Quantum stocks have seen a notable surge recently, buoyed by news and market momentum.
Let’s explore the current happenings in the quantum computing sector.
IONQ – IONQ
Last Friday, IONQ, Inc. (Aeon Q) announced it received regulatory approval from the UK Investment Security Unit for its intended acquisition of Oxford Ionics.
Earlier this month, the company also launched IONQ FEDERAL, a branch focused on integrating quantum networking and computing services for the U.S. government and its allies.
On Monday, several analysts provided updates on IONQ stocks.
- Needham’s N. Quinn Bolton maintained a buy rating, increasing the price target from $60 to $80.
- Cantor Fitzgerald kept an overweight rating, raising the target from $45 to $60.
- B. Riley Securities reiterated its buy rating, increasing the target from $61 to $75.
- Rosenblatt’s Kevin Garrigan maintained a buy rating, holding onto a $70 price target.
According to data from Benzinga Pro, IONQ stock has risen by 45% over the past five days.
Quera Computing, Nvidia – NVDA
Nvidia Corp. (NVDA) has made a new investment in Quera Computing, boosting a funding round to a total of $230 million.
CEO Andy Ollie mentioned, “We are collaborating with Nvidia to combine a scalable neutral atom architecture with an accelerated computing stack to expedite the development of practical quantum machines.”
He added that this investment deepens their cooperation, emphasizing the belief that hybrid quantum systems will deliver substantial value to customers sooner than anticipated.
D-Wave – QBTS, Rigetti – RGTI, Quantum Computing – QUBT
D-Wave Quantum, Inc. (QBTS) has increased by 18%, while Rigetti Computing, Inc. (RGTI) experienced a nearly 30% rise in its stock over the past five days, adding momentum to the sector.
Quantum Computing, Inc. (QUBT) also saw its stock rise by 12.8% during the same timeframe, according to Benzinga Pro.
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