Why Is IonQ Computing Stock Jumping Today?
Shares of IonQ (NYSE: IONQ) jumped 13.5% on Thursday before reversing, now up just 6% as of 2:27 p.m. ET. The spike comes as the S 500 (SNPINDEX: ^GSPC) and the Nasdaq Composite (NASDAQINDEX: ^IXIC) gained 0.6% and 0.9%, respectively.
The quantum computing company's stock skyrocketed following a Wall Street Journal report claiming the Trump administration was discussing taking ownership stakes in IonQ and similar companies.
But the stock is down significantly from its peak. Several news outlets, including Reuters, were unable to verify the WSJ report and were told by a U.S. Commerce Department official that the U.S. government is "not currently negotiating with any of the companies."
Source Fool.com
