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- IonQ (NYSE:IONQ) shares jumped more than 14% on Thursday after CEO Niccolo de Masi told Barron’s it wants to become the Nvidia (NASDAQ:NVDA) of quantum computing.
- “We’re in the business of quantum just like Nvidia and Broadcom are in the business of classical GPUs,” de Masi told the news outlet. “I believe IonQ will be the Nvidia player. There will be other people that copy us and follow us; they have always copied and followed us.”
- “We feel good about our competitive positioning because, at the end of the day, we are trying to drive ecosystem,” de Masi added.
- Shares of other quantum computing stocks also rose on Thursday, including Quantum Computing (QUBT), D-Wave Quantum (QBTS) and Arqit Quantum (ARQQ). IonQ shares are down 11% year-to-date, but have gained 344% over the past 12 months.
- Investor interest in the sector surged last year after Google (GOOG) (GOOGL) unveiled its quantum computing chip, code-named Willow. Since then, Microsoft (MSFT) and Amazon (AMZN) have introduced quantum computing chips of their own.