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Federal Reserve rate-hike odds just handed quantum computing stocks their sharpest single-session hit in weeks, and the reason has nothing to do with anything these companies actually did.
Investing.com -- HSBC downgraded IBM to Reduce from Hold and cut its price target to $191 from $231 in a note on Tuesday, arguing that a basket of IBM's peers offers superior earnings potential for the same investment.
RGTI stock plunges as Quantinuum's Nasdaq debut resets quantum valuations, sharpening focus on rivals' growth, tech and commercialization.
From SpaceX to Anthropic, the pipeline of blockbuster initial public offerings is moving fast. The Honeywell -backed upstart is slated to go public on Thursday, according to Nasdaq, meaning the IPO likely will be priced later Wednesday.
IonQ stock dropped Thursday a day after the quantum computing company posted solid results. IonQ's CEO had reaffirmed the belief that the company is will be the "Nvidia of Quantum." IonQ stock shed nearly 4% to 50.56 in morning trades.
The quantum computing company raises its full-year revenue guidance on the heels of its latest quarter.
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