Quantum Stocks Slide Is The Hype Fueled Rally Over 24 7 Wall St

Bonisiwe Shabane

-Jan 2, 2026, 5:19 PM

quantum stocks slide is the hype fueled rally over 24 7 wall st

Quantum computing, heralded as the next frontier in computational power, promises to revolutionize industries from pharmaceuticals to cryptography with its ability to process complex calculations far beyond classical computers. Companies like IonQ (NYSE:IONQ), Rigetti Computing (NASDAQ:RGTI), D-Wave Quantum (NYSE:QBTS), and Quantum Computing (NASDAQ:QUBT) have captured investor enthusiasm, driving their stock prices to dizzying heights. Over the past year, these stocks have surged, with gains ranging from 420% for IONQ to over 2,566% for QUB T, fueled by optimism about quantum’s potential. However, all of these stocks are tumbling today, down 4% to 7% in noontime trading, reflecting a broad-based decline. This sharp drop raises a critical question: after such a tremendous run-up, is the quantum computing bubble finally bursting? The quantum computing sector has seen remarkable technological strides, exploding the market valuations of the individual players.

IonQ’s trapped-ion systems surpassed 100 qubits, bolstered by a $1 billion investment in Oxford Ionics to scale to 2 million qubits by 2030, with Q1 2025 revenue at $7.6 million. Rigetti’s 84-qubit Ankaa-3 system hit 99.5% gate fidelity, supported by a $100 million Quanta Computer partnership, though its revenue fell to $1.47 million in the first quarter. D-Wave, focusing on quantum annealing, reported $15 million in Q1 revenue, up 500%, with clients like Accenture (NYSE:ACN), but it also plans a $400 million stock issuance. Quantum computing stocks continue to rebound following a Wall Street Journal article yesterday detailing potential U.S. government equity investments in the sector. The report outlined early discussions with the Commerce Dept., where firms could trade shares for at least $10 million each in federal funds.

Named in the piece were IonQ (NYSE:IONQ), Rigetti Computing (NASDAQ:RGTI), D-Wave Quantum (NYSE:QBTS), and Quantum Computing (NASDAQ:QUBT). These talks aimed to strengthen American leadership in quantum tech against international rivals. The story ignited investor excitement after consecutive days of declining stock prices, with QBTS, RGTI, IONQ, and QUBT all racing higher by double-digit percentages. Hours later, though, a Commerce official pushed back, stating the agency was “not currently negotiating equity stakes with quantum computing companies.” The denial did little to dampen enthusiasm. All four stocks closed higher for the day, with most up by single-digit rates, though QBTS closed with an almost 14% gain.

The rally is continuing this morning, with the quantum stocks offering a repeat performance as traders seemingly hang their hats on the word “currently” in the official response. They may be interpreting the denial as a temporary pause rather than a full rejection of negotiations. Some speculate the leak to the Journal might have been a premature disclosure rather than an absence of actual talks. A major breakthrough is fueling quantum stocks—here’s why the rally is far from over. First of all, I want to thank all of the folks who joined my Next 50X NVIDIA Call special summit earlier today. You can check out the replay of the Next 50X NVIDIA Call right here.

And as it turns out, our timing was perfect with this event. Because while NVIDIA’s Q Day is still a week away, quantum computing stocks surged on Wednesday on some fresh news that I need to share with you today… Quantum computing, heralded as the next frontier in computational power, promises to revolutionize industries from pharmaceuticals to cryptography with its ability to process complex calculations far beyond classical computers. Companies like IonQ (NYSE:IONQ), Rigetti Computing (NASDAQ:RGTI), D-Wave Quantum (NYSE:QBTS), and Quantum Computing (NASDAQ:QUBT) have captured investor enthusiasm, driving their stock prices to dizzying heights. Over the past year, these stocks have surged, with gains ranging from 420% for IONQ to over 2,566% for QUB T, fueled by optimism about quantum’s potential. However, all of these stocks are tumbling today, down 4% to 7% in noontime trading, reflecting a broad-based decline.

This sharp drop raises a critical question: after such a tremendous run-up, is the quantum computing bubble finally bursting? The quantum computing sector has seen remarkable technological strides, exploding the market valuations of the individual players. IonQ’s trapped-ion systems surpassed 100 qubits, bolstered by a $1 billion investment in Oxford Ionics to scale to 2 million qubits by 2030, with Q1 2025 revenue at $7.6 million. Rigetti’s 84-qubit Ankaa-3 system hit 99.5% gate fidelity, supported by a $100 million Quanta Computer partnership, though its revenue fell to $1.47 million in the first quarter. D-Wave, focusing on quantum annealing, reported $15 million in Q1 revenue, up 500%, with clients like Accenture (NYSE:ACN), but it also plans a $400 million stock issuance. Pure-play quantum computing stocks got Wall Street's attention in 2025 as JPMorgan, Jefferies, Evercore ISI, Cantor Fitzgerald and Mizuho Securities initiated coverage on some companies while Barclays and Bank of America published in-depth reports...

Heading into 2026, IonQ (IONQ) and D-Wave Quantum (QBTS) hold the most buy ratings along with the highest price targets on average… 9:00 AM ET The stock market fell to end a solid 2025. Palantir and Nvidia chipmaker Taiwan Semi were in focus. Tesla deliveries... 9:00 AM ET The stock market fell to end a solid 2025. Palantir...

Get instant access to exclusive stock lists, expert market analysis and powerful tools with 2 months of IBD Digital for only $20! Get market updates, educational videos, webinars, and stock analysis. Quantum Computing Inc. (NASDAQ: QUBT) is surging again, with pre-market action pointing to another high-volume session after Monday’s 24% gain. The speculative tech favourite has now rallied more than 120% over the past month, as momentum traders continue to pile into names tied to next-generation computing. The broader risk-on mood across Wall Street is helping lift sentiment.

Investors are reacting to signs of easing tensions between Israel and Iran triggering a pullback in oil prices. With price action accelerating, all eyes are on the $23.80 breakout level. Quantum Computing Inc. is still a narrative-driven stock. But when Nvidia CEO Jensen Huang declared that quantum computing is nearing an “inflection point,” the conversation shifted. Suddenly, what was once a speculative dream started sounding like an industry on the verge of real adoption.

That one statement gave legitimacy to QUBT’s rally, and retail traders took note. If bullish sentiment holds and volume stays elevated, this stock could break above resistance and test fresh highs. Just remember: momentum is a double-edged sword.

Quantum Stocks Slide Is The Hype Fueled Rally Over 24 7 Wall St

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