calculated for some of the world's hottest AI startups. Now let's do quantum computing stocks. - $IONQ = 132 - $RGTI = 293 - $QBTS = 216 And that's after they all fell 40% following… https://t.co/2eHKpNlJt2