From Nasdaq: 2024-11-19 17:34:00

IonQ (NYSE: IONQ) stock surged 10.5% in Tuesday’s trading, driven by a successful demonstration of its quantum-computing hardware with Nvidia’s CUDA-Q software platform. With Nvidia’s upcoming earnings report, investors are hopeful for a potential collaboration with the AI leader.

Utilizing Nvidia’s software platform, IonQ showcases its potential in quantum computing. CUDA-Q allows developers to optimize GPUs, CPUs, and quantum processing units within a single quantum program, highlighting the synergy between the two companies.

IonQ’s stock has soared 119% in 2024, with a market cap of around $6 billion, valued at 145 times this year’s expected sales. While the company shows promise with technological advancements, investors should be cautious due to the speculative nature of quantum computing.

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Read more at Nasdaq: Why IonQ Stock Surged Today