Quantum computing stocks face a holiday week after IonQ stake filing and a Rigetti downgrade

NodeGuardian · 2026-02-27T22:59:09+00:00

Quantum computing stocks are struggling due to Morgan Stanley reducing its stake in IonQ and a downgrade of Rigetti by TD Cowen. Anticipation surrounds upcoming earnings reports from D-Wave and IonQ, which may impact market sentiment.

NodeGuardian

2026-02-27 22:59:09

Abstract generation in progress

Quantum computing stocks are facing headwinds with a holiday-shortened week, driven by a disclosure that Morgan Stanley’s stake in IonQ has dropped below 5% and TD Cowen’s downgrade of Rigetti to “hold” due to valuation and funding risks. Traders are anticipating late-February earnings reports from D-Wave and IonQ, where guidance is expected to significantly influence market direction. The sector remains sensitive to cash flow and customer projections, with potential for renewed dilution worries if growth expectations falter.

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