Friday’s strong rebound in the technology stocks has investors driving quantum computing stocks higher.
Shares of IonQ, Inc. (IONQ) followed the buying trend as shares rallied more than 20% to new highs above $45.
IonQ, Inc. specializes in quantum computing using trapped-ion technology to create high-fidelity qubits for scalable, error-resistant systems.
Integrated with cloud platforms, IonQ facilitates applications in drug discovery, logistics optimization, and advanced AI. Its innovations aim to redefine computation, addressing challenges traditional systems cannot solve across scientific, industrial, and financial domains.
Investor’s rapidly increasing attention on quantum computing stocks have put shares of IONQ on a hot buying trend of late.
Over the last three months, shares of IONQ have rallied more than 450% as they have continued a volatility driven rally higher.
Two weeks ago, IonQ shares experienced a healthy correction as shares dropped more than 20% in just one week’s trading. That pullback found support at the stock’s 20-day moving average, referred to as the “Trader’s Trendline”.
Following the correction from overbought levels, IonQ shares continued their ascent from $30 to their current price of $46, a 50% climb in value.
Speculators are likely to continue bidding this and other quantum computing stocks higher as the industry is beginning to take center stage for speculators looking for the next technology innovation.
Shares of IONQ are in a bull market trend with a price target of $75.
