Why IonQ Stock Is Skyrocketing Today
Shares of IonQ (NYSE: IONQ) are surging on Monday. The company's stock had gained 14.9% as of 10:40 a.m. ET but was up as much as 17.6% earlier in the day. The move up comes as the S 500 and Nasdaq Composite gained 1.4% and 1.9%, respectively.
The quantum computing company's stock got a boost after its executive chairman, Peter Chapman, made the rounds late last week, speaking to several financial media outlets.
Chapman appeared on Bloomberg Technology to address concerns that quantum computing is more than a decade away from viability in the market. While the advanced computing technology is still in development, Chapman told host Ed Ludlow that he believes it is just years away from disrupting modern computing, rather than a decade or more.
Source Fool.com
