Why IonQ Stock Is Surging Today
IonQ (NYSE: IONQ) stock is posting big gains in Friday's trading despite sell-offs for the broader market. The quantum computing specialist's share price was up 7.2% as of 2:45 p.m. ET and had been up as much as 12.3% earlier in the session. Meanwhile, the S 500 index and the Nasdaq Composite index were both down 1.4%.
IonQ saw big sell-offs earlier this week after Nvidia (NASDAQ: NVDA) CEO said he thought it was unlikely that a very useful quantum computer would be ready within the next 15 years. But IonQ's management released a statement on its outlook for the commercialization of quantum technologies today, and the stock is rebounding thanks to the more reassuring view.
Quantum computing stocks saw massive valuation pullbacks earlier this week after Nvidia's Jensen Huang made comments about the technology earlier this week. Huang said the following at an event for analysts at this year's CES conference: "If you kind of said 15 years, that'd probably be on the early side. If you said 30, it's probably on the late side. But if you picked 20, I think a whole bunch of us would believe it."
Source Fool.com
