What's Going On With IonQ Stock On Wednesday?

IonQ Inc. (NYSE:IONQ) shares were connected the emergence Wednesday pursuing quality of a strategical collaboration to revolutionize outer communications done quantum technology. The banal has fixed up gains since.

The institution announced a memorandum of knowing with South Korea-based Intellian Technologies Inc., a outer connectivity solutions firm.

The 2 firms volition jointly research however unafraid quantum networking tin alteration “satellite communications.”

As portion of the agreement, the 2 companies program to measure however quantum networking innovations tin fortify connection information crossed outer networks.

Also Read: Why Are US-Listed Chinese Stocks Falling On Wednesday?

We look guardant to moving with Intellian to innovate and observe however quantum networking technologies tin unafraid escaped communications,” said Niccolo de Masi, President and CEO of IonQ.

“We besides yet envisage quantum clip synchronization arsenic a GPS alternative,” de Masi added. The CEO besides reaffirmed the strategical value of South Korea to IonQ’s growth.

According to Benzinga Pro, IONQ banal has gained implicit 237% successful the past year. Investors tin summation vulnerability to the banal via Defiance Daily Target 2X Long IONQ ETF (NASDAQ:IONX).

Earlier this week, IonQ confirmed a concern with Japan’s Global Research and Development Center for Business by Quantum-AI Technology (G-QuAT).

G-QuAT is simply a cardinal part of the National Institute of Advanced Industrial Science and Technology (AIST). IonQ expects the concern to boost the improvement of quantum computing successful the Asia-Pacific region.

Price Action: IONQ shares are trading little by 1.70% to $24.97 astatine the past cheque connected Wednesday.

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