Quantum computing stocks are sinking today: What's happening with Rigetti, D-Wave, QUBT, and IonQ?

"The fortunes of major quantum computing firms turned negative this week as share prices sank-in some cases by double digits. The so-called Quantum Four publicly traded companies-Rigetti Computing, IonQ, Quantum Computing Inc, and D-Wave Quantum-saw their stock prices tumble on Thursday. And as of this writing, all four companies are down even lower in premarket trading on Friday. Berkeley, California-based Rigetti (NASDAQ: RGTI) has seen the biggest drop,"

"However, the broader stock market experienced shocks on Thursday after regional bank Zions Bancorporation accused some of its borrowers of fraud and warned that it would take a large loss, as the Wall Street Journal reported. This disclosure has sparked fears about the credit health of regional banks more broadly, and those fears appear to be spilling into the markets."

Major publicly traded quantum computing companies Rigetti, IonQ, Quantum Computing Inc, and D-Wave experienced notable stock price declines, with Rigetti posting the largest initial drop. Rigetti fell almost 15% on Thursday and declined further in premarket trading; IonQ, Quantum Computing Inc, and D-Wave also saw double-digit or near-double-digit losses. No clear negative sector-specific news emerged, and D-Wave had announced a $12 million Advantage2 deal for Italy. Broader market shocks followed a disclosure by regional bank Zions about borrower fraud and a large loss, sparking regional bank credit fears. Some investors appear to be taking profits after large 12-month gains, and others are shifting toward safe-haven assets like gold.

Read at Fast Company