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Why IonQ Stock Skyrocketed Today

TheMotleyFool

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IonQ (NYSE: IONQ) stock saw a massive rally in Tuesday's trading. The company's share price closed out the day up 20.2% in a session that saw the S 500's level climb 1.1% and the Nasdaq Composite's level rise 1.9%.

The quantum-computing specialist's valuation bump was partially driven by bullish momentum for the broader market, but there was also some very promising business-specific news. Despite today's big rally, IonQ stock is still down roughly 56.5% from the high it reached last year.

Image source: Getty Images.

Source Fool.com

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