Why Did IONQ Stock Fall Just 0.5% While Other Quantum Stocks Sank?

Quantum computing stocks fell on Friday, October 2, but the declines were uneven. D-Wave Quantum (QBTS) dropped 4.77%, while IonQ (IONQ) lost only 0.50%, a sign that investors may be getting more selective about which names to hold. The broader technology market rose instead: the Nasdaq 100 gained 1% after weaker U.S. jobs data boosted hopes for a more accommodating Federal Reserve. Other quantum stocks also closed lower, including QUBT (-2.50%), RGTI (-2.37%) and XNDU (-4.02%). IonQ started the day with supportive Wall Street coverage, with Bank of America initiating coverage at Buy and a $60 target; the article notes IonQ’s scale, acquisitions, and its planned Superion 256 installation at Nvidia’s research center in 2027.