Why IonQ Stock Keeps Going Up

For the 4th time successful a row, IonQ (NYSE: IONQ) banal is flying.

Shares of the biggest sanction successful quantum computing systems (IonQ is worthy much than $13 billion, astir arsenic overmuch arsenic Rigetti Computing (NASDAQ: RGTI), D-Wave Quantum (NYSE: QBTS), and Quantum Computing (NASDAQ: QUBT) combined) soared 16.2% done 10:50 a.m. ET Wednesday connected a slew of bully news.

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As my chap Fool Keith Noonan pointed retired yesterday, IonQ conscionable won a declaration to make precocious quantum-computing systems for the U.S. Defense Advanced Research Projects Agency (DARPA -- the Pentagon's huffy scientists division).

IonQ didn't accidental however overmuch the Heterogeneous Architectures for Quantum (HARQ) programme volition beryllium worthy to it, and admittedly, DARPA contracts tin beryllium precise tiny to commencement with. They tin besides get precise large implicit time, however. DARPA, if you recall... invented the Internet.

The different large quality moving IonQ banal this week comes consecutive retired of Nvidia (NASDAQ: NVDA), which yesterday unveiled its Nvidia Ising AI exemplary for controlling quantum computers. Nvidia says its caller AI tin close quantum machine output errors up to 3x faster than accepted approaches.

Nvidia CEO Jensen Huang's extremity is to marque Nvidia's AI semiconductor chips "essential to making quantum computing practical," and thereby shoehorn Nvidia into a quantum computing marketplace estimated to beryllium worthy $11 cardinal annually by 2030.

That's bully quality for Nvidia investors. But if Nvidia Ising tin also reduce errors and marque quantum computing much reliable, it whitethorn beryllium large quality for quantum stocks similar IonQ arsenic well.

Tune successful to find retired conscionable however bully things whitethorn get aft marketplace adjacent connected May 6, erstwhile IonQ is owed to study its Q1 2026 earnings.

Before you bargain banal successful IonQ, see this:

The Motley Fool Stock Advisor expert squad conscionable identified what they judge are the 10 champion stocks for investors to bargain now… and IonQ wasn’t 1 of them. The 10 stocks that made the chopped could nutrient monster returns successful the coming years.

Consider erstwhile Netflix made this database connected December 17, 2004... if you invested $1,000 astatine the clip of our recommendation, you’d person $573,160!* Or erstwhile Nvidia made this database connected April 15, 2005... if you invested $1,000 astatine the clip of our recommendation, you’d person $1,204,712!*