IonQ: Quantum Networking Milestones Spark A Bull Run

Summary:

• IonQ is targeting leadership in quantum networking, with two big milestones achieved this year. The company is just two milestones away from developing scalable photonic interconnects.
• Acquiring Qubitekk adds 118 patents and strengthens IonQ’s position in the growing quantum communication market.
• Partnerships with NKT Photonics, Imec, AstraZeneca, and Ansys expand the company’s market reach, particularly in telecom, biopharma, and engineering.
• Risks include insider selling, technical challenges in qubit stability, and strong competition from big players, like IBM and Google.
• I rate IonQ a strong buy due to its progress in the $36 billion quantum networking market, strategic partnerships, and decent contracts with the AFRL and ARLIS.

IonQ, Inc. (NYSE:IONQ) has seen its share price increase by over 50% in just two days following the release of Q3 2024 earnings results.

In this article, I will go over the key factors driving the recent increase in

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