NEW YORK, NY – November 03, 2023- Quantum computing company, IonQ, Inc. is currently trading the highest volume of shares (~5.7M) in the PRISM Emerging NextGen Tech Index and has an intraday return of approximately 4.5%. IonQ is at the forefront of the quantum computing revolution and has the potential to revolutionize various industries including cryptography, materials science, drug discovery, and can address optimization problems. The company’s computers can be accessed through cloud platforms such as Amazon Web Services (AWS) Amazon Braket, Microsoft’s Azure Quantum, and Google’s Cloud Marketplace, as well as through its cloud service.
Most recently, IonQ announced that it achieved a significant milestone as it reported 29 algorithmic qubits on a barium platform for the first time. This is a key accomplishment as the company progresses in its goal of developing systems with commercial quantum capabilities. In addition to this achievement, IonQ announced a new $25.5M quantum deal with the US Airforce Research Lab. Through the expansion of this relationship the dual parties intend to deploy two barium-based trapped ion quantum computing systems for quantum networking research and application development. Next week, the company intends to announce 3Q financial results after the US stock market closes on Wednesday, November 8th which, will be followed by a conference call at 4:30pm EST.
IonQ is currently trading at approximately $11.00 per share which resides close to the midpoint of its 52-week range ($3.04 – $21.60) with a market cap of 2.4Bn.
For a full list of NextGen Tech companies or to explore other PRISM Emerging Indices, follow PRISM MarketView.
About PRISM MarketView:
Established in 2020, PRISM MarketView is dedicated to the monitoring and analysis of small cap stocks in burgeoning sectors. We deliver up-to-the-minute financial market news, provide comprehensive investor tools and foster a dynamic investor community. Central to our offerings are proprietary indexes that observe emerging sectors, including biotech, clean energy, next-generation tech, medical devices and beyond. Visit us at prismmarketview.com and follow us on Twitter.
PRISM MarketView does not provide investment advice.
(By Ashlee Vogenthaler)
Contact:
PRISM MarketView
646-863-6341
Media Contact
Company Name: Prism MarketView
Contact Person: Media Relations
Email: Send Email
Phone: 646-863-6341
Country: United States
Website: https://prismmarketview.com