Why IonQ and Other Quantum Computing Stocks Soared Thursday



Shares of quantum computing companies rocketed higher Thursday, led by IonQ (IONQ), whose chief executive said it aims to become the Nvidia (NVDA) of quantum computing. 

IonQ shares popped close to 37% after CEO Niccolo de Masi said in an interview with Barron’s that his company is “in the business of quantum just like Nvidia and Broadcom are in the business of classical GPUs,” adding “I believe IonQ will be the Nvidia player.”

“There will be other people that copy us and follow us; they have always copied and followed us,” de Masi reportedly said.

Meanwhile, D-Wave Quantum (QBTS) stock jumped 24%. The company on Tuesday had unveiled its newest quantum computer, sending shares higher earlier in the week. CEO Alan Baratz said D-Wave’s machine, known as Advantage2, “marks a significant milestone not just for D-Wave, but for the quantum computing industry as a whole.”

Rigetti Computing (RGTI) also rose Thursday, adding 26%, while Quantum Computing (QUBT) climbed more than 14%.



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