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Why IonQ (IONQ) Stock Is Up Today

IONQ Cover Image

What Happened?

Shares of quantum computing company IonQ (NYSE: IONQ) jumped 7.1% in the afternoon session after an SEC filing revealed that Amazon has taken a $36.7 million equity stake in the quantum computing company. This strategic investment, disclosed in an SEC filing, is Amazon's first in a publicly traded quantum hardware company and solidifies IonQ's position as a key partner in the AWS Braket quantum cloud service. The move signals a strong vote of confidence from the cloud giant, aiming to accelerate the commercialization of quantum computing. The news amplifies existing positive momentum for IonQ, which recently reported second-quarter revenue that beat expectations and raised its full-year guidance. Further bolstering investor sentiment are recent comments from Microsoft's CEO, Satya Nadella, who called quantum computing the "next big accelerator in the cloud," underscoring the significant potential for industry leaders like IonQ, whose hardware is already available on major cloud platforms.

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 103 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 previous big move we wrote about was 10 days ago when the stock dropped 3% on the news that a surprisingly weak U.S. jobs report was released, fueling concerns about a slowing economy. The U.S. economy added only 73,000 jobs, falling significantly short of economists' expectations, while figures for May and June were revised down, erasing 258,000 previously reported jobs. The professional and business services industry itself shed 14,000 jobs. This data points to a cooling labor market, fueling concerns of a slowing economy. A weaker economic outlook often leads to reduced corporate spending on key services like IT consulting and professional staffing, which directly impacts the sector's revenue and growth prospects. The report immediately increased investor expectations of an interest rate cut by the Federal Reserve.

IonQ is up 3.6% since the beginning of the year, but at $44.67 per share, it is still trading 12.5% 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 $4,136.

Here at StockStory, we certainly understand the potential of thematic investing. Diverse winners from Microsoft (MSFT) to Alphabet (GOOG), Coca-Cola (KO) to Monster Beverage (MNST) could all have been identified as promising growth stories with a megatrend driving the growth. So, in that spirit, we’ve identified a relatively under-the-radar profitable growth stock benefiting from the rise of AI, available to you FREE via this link.

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