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IonQ sinks 4% to $38.77 as 60% Fed rate-hike odds crush pre-revenue quantum names, with Rigetti and D-Wave each sliding 2%.
SPY drops just 0.6% versus quantum's steeper losses, signaling rotation out of speculative growth while QTUM's 36% YTD gain cushions the sector ETF.
The 10-year Treasury yield near 4.8% lifts discount rates on distant cash flows, punishing pure plays that are already down between 13% and 34% year to date.
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