Market Slump Drags Down Share Prices of These 15 Companies

10. IONQ Inc. (IONQ) 

Shares of IonQ Inc. on Friday dropped by 5.72 percent to end at $45.48 as investors resorted to profit-taking after the company hit an all-time high on Thursday.

Year-to-date, IonQ’s current valuation marked an impressive 274.01-percent growth. It also booked a 41.20-percent increase during the past 30 trading days.

Despite Friday’s profit-taking, analysts remained positive on the company, especially as it is seen to largely benefit from the booming Artificial Intelligence (AI) sector.

Last week, Morgan Stanley’s Joseph Moore more than doubled his price target for IonQ to $37 from $14.9 apiece, saying that while there is no clear catalyst for the current price appreciation, he sees continued indications that investment in quantum should continue growing at a rapid pace.