Why IonQ Stock Fell 10% Today
Quantum computing company IonQ (NYSE:IONQ) announced a $1.3 billion acquisition on Monday morning. It’s an all-stock deal, and Wall Street immediately reflected the incoming dilution — and then some. At noon ET, the stock is down 10%, lowering IonQ’s total market value by $1.45 billion.
Image source: The Motley Fool.
IonQ has been on a shopping spree for a while now, and privately held security expert Elisity is the latest item in the cart. This one steps outside the quantum world entirely.
Source: www.fool.com — article syndicated from the publisher’s feed; all rights remain with the original publisher.