Why IonQ Stock Is Crashing Today

Category: Finance

IonQ's stock plummeted by 38.3% following Nvidia CEO Jensen Huang's comments suggesting that commercially viable quantum computers are still decades away. Despite a 133% increase over the past year, concerns about the long-term timeline for quantum computing's commercial applications may lead to further declines in IonQ's share price.

Keywords: IonQ, quantum computing, Nvidia

Source: Motley Fool

Update At: 1/9/2025

Related Sources

Costco Just Did Something It Hasn't Done in 7 Years. Here's How It Could Boost the Stock. | The Motley Fool

Costco Wholesale announced an increase in membership fees, aiming to boost profits indirectly by attracting new members and offering better value. The company's business model relies on low-margin retail sales supplemented by membership fees, with a focus on customer satisfaction and long-term profitability.

Motley Fool

Will Meta Platforms Do a Stock Split in 2024? | The Motley Fool

The article discusses the possibility of Meta Platforms (formerly Facebook) doing a stock split, the impact of stock splits on companies, and the potential scenarios for Meta Platforms. It also highlights the importance of focusing on the long-term outlook of the business rather than short-term events like stock splits.

Motley Fool

CPI declined in June | ABA Banking Journal

The Consumer Price Index edged down 0.1% in June on a seasonally adjusted annual basis, after being unchanged in May. The index for all items less food and energy, the “core CPI”, rose 0.1% in June. The index for shelter, food, and energy experienced various changes in June. The energy index fell 2.0% in June, with notable decreases in gasoline and fuel oil indexes. The article also covers topics such as mortgage rates, FDIC chair nominee's stance on capital requirements, and FinCEN's alert on financing related to Israeli extremist settler violence.

ABA Banking Journal

Buy Costco stock as shares are poised to rally 12% after the company raises membership fees for the first time since 2017

Costco stock has a 12% upside after raising its annual membership fees for the first time since 2017, according to Bank of America. The fee increase is expected to boost earnings visibility and share gains for Costco in the current environment.

Yahoo Finance

JPMorgan shuffles its European media stock ratings By Investing.com

JPMorgan has revised its outlook on the European Media sector, favoring domestic European value over U.S. exposure in the improving macro environment. Upgrades include ProSiebenSat1 Media and Mediaforeurope to 'overweight', with Vivendi being the best idea for the second half of the year. Downgrades include Publicis and Wolters Kluwer.

Investing.com

Citigroup (C) earnings Q2 2024

Citigroup reported second-quarter results that exceeded profit and revenue expectations, driven by a rebound in Wall Street activity. Net income increased by 10% to $3.22 billion, with revenue rising by 4% to $20.14 billion. Equities trading revenue surged by 37%, while fixed income revenue slightly decreased by 3%. Investment banking revenue saw a significant increase of 60%. Citigroup CEO Jane Fraser highlighted the progress in executing the bank's strategy and the benefits of its diversified business model.

CNBC

Citigroup profits rise 10% despite jump in credit card losses

$75 per month for complete digital access to quality FT journalism. Pay upfront for a year and save 20%. Includes FT Weekend newspaper and expert analysis. Billed quarterly at $199 with FT newspaper delivery. International Edition available.

Financial Times

Citigroup (C) Q2 Earnings Preview: Hereâs What to Expect - TipRanks.com

Citi is set to report its Q2 results with expectations of impact from sluggish loan growth and rising investments. Analysts expect a 3.09% move in either direction post-earnings report. Wall Street analysts have a Moderate Buy consensus rating on Citi stock.

Tipranks

Growth in core business lines produces improved profits for BNY | American Banker

BNY Mellon reported solid second-quarter increases in revenue and net income, with record revenue of $4.6 billion and net income of $1.17 billion. The bank's assets under custody or administration totaled $49.5 trillion, with assets under administration exceeding $2 trillion. Operating expenses were down 1% year-over-year, and each of the bank's five business lines reported increased profits.

American Banker

Bank earnings, June PPI, Biden conference: What to Watch

Big banks are set to release their latest quarterly earnings, economic data including the Producers Price Index (PPI) and Consumer Sentiment will be released, and US President Joe Biden will host a news conference. Analysts are focusing on interest income and inflation readings, while consumer sentiment is expected to increase slightly. The news conference will be a test for Biden as he wraps up the NATO summit.