Stock Track | IONQ Inc. Plunges 5.3% as China's DeepSeek AI Raises Quantum Computing Concerns

Stock Track01-27

IONQ Inc. shares experienced a 24-hour plunge of 5.3% on Monday's pre-market trading session.

The sell-off in IONQ and other quantum computing stocks was fueled by concerns over progress made by China's DeepSeek AI lab. DeepSeek released a powerful new AI model that it claims was built at a relatively low cost using less advanced chips. If true, this development could undermine the demand for the expensive AI chips and hardware that quantum computing companies like IONQ rely on.

As a key player in the emerging quantum computing industry, IONQ's stock was impacted by fears that advances in low-cost AI models could disrupt the competitive landscape and growth prospects for the sector.

Disclaimer: Investing carries risk. This is not financial advice. The above content should not be regarded as an offer, recommendation, or solicitation on acquiring or disposing of any financial products, any associated discussions, comments, or posts by author or other users should not be considered as such either. It is solely for general information purpose only, which does not consider your own investment objectives, financial situations or needs. TTM assumes no responsibility or warranty for the accuracy and completeness of the information, investors should do their own research and may seek professional advice before investing.

Comments

  • Purplet72
    01-27
    Purplet72
    Personally I think quantum stocks should go up as US should focus on the future quantum AI so that they can stay ahead in technology. 
Leave a comment
1
1