Down 45%, Should You Buy the Dip on IonQ?
The quantum computing company will likely remain a volatile stock this year.
IonQ (NYSE: IONQ), a provider of quantum computing systems and cloud-based services, went public by merging with a special purpose acquisition company (SPAC) on Oct. 1, 2021. The combined company's stock started trading at $10.60 per share, then endured some wild swings before closing at a record high of $51.07 on Jan. 6, 2025.
At the time, investors were impressed by IonQ's early mover's advantage in the quantum computing market and its rapid growth. President Donald Trump's victory in last November's U.S. election also sparked a buying frenzy in pricier growth stocks.
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