IonQ is trading lower Friday as risk appetite cools and traders fade quantum-computing sympathy trade after Washington funding headlines.

Quantinuum raised $1.68 billion in its Nasdaq IPO, pricing 28 million shares at $60 each despite reporting just $30.9 million in 2025 revenue.

Quantinuum Inc (NASDAQ: QNT) shares are trading higher in first Nasdaq session after opening at $68, a 13.3% gain from $60 IPO pricing.