Why Quantum Computing Stock IonQ Surged Higher This Week
Shares of quantum computing company IonQ (NYSE: IONQ) raced higher this week. The stock was up by 28.5% as of Friday morning, according to data provided by S&P Global Market Intelligence.
Many quantum computing stocks took off last year as investors hoped to get ahead of the crowd in what could be a transformational technology and stock sector. IonQ shares more than tripled in 2024, but reversed course to start the new year. The rebound this week came for a similar reason as the correction that occurred the week prior.
Last week at the CES conference in Las Vegas, Nvidia CEO Jensen Huang commented that practical quantum computers could still be 15 to 30 years away. That hit these high-flying stocks hard.
Source Fool.com
