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IonQ shares rise about 12% premarket after the company demonstrated an end-to-end, real-time quantum error correction decoder running on a standard CPU.
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IonQ has received $7.5 million in additional funding from the U.S. Air Force Research Laboratory (AFRL) to further the development of its full-stack quantum networking technology.
IBM's core business remains stable with Q3 revenue up 5% to $17.1B and software revenue climbing 8%, but the company's quantum computing ambitions are viewed as the primary growth catalyst. IBM is developing fault-tolerant quantum computers using qLDPC error-correcting codes and has signed 16 enterprise quantum agreements this year. With a forward P/E of 19, the stock is valued at market multiples, and analysts view it as a good addition to a broader quantum computing portfolio.
IonQ, a quantum computing company using trapped ion qubit technology, is launching a new 256-qubit system in early 2027. While the quantum computing industry could reach $72 billion annually by 2035, analysis suggests IonQ would need to achieve a ~90x return to become a true millionaire-maker stock (100x threshold). The article concludes IonQ likely cannot deliver 100x returns within a decade, but could still generate market-beating returns if its technology succeeds.
Bank of America has initiated coverage of IonQ, Inc. with a Buy rating and a price target of $64.
D-Wave Quantum extends its SkyWater manufacturing partnership to boost next-gen quantum chip production. QBTS stock down 2%.
Quantum computing could hit a milestone by 2028. Compare QTUM’s diversified tech exposure with WQTM’s bets on IONQ and RGTI.