IonQ, Inc. (NYSE:IONQ) soared 7.38% on Monday to $44.94 per share after a US pension fund increased its exposure to quantum computing stocks like IonQ, D-Wave Quantum Inc. (NYSE:QBTS), and Rigetti Computing Inc. (NASDAQ:RGTI). The New Jersey State Pension Fund divested its stake in Alibaba Group Holding Ltd. (BABA) to make these investments, sparking a sector-wide buying spree. IonQ also filed for a prospectus for the sale of over 13 million common shares, with the company not receiving any proceeds from the sale. While IonQ shows promise, other AI stocks may offer higher returns with limited risks.

Read more at Yahoo Finance: IonQ (IONQ) Climbs 7.38% as US Pension Fund Raises Exposure to Quantum Computing