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For more than 30 years, Cabling Installation & Maintenance has provided useful, practical information to professionals responsible for the specification, design, installation and management of structured cabling systems serving enterprise, data center and other environments. These professionals are challenged to stay informed of constantly evolving standards, system-design and installation approaches, product and system capabilities, technologies, as well as applications that rely on high-performance structured cabling systems. Our editors synthesize these complex issues into multiple information products. This portfolio of information products provides concrete detail that improves the efficiency of day-to-day operations, and equips cabling professionals with the perspective that enables strategic planning for networks’ optimum long-term performance.

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IonQ (IONQ) Stock Trades Up, Here Is Why

IONQ Cover Image

What Happened?

Shares of quantum computing company IonQ (NYSE: IONQ) jumped 4.7% in the morning session after a competitor's technical breakthrough lifted sentiment across the quantum computing sector. 

The broader quantum computing industry received a boost after Rigetti Computing announced it had achieved a significant technical milestone. The company reported it reached 99.5% median two-qubit gate fidelity on its new modular 36-qubit system, a key performance metric that represents a major reduction in error rates. While the news came from a competitor, such advancements are often viewed by investors as positive for the entire industry, suggesting that the path to commercially viable quantum computers is progressing. 

This "rising tide lifts all boats" sentiment appeared to benefit IonQ, as positive developments from any major player can increase confidence in the sector's long-term potential and technological feasibility. The news from Rigetti sent its own shares higher and created a ripple effect, with several other quantum computing stocks, including IonQ, trading in positive territory.

After the initial pop the shares cooled down to $42.38, up 2.2% from previous close.

Is now the time to buy IonQ? Access our full analysis report here, it’s free.

What Is The Market Telling Us

IonQ’s shares are extremely volatile and have had 111 moves greater than 5% over the last year. In that context, today’s move indicates the market considers this news meaningful but not something that would fundamentally change its perception of the business.

The biggest move we wrote about over the last year was about 2 months ago when the stock gained 36.3% on renewed enthusiasm for quantum computing following the sharp pullback in the first quarter of the year. 

While specific news for the day wasn't immediately apparent to have caused a major surge, the company has had a series of positive announcements, including strong Q1 2025 earnings that beat analyst estimates. 

Earlier in the week, the company announced a collaboration with Swedish company Einride to develop quantum solutions for fleet routing, logistics optimization, and supply chain solutions. This would also extend to Einride's autonomous and electric fleet operations worldwide, two of the fast evolving tech markets, which hold a lot of opportunities and growth potential. 

Adding to the optimism, the company's CEO reiterated its ambitious mission to become the 'Nvidia of quantum computing' in an interview with Barron's.

IonQ is down 1.7% since the beginning of the year, and at $42.38 per share, it is trading 17% below its 52-week high of $51.07 from January 2025. Investors who bought $1,000 worth of IonQ’s shares at the IPO in January 2021 would now be looking at an investment worth $3,924.

Do you want to know what moves the business you care about? Add them to your StockStory watchlist and every time a stock significantly moves, we provide you with a timely explanation straight to your inbox. It’s free and will only take you a second.

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