IONQ - Why IonQ Stock Plummeted Today
IonQ (NYSE: IONQ) stock got hit hard in Friday's trading. The quantum-computing company's share price ended the daily session down roughly 12.5%.
The market is once again bristling at high-risk stocks, and many growth-dependent technology companies are seeing their valuations crushed as investors analyze risk factors including the coronavirus omicron variant, rising Treasury bond yields, and uncertain monetary policy in 2022 and beyond. There doesn't appear to have been any company-specific news behind the big sell-off, but IonQ got caught up in the bearish momentum sweeping the broader market.
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Why IonQ Stock Plummeted Today