Quantinuum shares closed at $60.38 in their Nasdaq Global Select Market debut on Thursday, nearly unchanged from the IPO price of $60, as gains were capped by a broader technology sell-off following Broadcom's quarterly report. The stock opened at $68 and climbed as high as $71.35 before settling. Retail sentiment on Stocktwits shifted from 'neutral' to 'bullish' on Thursday, with the watcher count increasing approximately tenfold, while major quantum stocks showed mixed performance amid technology sector pressure.
Retail Sentiment Shifts to Bullish on Stocktwits
On Stocktwits, retail sentiment for QNT shifted from 'neutral' to 'bullish,' and the watcher count increased by about 10 times on Thursday. Several retail traders added the new quantum stock to their watchlists.
One bullish trader said, "$QNT I'm thinking it was just a bad day to IPO. Bad couple [of] days for most momentum and tech stocks. Same thing happened with Coreweave and now it's 2-3x IPO price."
Another wrote, "$QNT Very stable and orderly trading today. Wouldn't expect the same urgency as AI-related stocks & IPOs."
Quantum Stocks Show Mixed Performance Amid Tech Sector Pressure
Major quantum stocks were mixed on Thursday. IonQ shares declined 3.8%, while Rigetti shares and D-Wave shares gained about 0.3% each.
The broader technology sector came under pressure after Broadcom issued forecasts that some investors viewed as underwhelming, triggering profit-taking across AI-linked stocks, particularly semiconductor names. The custom AI chipmaker projected $16 billion in AI chip revenue in the third quarter, below estimates of $17.2 billion, and kept its fiscal year 2027 outlook unchanged at $100 billion.
The Invesco QQQ Trust Series 1, which tracks Nasdaq stocks, declined 0.5% on Thursday, while the iShares Semiconductor ETF declined 2%.
Quantinuum Raises $1.68 Billion in Oversubscribed IPO
Quantinuum raised $1.68 billion in its IPO, which concluded Wednesday. The company sold 28 million shares for $60 each. The offering was increased from 26.5 million shares in a $53-$55-per-share price range and drew more than 20 times the demand for the shares available.
Quantinuum was formed in 2021 by combining Honeywell Quantum Solutions' hardware capabilities with Cambridge Quantum's software. The company booked a net loss of $136.6 million on net revenue of $5.2 million in 2025, according to its IPO filings.
Last month, the Donald Trump administration announced a $2 billion package aimed at boosting the U.S. quantum computing industry. Quantinuum is set to receive $100 million, while IBM will get $1 billion, the largest award in the package, to scale its quantum chip foundry.
FAQ
What was Quantinuum's closing price on its Nasdaq debut?
Quantinuum shares closed at $60.38 on Thursday in their Nasdaq Global Select Market debut, nearly unchanged from the IPO price of $60. The stock opened at $68 and reached an intraday high of $71.35.
How much did Quantinuum raise in its IPO?
Quantinuum raised $1.68 billion in its IPO, which concluded Wednesday. The company sold 28 million shares for $60 each, increased from an initial offering of 26.5 million shares in a $53-$55 price range. The offering drew more than 20 times the demand for available shares.
What funding did Quantinuum receive from the Trump administration?
Last month, the Donald Trump administration announced a $2 billion package for the U.S. quantum computing industry. Quantinuum is set to receive $100 million from this package, while IBM will receive $1 billion to scale its quantum chip foundry.
