Why Quantum Computing Stock IonQ Soared This Week
Stocks in the quantum computing sector soared in 2024. One of the leaders was IonQ (NYSE: IONQ) with a massive 237% gain. It's been a different story so far this year though. IonQ shares are down by 43% year to date.
But shares are rebounding this week. IonQ stock was up double-digits before paring some of those gains in late trading Thursday. As of that time, shares remained higher for the week by 8.2%, according to data provided by S&P Global Market Intelligence.
Much of the 2025 lull came after Nvidia CEO Jensen Huang threw water on the quantum computing fire. He sent quantum computing stocks reeling earlier this year at the CES conference by saying "very useful" quantum computers were still at least 15 years away.
Source Fool.com
