Quantum computing stocks fell sharply on Thursday amid a broader technology selloff as a risk-off move swept through growth equities.
The selloff followed renewed pressure on tech stocks, reviving concerns about valuations across long-duration assets. Software, semiconductors, and speculative technology names led declines.
The selloff comes as Microsoft (MSFT) fell 12%, with analysts attributing the stock drop to high capital expenditures and Azure’s revenue growth coming in only a hair above company expectations.
The weakness came despite no major change in the underlying fundamentals for quantum technology. Industry investment, government funding, and corporate research partnerships remain intact. However, in the current market environment, investors showed limited appetite for businesses where cash flows are expected years into the future.
Related tickers: IonQ (IONQ) -6.59%, Quantum Computing (QUBT) -6.03%, D-Wave Quantum (QBTS) -7.17%, Rigetti Computing (RGTI) -8.72%, Arqit Quantum (ARQQ) -4.85%, IBM (IBM) +6.17%, Microsoft (MSFT) -12%, Google (GOOG) (GOOGL) -1.37%, Amazon (AMZN) -1.65%.