IonQ Inc. (NYSE:IONQ) stock climbed nearly 3% in Tuesday’s premarket session as investors returned to higher-growth technology stocks following a sharp sell-off. Nasdaq futures rose 0.52%, while S&P 500 futures slipped 0.02%.
The rebound follows Monday’s 9.29% decline, when IonQ and other quantum computing stocks came under pressure amid a broader risk-off market.
Rising geopolitical tensions around the Strait of Hormuz and higher oil prices prompted investors to reduce exposure to speculative, high-valuation technology names.
Tuesday’s gains appeared to reflect bargain hunting after the recent pullback. A modest improvement in risk appetite was enough to lift beaten-down growth stocks, including quantum computing companies.
Technical Picture Remains Weak
