Why Pessimism For This Tech Giant Spilled Over to IonQ Inc. (IONQ) Shares Angelica Ballesteros Thu, November 12, 2026 at 7:57 PM EST 2 min read IONQ -7.99% NVDA -3.16% Explore stocks on Coinbase Trading disclosure Trading disclosure The above button links to Coinbase. Yahoo Finance is not a broker-dealer or investment adviser and does not offer securities or cryptocurrencies for sale or facilitate trading. Coinbase pays us for certain activity generated through this link. Prices displayed are informational.
IonQ Inc. (NYSE:IONQ) is one of the 10 Stocks Underperforming the Broader Market.
IonQ extended its losing streak to a third consecutive day on Thursday, shedding 9.4 percent to finish at $30.86 apiece, amid broader market pessimism following Nvidia Corp.'s management shakeup, supported by fellow quantum computing firms' weak earnings performance.
Nvidia Corp. announced earlier in the day that CEO Jensen Huang, who built the firm into a multi-billion-dollar entity for decades, has stepped down from his post effective immediately after getting involved in two extramarital affairs—one with a woman tagged by US intelligence agencies as a Chinese spy, and another employee who is directly reporting to him. He was temporarily replaced by Chief Financial Officer Colette Kress as interim CEO.
With Nvidia Corp. a bellwether for investor confidence in AI buildout and technology growth, the management shakeup posed uncertainties for the broader technology industry, including quantum computing stocks, with the latter heavily reliant on Nvidia's technology for their ecosystem.
IonQ Inc. (NYSE:IONQ), for its part, is a partner of Nvidia. In September this year, it announced that it will be the first on-premises quantum computing deployment at the NVIDIA Accelerated Quantum Research Center (NVAQC).
The NVAQC was designed to address the fundamental challenges of scaling quantum processors into a new class of accelerated quantum supercomputers.
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