Is quantum computing on the verge of being the next big thing?IonQ (IONQ 12.80%) stock posted big gains in Friday's trading. The quantum-computing company's share price closed out the daily session up 12.9%. Meanwhile, the S&P 500 index ended the day roughly flat, and the Nasdaq Composite index closed out the session up 0.1%.IonQ stock gained ground today amid rising investor enthusiasm for quantum-computing stocks. The recent bullish surge in the space was kicked off earlier this week by the unveiling of A ...

Shares of some of the market's hottest stocks took a big step back this week as investors reconsidered whether these stocks have run too far too fast in 2024.According to data provided by S&P Global Market Intelligence, shares of IonQ (IONQ 12.67%) fell as much as 22.3% this week, AppLovin (APP -0.19%) dropped 20%, and BigBear.ai (BBAI -4.51%) fell 28.4%. As of Friday at 2:30 p.m. ET, these three stocks were down 12.2%, 19.2%, and 26.9%, respectively.The hottest stocks on the marketIt's worth looking at how ...

MIAMI, Dec. 13, 2024 (GLOBE NEWSWIRE) -- Defiance ETFs is thrilled to announce that QTUM - Defiance Quantum Computing ETF has reached a major milestone, surpassing $400 million in assets under management (AUM) — a testament to the growing momentum behind quantum computing. QTUM, up 40%+ YTD as of 12/11/2024, is the first ETF dedicated to quantum computing, giving investors exposure to the companies building the computational backbone of the AI age. With holdings in industry leaders like D-Wave Quantum (NYSE ...

IonQ stock has surged this year, and the company's focus on quantum computing could make it a lucrative long-term investment.Over the last two years, much of the dialogue surrounding artificial intelligence (AI) has been focused on one core type of computing hardware: graphics processing units (GPUs). The parallel processing capacities of these chips make them particularly well suited to the development and deployment of generative AI. For now, Nvidia is the biggest player in the data center GPU space, with ...

Core Viewpoint - The article expresses a positive outlook on IonQ, Inc. (NYSE: IONQ), highlighting a bullish sentiment that emerged after a perceived overreaction in the market sell-off earlier this year [1]. Company Summary - IonQ, Inc. is a company that has garnered attention for its potential in the quantum computing sector, with the analyst indicating a long position in the stock [2]. - The analyst has a background in equity analysis and investment research, with a focus on small-cap stocks that are often overlooked by Wall Street [1]. Analyst Background - The analyst has over 10 years of experience in the investment industry and is a CFA Level III candidate, indicating a strong foundation in financial analysis [1]. - The analyst's work has been featured on major financial platforms such as CNBC, Bloomberg, Nasdaq, and Yahoo Finance, showcasing credibility and reach in the investment community [1].

Despite IonQ's (IONQ) impressive 164.6% year-to-date rally, outperforming the Zacks Computer and Technology sector’s return of 29.8%, mounting concerns about the quantum computing company's financial sustainability and valuation suggest investors should consider taking profits. While the company's recent third-quarter results showed promising revenue growth, reaching $12.4 million and exceeding guidance, deeper analysis reveals concerning fundamentals that could spell trouble ahead. The company's net loss w ...

IonQ Inc. (IONQ) IonQ Inc. (IONQ) recently unveiled its next-generation quantum operating system, IonQ Quantum OS, along with the IonQ Hybrid Services suite, which aims to enhance the performance and utility of quantum computing for enterprise customers.Major Takeaways From IONQ’s New LaunchesIonQ’s state-of-the-art Quantum OS completely overhauls its original quantum operating system. With a flexible and modular design, this new OS is built to scale with the hybrid quantum computing ecosystem, powering its ...

The recommendations of Wall Street analysts are often relied on by investors when deciding whether to buy, sell, or hold a stock. Media reports about these brokerage-firm-employed (or sell-side) analysts changing their ratings often affect a stock's price. Do they really matter, though?Let's take a look at what these Wall Street heavyweights have to say about IonQ, Inc. (IONQ) before we discuss the reliability of brokerage recommendations and how to use them to your advantage.IonQ currently has an average b ...

Why did Nvidia's Q3 report cause big stock gains for IonQ?IonQ (IONQ 13.58%) stock posted another day of huge gains in Thursday's trading. The quantum-computing company's share price closed out the daily session up 13.5% and had been up as much as 17% earlier in the day.IonQ's big gains today are connected to Nvidia's (NVDA 0.54%) recent third-quarter earnings report, which saw the artificial intelligence (AI) leader post sales, earnings, and forward guidance that beat Wall Street's expectations. Despite sl ...

Shares of the quantum computing pioneer are soaring in response to the positive investor update.*Stock prices used were the afternoon prices of Nov. 12, 2024. The video was published on Nov. 14, 2024. ...