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IONQ Stock Tumbles 10% As Wolfpack Reveals Short Position
(MENAFN- AsiaNet News)
Shares of IONQ Inc (IONQ) slumped 10% on Wednesday at the time of writing after Wolfpack Research divulged a short position in the company.
Wolfpack said that the quantum computing hardware and software company lost funding for Pentagon contracts that had comprised up to 86% of revenues from 2022-2024, leaving a $54.6 million black hole in their bookings in 2025.
Wolfpack also said that it believes the loss of funding for the contracts spurred the recent CEO exit and insider trading.
Get updates to this developing story directly on Stocktwits.
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