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Jim Cramer backs away from IonQ amid rising-rate concerns
IonQ shares were $33.03 as of reporting, down 3.1% on the day and 24.1% year to date, while the company posted 2026 Q1 revenue growth of 755% and raised its full-year guidance.
Yahoo Finance reports that Jim Cramer said he is steering clear of IonQ, citing the way higher interest rates can pressure high-growth, long-duration valuation models. In his view, rate pressure makes the stock harder to own.
The article notes that as of the time of reporting, IonQ was trading at $33.03, down 3.11% on the session and down 24.07% year to date versus the S&P 500 gain of 8.22%. It also points out the stock peaked near $72 in late May before falling by more than half in roughly two months.
According to the piece, the concern is tied to IonQ’s profitability runway, with the company expected to record a full-year 2026 Adjusted EBITDA loss of $310 million to $330 million on $260 million to $270 million in revenue. The article also highlights that the rate-sensitivity argument is central to how such companies are valued when future cash flows are discounted.
Despite Cramer’s macro stance, the article says IonQ’s fundamentals showed momentum, with Q1 2026 revenue of $64.7 million, up 755% year over year, and 30% above the midpoint of guidance. It adds that IonQ raised its full-year revenue guidance to $260 million to $270 million, implying organic growth of more than 100% year over year.
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