These 10 Firms Were Last Week’s Biggest Losers

2. IonQ Inc. (NYSE:IONQ)

Despite booking a 6.88-percent gain on Friday versus Wednesday’s trading, shares of IonQ (IONQ) on a week-on-week basis marked a 25.51-percent decline, ending Friday at $32.33 versus the $43.4 registered a week prior.

The company suffered a significant speed bump after Nvidia Corp. CEO Jensen Huang announced during the recently concluded CES show that the practical use of quantum computers may not be until 15 to 30 years from now.

But the Nvidia chief said that he thinks the AI chipmaker will play a significant role in the development of quantum computers, and push it toward getting there as fast as possible.

IONQ, along with sectors that stand to benefit from the booming AI such as quantum computing and nuclear energy, similarly lost portions of their valuations.