Quantum Crash? IonQ, Rigetti, D-Wave Sink As Futures Flash Red

Pure-play quantum computing stocks are taking a hit in Tuesday's premarket session, with the group sliding alongside a broader market selloff. Shares ofIonQ Inc. (NYSE:IONQ),Rigetti Computing Inc. (NASDAQ:RGTI), andD-Wave Quantum Inc.(NYSE:QBTS) are down premarket Tuesday.

The weakness comes as S&P 500 futures have shed 1.35% and Nasdaq futures are down 1.77%, pointing to a rough open for growth and speculative names.

Short Sellers Pressing Their Bets

Elevated short interest across the quantum space may be amplifying the downside moves.

According to Benzinga's Short Interest Report, short interest in IonQ rose from...