Quantum computing is an emerging technology that has the potential to solve the world's most complex problems that are beyond today's computers. Building quantum computers is challenging due to several factors that limit usefulness in real-world applications. IonQ is the most promising commercially viable player, with a compelling roadmap backed by its advances in quantum networking and a scalable architecture.
IonQ, Inc. (NYSE:IONQ ) Morgan Stanley Technology, Media & Telecom Conference March 4, 2025 4:50 PM ET Company Participants Niccolo de Masi - President and CEO Conference Call Participants Joseph Moore - Morgan Stanley Joseph Moore All right. Welcome back, everybody.
Shares of IonQ (IONQ -3.29%) fell 37.8% in February 2025, according to data from S&P Global Market Intelligence. The quantum computing researcher soared in fall 2024 thanks to a seemingly game-changing technology achievement by a larger competitor, but lost momentum in January as quantum fans were reminded that truly usable machines are many years away.
IonQ (IONQ) has been upgraded to a Zacks Rank #2 (Buy), reflecting growing optimism about the company's earnings prospects. This might drive the stock higher in the near term.
Shares of IonQ (IONQ -5.88%) had lost 6.3% as of noon ET today. The drop came as the S&P 500 (^GSPC) lost 1.5%, and the Nasdaq Composite (^IXIC) lost 1%.
Two high-flying artificial intelligence (AI) stocks that have been front of mind for investors recently are IonQ (IONQ -5.94%) and Nvidia (NVDA -8.69%). Semiconductor company Nvidia has soared 53% over the past year as companies have clamored for its processors amid rising AI demand.
IonQ continues to decline due to fading quantum computing hype and self-inflicted setbacks, despite impressive revenue growth from 2023 levels. The company guided to sequentially lower Q1 revenue and stopped reporting bookings, raising doubts about its ambitious $1 billion sales goal by 2030. CEO Peter Chapman's move to Executive Chairman and the decision to raise another $500 million have further shaken investor confidence.
Investors often turn to recommendations made by Wall Street analysts before making a Buy, Sell, or Hold decision about a stock. While media reports about rating changes by these brokerage-firm employed (or sell-side) analysts often affect a stock's price, do they really matter?
Thursday was a rough day to own stock in quantum computing stock IonQ (NYSE: IONQ).
Nvidia Corp NVDA CEO Jensen Huang might be all-in on GPUs, but IonQ Inc's IONQ CEO Niccolo De Masi says quantum computing is the next big thing—and he's not backing down.
IONQ's IDQ acquisition boosts its quantum portfolio, but losses continue. New buyers may find better entry points as integration progresses in 2025.
Niccolo De Masi, IonQ president and CEO, joins 'The Exchange' to discuss how De Masi became chief executive, what the company does, and much more.