IonQ Shares Rise on D-Wave's Partnership News
Quantum computing stock IonQ (NYSE: IONQ) surged nearly 8.4% after rival company D-Wave Quantum announced a partnership with AT&T to use its quantum technology for network optimization tasks. The deal involves using annealing-based quantum computing to improve AI efficiency in managing data traffic and detecting outages. Although the news primarily benefited D-Wave, investors may have interpreted it as an indicator that other quantum firms like IonQ could also attract interest from telecom giants. However, analysts caution that such optimism is largely speculative at this stage, with most noting that IonQ remains years away from profitability and subject to high volatility. The Motley Fool's Stock Advisor team did not include IonQ in its latest list of top 10 stocks for long-term growth, suggesting the market may still be skeptical about near-term returns.
Topics: competitor partnership quantum computing stock price jump