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Rigetti drops 7% to $15.73, IonQ sinks 6% to $40.60, and D-Wave falls 4% to $18.60, as 10-year Treasury yields at 4.71% punish unprofitable long-duration quantum stocks.
Quantum Computing Inc. shares also dropped 4% to $8.09. The selloff is not driven by company-specific news, but rather by bond market sentiment, with long-dated Treasury yields near multi-decade highs weighing on companies whose valuations depend on future cash flows.
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Disclaimer: This content reflects the author's personal views only and does not constitute investment advice.
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