Traders Ditched These 10 Stocks. Here’s Why

2. IonQ, Inc. (NYSE:IONQ)

IonQ Inc. declined by 9.17 percent on Thursday to end at $43.20 each as traders sold off positions following an analyst’s pessimistic comments about the company.

In the recent episode of Mad Money, host and former hedge fund manager Jim Cramer said that shares of IonQ, Inc. (NYSE:IONQ) were “too speculative.”

“It’s so high and it’s losing so much money, but it’s quantum. If I offer you a considered explanation of why I think that stock’s too expensive, most people ignore it, so all I’m going to say is it’s too speculative for me,” he said.

“But frankly, I’m going to use the word chimerical in the sense that these companies—none of these companies—have much in terms of revenue. Except for IonQ.”

For his part, IonQ, Inc. (NYSE:IONQ) CEO Niccolo de Masi believed that the firm “will be the Nvidia player”  of the quantum computing sector.

“I believe IonQ will be the Nvidia player. There will be other people who copy us and follow us; they have always copied and followed us,” he said.