Quantum computing stocks fell Monday amid a big day for the Nasdaq composite, continuing their roller-coaster ride in 2025. On the news front, D-Wave Quantum announced a warrant redemption that it said will result in about 2% dilution to existing shareholders.
On the stock market today, D-Wave stock fell 10.3% to close at 34.39. IonQ stock retreated 4.7% to close at 59.96. Shares of Rigetti Computing pulled back 6.6% to 43.31. And Quantum Computing slid 5.7% to close at 17.28.
Further, D-Wave said the redemption involves approximately five million warrants to purchase the company's common stock.
Meanwhile, the Dow Jones Industrial Average and the other major stock indexes rallied on Monday. The tech-heavy Nasdaq composite fared best among the major indexes with a lift of 1.5%.
Among other stocks down on Monday were artificial intelligence plays CoreWeave and Nebius. Both AI infrastructure companies rent out servers equipped with Nvidia AI accelerators. Shares in Oracle, also an AI infrastructure play, also fell on Monday.
Meanwhile, IonQ recently announced plans to raise $2 billion in a new equity offering. IonQ has been on an acquisition spree.
In 2025, D-Wave shares are up 301% while IonQ shares have advanced 41%. Rigetti stock has gained 176% and Quantum Computing stock is up 5%.
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Quantum computing works on a subatomic level and uses exotic technologies, like supercold superconductor chips. Further, quantum computing aims to solve problems that are too complex for today's classical computers.
Quantum computing stocks have been volatile in 2025 amid controversy involving Nvidia CEO Jensen Huang, who initially cast doubt over how soon commercially viable quantum technology will be available. Nvidia, though, has now stepped up investments in quantum startups.
Also, speculation that the Trump administration could soon unveil new U.S. quantum technology initiatives could be fueling the 2025 rise in quantum computing stocks.
Follow Reinhardt Krause on X, formerly Twitter, @reinhardtk_tech for updates on artificial intelligence, cybersecurity and cloud computing.
