Why IonQ Stock Surged Today
IonQ (NYSE: IONQ) stock posted big gains in Tuesday's trading. The quantum-computing company's share price closed out the session up 10.5% and had been up as much as 12.2% earlier in the day's trading.
Yesterday, IonQ published a press release announcing that it had completed a demonstration of its quantum-computing hardware with Nvidia's CUDA-Q software platform. With Nvidia gearing up to release its third-quarter earnings results and host a conference call tomorrow, investors may be hoping that the artificial intelligence (AI) leader will share some details about a potential collaboration with IonQ.
Nvidia's CUDA platform is the primary software interface used for getting the most out of the company's graphics processing units (GPUs) for AI applications. Meanwhile, CUDA-Q is a hybrid platform that allows developers to take advantage of GPUs, central processing units (CPUs), and quantum processing units within a single quantum program.
Source Fool.com
