10 Stocks Underperforming the Broader Market

7. IonQ Inc. (NYSE:IONQ)

IonQ extended its losing streak to a third consecutive day on Thursday, shedding 9.4 percent to finish at $30.86 apiece, amid a broader market pessimism following Nvidia Corp.’s management shakeup, supported by fellow quantum computing firms’ weak earnings performance.

Nvidia Corp. announced earlier in the day that CEO Jensen Huang, who built the firm into a multi-billion-dollar entity for decades, has stepped down from his post effective immediately after getting involved in two extramarital affairs—one with a woman tagged by US intelligence agencies as a Chinese spy, and another employee who is directly reporting to him. He was temporarily replaced by Chief Financial Officer Colette Kress as interim CEO.

With Nvidia Corp. a bellwether for investor confidence in AI buildout and technology growth, the management shakeup posed uncertainties for the broader technology industry, including quantum computing stocks, with the latter heavily reliant on Nvidia’s technology for their ecosystem.

IonQ Inc. (NYSE:IONQ), for its part, is a partner of Nvidia. In September this year, it announced that it will be the first on-premises quantum computing deployment at the NVIDIA Accelerated Quantum Research Center (NVAQC).

The NVAQC was designed to address the fundamental challenges of scaling quantum processors into a new class of accelerated quantum supercomputers.

6. Lucid Group Inc. (NASDAQ:LCID)

Lucid Group dropped its share price by 11.31 percent on Thursday to finish at $3.2550 apiece, as investors resumed selling positions after it missed earnings expectations while digesting a series of price target cuts.

In an updated report earlier in the week, Lucid Group Inc. (NASDAQ:LCID) said that it raked in revenues of $350.32 million in the third quarter of the year, higher by 4 percent than the $336.58 million in the same period last year, but missed analyst estimates of $407.31 million.

It also posted an adjusted loss per share of $2.30, wider than the $2.28 as expected by Wall Street.

Net loss attributable to shareholders amounted to $1.08 billion, higher than the $1.03 billion in the same period last year.

Following the results, analysts from RBC Capital and Bank of America both reduced their price targets for the stock to $4 and 3.50, respectively, from $7.

RBC Capital reiterated its perform rating, while BofA maintained its underperform rating.

In other news, Lucid Group Inc. said that it continues to expand its services with additional locations in Mission Viejo to bring sales and services for current and prospective customers in South Carolina.

It is also expanding its service capacity with a target of increasing technical and service support staffing by 60 percent in the first quarter of 2027.

5. Super Micro Computer Inc. (NASDAQ:SMCI)

Super Micro Computer saw its share price decline by 11.30 percent on Thursday to close at $26.99 apiece, as investors disposed of positions following news that the Department of Justice has initiated a probe into alleged smuggling of its products into China.

According to reports, the US Attorney’s Office in Manhattan is investigating whether Alice Huang, alleged mistress of ex-Nvidia Corp. CEO Jensen Huang and who was tagged as a Chinese spy, helped smuggle Super Micro Computer Inc. (NASDAQ:SMCI) into China. Other companies, namely Nvidia and Megaspeed International, are also facing a probe.

In response, Super Micro Computer Inc. said that it is cooperating with authorities in relation to the case.

The decline can also be attributed to Nvidia’s slide to a new 52-week low following Huang’s resignation, effective immediately, after admitting to having extramarital affairs with Alice.

It can be learned that Nvidia Corp. and Super Micro Computer Inc. share a decades-long of partnership, with the latter acting as a premier, early-stage integration partner for Nvidia’s cutting-edge graphics processing units and AI platforms.

Super Micro Computer Inc. is known for its speed-to-market, turning Nvidia chips into custom server racks, liquid-cooling systems, and total data center solutions faster than many competitors.