IonQ stock surged due to rising investor interest in quantum computing

From Nasdaq: 2024-12-13 16:26:00

IonQ stock (NYSE: IONQ) surged 12.9% in Friday’s trading amidst rising investor interest in quantum-computing stocks. Alphabet’s Willow chip made headlines for completing a benchmark test that would take a supercomputer 10 septillion years. Despite initial dips, IonQ stock gained momentum, closing the week down 11.5%. The future impact of Google’s advancements on IonQ remains uncertain.

The technological breakthrough of Google’s Willow chip in quantum computing could potentially benefit IonQ in the future. With the ability to scale qubits while maintaining low error rates, IonQ may leverage this achievement or strive for similar results independently. While commercial applications are projected for 2030, the progress in quantum technology could drive IonQ stock higher with the potential for significant advancements in artificial intelligence.

Investors considering IonQ should note that The Motley Fool Stock Advisor did not include the stock in their list of 10 best stocks for potential high returns. The service has a proven track record of outperforming the S&P 500 and providing expert guidance on portfolio building. With historical success stories like Nvidia, investors may want to explore other top stock picks for long-term growth opportunities.



Read more at Nasdaq: Why IonQ Stock Surged Higher Today