IONQ - Why IonQ Stock Sank Today
2023-10-24 11:56:21 ET
Shares of quantum-computing company IonQ (NYSE: IONQ) sank on Tuesday after one of the company's co-founders left to pursue his own interests. As of 9:45 a.m. ET, IonQ stock was down 8%, but it had been down as much as 12% earlier in the session.
Decades before co-founding IonQ in 2015, Dr. Chris Monroe was already a leading quantum-computing expert. In an official press release yesterday afternoon, the company said that Monroe was leaving to do what he used to: research and teach.
Investors shouldn't downplay the loss for IonQ too much. After all, there are a limited number of individuals with the technical know-how and expertise in the field of quantum computing . Losing Monroe means losing one of the very best.
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Why IonQ Stock Sank Today