Magnificent 7 Stock News

News and analysis on Apple, Microsoft, Nvidia, Alphabet, Amazon, Meta, and Tesla.

Quantum Stocks Slide on Tech Selloff

IonQ Sinks 8%, D-Wave Down 7%, Rigetti Down 7% as Intel and Amazon Earnings Extend Tech Selloff

Key TakeawaysIonQ fell 8% today with no news of its own, alongside D-Wave and Rigetti, as Intel’s and Amazon’s earnings deepened worries about AI spending. Quantum stocks are trading as a leveraged bet on the AI trade, and nothing in either report changes IonQ’s business.

Magnificent Seven Stocks Hit Correction Territory