==IonQ (IONQ) reported earnings on Wed 7 May 25 (a/h)

 

IonQ (IONQ) reported a smaller first quarter loss from a year earlier, in line with estimates, while revenue also met expectations. Further, IonQ announced two new acquisitions.

IonQ said it will acquire Lightsynq Technologies, a Boston-based startup founded by former Harvard University quantum memory experts. Also, IonQ said it has agreed to buy Capella Space. It called Capella a "a signals platform leader for top-secret government and commercial applications."

Meanwhile, IonQ this week completed the acquisition of a controlling stake in ID Quantique. Also, IonQ last year acquired a quantum networking company called Qubitekk.

Quantum Computing Stocks: IonQ Targets Networking

The company is expanding from quantum compute into building quantum key distribution (QKD) networks, eyeing U.S. government business. The quantum communications networks would include satellite to satellite links in space and satellite to ground station links.

"China has announced progress on QKD in space and is imperative for economic and national security that we lead in all dimensions, theaters and segments of quantum networking," said IonQ Chief Executive Niccolo de Masi on its earnings call with Wall Street analysts.

Cybersecurity is a growing concern. Quantum computers are expected to eventually overpower current data encryption technologies. And, hackers could make use of that capability. So quantum communications networks will be needed to support quantum computers located in data centers, analysts say.

Earnings this week : May 5 - 9, 25 (wk 19)

Monday (May 5)

• Morning: ARES BCRX BNTX CMI CNA FRPT HSIC IART JBTM NSSC OCUL ON PK RLJ RXRX TGTX TSN TWST ZBH
• Afternoon: ACM ADUS AESI AL AMRC BCC BFAM BRBR BRCC BWXT CBT CE CERT CLX CORT CRBG CTRA DENN DORM ETD EVER F FANG FN GBDC HIMS IAC ICHR INSP IPAR JELD KRC LMB LSCC LTC MAT MATX MWA NBIX NGVT NHI NJR NMFC NSA NVTS O OGS OTTR PAY PLMR PLOW PLTR PLYA PRAA PRIM RLAY RRX SBRA SNDX SUI TALO TDW TTAM UPWK VMEO VNO VNOM VRTX VVX WMB

Tuesday (May 6)

• Morning: ACLS ADM AEP AHCO ARMK AROC ARRY ATKR AVNS AVNT BALL BLD BTU CCCS CEG CIGI CRMD DCO DDOG DOCN DRVN DUK ENR ERJ EVGO FIS FWRG GENI GFS GPN HRMY INGR IPGP IQV IT J KBR KLG KNF KRYS KTB LCII LDOS LEA LMND LPX MAR MD MFA MPC MPLX MSGE NOVT NPO NWN OMCL PHG PINC PTLO SEDG SEE SHLS SHO SQNS SUN TDG THS ULS UNIT WAT WEC XMTR XPEL ZTS
• Afternoon: ACA AFG AGL AIZ ALAB ALGT AMD  AMTM ANDE ANET AZEK BL BWIN CC CDRE CHRD COTY CPAY CPNG CRC CRSR CRUS CYTK DEI DHT DVN EA ET EXPI FBIN FLYW GEN GO HALO HLIO HMN IFF INTA INVX JAMF JAZZ JJSF JKHY KGC KLIC KVYO LCID LITE LOPE MASI MOS MRC MRCY MTW MYGN NRDS OVV PARR POWL PTCT QLYS RARE RCUS RDFN REZI RIGL  RIVN RVLV SAFE SMCI SRPT SUPN TDC TEM UPST VOYA VRNS VSEC VSTS WTTR WY

Wednesday (May 7)

• Morning: ADNT APLS ASC AVA AVDL AVDX AXTA AZTA BAND BG BLMN BRKR BSY BWA CDW CEVA CNDT COR CRL CTRI DAY DIN DIS DK DNOW ELAN EMR ENTG EPC EYE FLEX FTS FVRR GEO GERN GOLD GOLF HAIN HNI JCI JLL KMT LFST LIVN LNTH MAGN MCFT MIDD MKTX NI NYT OC ODP ONC OSCR PAYO PFGC PGY PRGO ROK RXO RYTM SABR SHOO SHOP SWX TBLA TECH TEVA TPB TPG TRIP TRMB U UBER VERX VRSK
• Afternoon: ACAD ACVA ADMA ADTN AMC AMPL AOSL APA APP ARM ATO AWR AXON BBSI BGS BHF BKH BLBD BMBL BROS BTG BV BYND CAR CDE CENT CF CIVI CLF CMP COHR CON CORZ CPA CPK CSGS CTVA CVNA CW CXT CXW DASH DGII DOX ECPG EE EOLS EPR ERII ESE ESTA EVTC FLNC FLUT FNF FSK FSLY FTNT FWRD G GDRX GNK GT GXO HHH HLI HP HRB IIPR INFA IONQ JOBY JXN KAR KD KGS KMPR KNTK KTOS LB LEU LNW LZ MFC MGNI MIRM MKSI MQ MUR MUSA NATL OEC ORA OXY PAAS PAYC PBI PR PRI QDEL QGEN QNST QTWO RBA RDWR RELY RGLD ROOT RUN RVMD RXST SBGI SDGR SITM SNDK SONO STAA STR SWKS SYM TPC TTEK UGI USPH VAC VCYT VECO VIR VRRM VSH WES WTS Z

Thursday (May 8)

• Morning: ACIW ACMR ALE ALGM ALIT APPN ARHS ASPN ATHM ATUS BCE BIGC BUD CARS CCOI CG CHH CNR COLD COP CROX DNUT ENOV EPAM EVRG FA FUN GEL GPRE GTN HAE HBI HIMX IBP INSM INSW JBI KRP KVUE LAMR LGND LNC LNG LTH MBUU MDU MMS MTCH MTSI NABL NOMD NTCT NTLA NTR NVMI NXST OLPX OMI PBH PENN PLNT PLTK PRMB PRVA PTON PZZA QBTS QSR SCSC SGI SN SPB SPNS SRE SSYS STGW STVN TAP TGLS TGNA TIGO TPR USFD VCEL VITL VTRS VVV VYX WBD WMG WRBY WWW XRAY YETI YOU
• Afternoon: AAOI AFRM AGO AHR AKAM ALRM AMN ARLO ASTH ATGE AVPT BBDC BILL CARG CLNE CLSK COIN COLL CRNX DBX DH DIOD DKNG DV EVCM EVH EXPE FIGS FLWS FNKO FNV FOXF FROG FRT GDOT GMED HUBG HUBS ICUI ILMN INOD IOSP LASR LNT LPLA LYFT MARA MCHP MCK MELI MITK MP MTUS NET NTRA NWSA OLO ONTO OS OUST PARA PCRX PGNY PINS PODD POST PUBM RKLB RKT RNG RXT SG SOLV SOUN SPT ST SYNA TKO TMCI TMDX TOST TREX TTD TXG TXRH VCTR VREX WEST WOLF XPOF YELP ZD ZIP ZYME

Friday (May 9)

• Morning: AMCX AMR ANIP AQN CLMT EMBC ENB ESNT GOGO KOP KYMR PAA PAR PBA ROAD SLF SLVM STWD TXNM WULF
• Afternoon: HE

Quantum Computing

Quantum computing is widely considered a powerful and exciting technology poised to outperform what the industry refers to as classical computing. The technology operates based on the principles of subatomic physics. A quantum computer uses subatomic particles, such as protons and electrons, and can perform computations exponentially faster than traditional computers.

 

But unlike classical computing, some quantum computing systems require specialized environments, including the need to store the machines at extremely low temperatures. They are also known to be very expensive, although quantum computing players offer a range of options.

 

 

(Cori Lin/Onibaba Studio for Illinois Answers Project) 

The Year of Quantum Computing

Shares of IonQ rose in September 2024 after the company announced a $54.5 million contract with the U.S. Air Force Research Lab. Quantum computing stocks also rallied after Amazon announced its Quantum Embark Program, aimed at helping customers get ready for the technology.

The year closed with even bigger news. On Dec. 9, Google unveiled its latest quantum chip, called Willow. A week later, Quantum Computing Inc. announced that the National Aeronautics and Space Administration's Goddard Space Flight Center had awarded the company a quantum computing contract. The news sparked a rally not just in shares of Quantum Computing Inc., but also D-Wave, Rigetti and IonQ.

How Big Is Quantum Computing Market?

Quantum computing is projected to become a $90 billion to $170 billion market by 2040, according to a July 2024 Boston Consulting Group report.

 

Quantum Computing Stocks

• RGTI  Rigetti Computing 

• QBTS  D-Wave Quantum 

• IONQ  IonQ 

• QUBT Quantum Computing Inc. 

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