Latest news with #NiccolodeMasi
Yahoo
7 days ago
- Business
- Yahoo
Texas Just Passed Quantum Computing Legislation. How Should You Play IONQ Stock Here?
IonQ (IONQ) stock surged nearly 7% on June 30 following the Texas state legislature's passage of the Texas Quantum Initiative. IonQ actively supported this legislation to establish the state as a hub for quantum technology. The bill mandates the development of a strategic plan to advance quantum computing, networking, and sensing technologies across Texas. Representative Giovanni Capriglione emphasized that quantum technology is 'quickly becoming a reality' with applications spanning national security, manufacturing, pharmaceuticals, and critical infrastructure. The initiative aims to accelerate the integration of quantum technology into Texas' economy while fostering innovation. Nvidia Scores Another Sovereign AI Win. How Should You Play NVDA Stock Here? Dear Amazon Stock Fans, Mark Your Calendars for July 8 Vanguard Just Bought More SoundHound Stock. Should You? Stop Missing Market Moves: Get the FREE Barchart Brief – your midday dose of stock movers, trending sectors, and actionable trade ideas, delivered right to your inbox. Sign Up Now! IonQ CEO Niccolo de Masi expressed enthusiasm about collaborating with Texas leaders, universities, and industry partners to drive the development of quantum-powered solutions. The positive momentum extended beyond IonQ, with rivals Rigetti Computing (RGTI) and Quantum Computing (QUBT) also posting gains. This bill represents a potential catalyst for IonQ stock, which has spent most of 2025 in negative territory. The quantum computing stock has now turned positive for the year following the announcement from Texas. State-level support could accelerate the adoption of quantum technology and provide IonQ with strategic partnerships and revenue opportunities. However, quantum computing remains in the early stages of commercialization, with uncertain timelines for widespread adoption. While Texas's commitment signals growing institutional support, investors should weigh the long-term potential against current execution risks and market volatility in the quantum sector. IonQ outlined an aggressive expansion strategy during its recent webinar, announcing its intention to acquire Oxford Ionics, alongside the completion of the Lightsynq acquisition. These expansion plans are expected to accelerate the quantum company's roadmap toward large-scale, fault-tolerant quantum computing. The combined technologies promise dramatic scaling improvements. IonQ now projects 10,000 physical qubits on a single chip by 2027, expanding to 20,000 qubits across two interconnected chips by 2028. Most remarkably, it targets over 2 million physical qubits, translating to 80,000 logical qubits by 2030, figures that CEO Niccolo de Masi claims are 'leagues ahead' of competitors. Near-term commercial validation continues to strengthen IonQ's position. The company demonstrated a 20-fold increase in speed in pharmaceutical computations with AstraZeneca (AZN), using just 36 qubits, while partnerships with Ansys (ANSS) showed 12% improvements in simulation performance. These early wins demonstrate a quantum advantage before full fault tolerance is achieved. For investors, these acquisitions are evidence of a strong partnership ecosystem that provides additional competitive advantages as quantum computing transitions from research to commercial reality. IonQ is part of a rapidly expanding addressable market and is forecast to increase sales from $43 million in 2024 to $750 million in 2029. While still unprofitable, its losses are estimated to narrow to $48.6 million in 2029, from $214 million in 2024. Out of the six analysts covering IONQ stock, four recommend 'Strong Buy,' one recommends 'Moderate Buy,' and one recommends 'Hold.' The average target price for the quantum computing stock is $42.50, which is below the current trading price. On the date of publication, Aditya Raghunath did not have (either directly or indirectly) positions in any of the securities mentioned in this article. All information and data in this article is solely for informational purposes. This article was originally published on
Business Wire
7 days ago
- Business
- Business Wire
KISTI Secures Funding for National Quantum Center of Excellence; Names IonQ as Primary Quantum Partner
COLLEGE PARK, Md.--(BUSINESS WIRE)--IonQ (NYSE: IONQ), a leading commercial quantum computing and networking company, today extended its congratulations to the Korea Institute of Science and Technology Information (KISTI) on securing a multi-million dollar government award through the 'Quantum Computing Service and Utilization System Construction Project.' This initiative marks a pivotal step toward establishing South Korea's first National Quantum Computing Center of Excellence. KISTI will lead the development and operation of a quantum computing service and research platform designed to support both academic and enterprise applications. KISTI has identified IonQ as the primary quantum technology provider for the project, alongside Megazone Cloud, one of South Korea's leading cloud service and infrastructure providers. Under an expected contract to be concluded with KISTI, IonQ expects to deliver an advanced 100-qubit quantum system for the initiative, to enable leading edge research and industrially relevant quantum computing capabilities. Together, IonQ and KISTI intend to develop a hybrid quantum-classical execution environment, integrating next-generation quantum systems into a private cloud for remote access. 'We will be honored to support KISTI's pioneering efforts to establish a world-leading quantum service infrastructure in Korea,' said Niccolo de Masi, CEO of IonQ. 'This project is a significant investment in Korea's research and innovation ecosystem, and we are proud to have been identified by KISTI to provide the technology and expertise to help realize its full potential.' 'Thanks to the partnership with IonQ, we expect to accumulate experience in the operation, service, and utilization of quantum platforms nationwide,' said Dr. Sik Lee, KISTI President. 'We will also strive to contribute to the development of quantum computer utilization research and the industrial ecosystem in Korea.' This announcement builds on IonQ and KISTI's ongoing collaboration, including a recently signed memorandum of understanding (MoU) to jointly advance South Korea's leadership in the global quantum economy. IonQ also continues to expand its footprint in the region through its work with Hyundai, SKT, Intellian Technologies and leading academic institutions such as Seoul National University and Sungkyunkwan University. About IonQ IonQ, Inc. [NYSE: IONQ] is a leading commercial quantum computing and networking company, delivering high-performance systems aimed at solving the world's most complex problems. IonQ's current generation quantum computers, IonQ Forte and IonQ Forte Enterprise, are the latest in a line of cutting-edge systems that have been helping customers and partners such as Amazon Web Services, AstraZeneca, and NVIDIA achieve 20x performance results. The company is accelerating its technology roadmap and intends to deliver the world's most powerful quantum computers with 2 million qubits by 2030 to accelerate innovation in drug discovery, materials science, financial modeling, logistics, cybersecurity, and defense. IonQ's advancements in quantum networking also positions the company as a leader in building the quantum internet. The company's innovative technology and rapid growth were recognized in Newsweek's 2025 Excellence Index 1000, Forbes' 2025 Most Successful Mid-Cap Companies list, and Built In's 2025 100 Best Midsize Places to Work in Washington DC and Seattle, respectively. Available through all major cloud providers, IonQ is making quantum computing more accessible and impactful than ever before. Learn more at IonQ Forward-Looking Statements This press release contains certain forward-looking statements within the meaning of Section 27A of the Securities Act of 1933, as amended, and Section 21E of the Securities Exchange Act of 1934, as amended. Some of the forward-looking statements can be identified by the use of forward-looking words. Statements that are not historical in nature, including the words 'will,' 'expected,' 'expects,' 'intend to,' 'continues' and other similar expressions are intended to identify forward-looking statements. These statements include those related to IonQ's delivery of quantum computing capabilities for the referenced project; IonQ's and KISTI's expected work together on the project; KISTI and IonQ entering into a binding agreement related to the referenced project; the expected benefits of IonQ's quantum computing capabilities; and KISTI and IonQ entering into a binding contract related to the referenced project. Forward-looking statements are predictions, projections, and other statements about future events that are based on current expectations and assumptions and, as a result, are subject to risks and uncertainties. Many factors could cause actual future events to differ materially from the forward-looking statements in this press release, including but not limited to: IonQ's ability to implement its technical roadmap; changes in the competitive industries in which IonQ operates, including development of competing technologies; IonQ's ability to deliver, and customers' ability to generate, value from IonQ's offerings; changes in laws and regulations affecting IonQ's and its suppliers' businesses; IonQ's ability to implement its business plans, forecasts, roadmaps and other expectations, to identify and realize partnerships and opportunities, and to engage new and existing customers; IonQ's ability to effectively enter new markets; IonQ's ability to deliver services and products within currently anticipated timelines; IonQ's inability to attract and retain key personnel. You should carefully consider the foregoing factors and the other risks and uncertainties disclosed in the Company's filings, including but not limited to those described in the 'Risk Factors' section of IonQ's most recent periodic financial report (10-Q or 10-K) filed by IonQ with the Securities and Exchange Commission. These filings identify and address other important risks and uncertainties that could cause actual events and results to differ materially from those contained in the forward-looking statements. Forward-looking statements speak only as of the date they are made. Readers are cautioned not to put undue reliance on forward-looking statements, and IonQ assumes no obligation and does not intend to update or revise these forward-looking statements, whether as a result of new information, future events, or otherwise. IonQ does not give any assurance that it will achieve its expectations. IonQ may or may not choose to practice or otherwise use the inventions described in the issued patents in the future.
Yahoo
08-07-2025
- Business
- Yahoo
IonQ price target raised to $55 from $50 at Benchmark
Benchmark analyst David Williams raised the firm's price target on IonQ (IONQ) to $55 from $50 and keeps a Buy rating on the shares after having recently hosted a fireside chat with CEO Niccolo de Masi and CFO Thomas Kramer. IonQ is positioning itself as 'a leader in both quantum computing and the increasingly critical field of quantum networking,' contends the analyst, who believes the company has the most commercial business model and differentiated go to market strategy among peers. Take advantage of TipRanks Premium at 50% off! Unlock powerful investing tools, advanced data, and expert analyst insights to help you invest with confidence. Make smarter investment decisions with TipRanks' Smart Investor Picks, delivered to your inbox every week. Published first on TheFly – the ultimate source for real-time, market-moving breaking financial news. Try Now>> See Insiders' Hot Stocks on TipRanks >> Read More on IONQ: Disclaimer & DisclosureReport an Issue IonQ's Strategic Positioning and Growth Potential in Quantum Computing: A Buy Rating Analysis Analysts Say Buy IonQ Stock, but Is Any Upside Really Left? Black Diamond, Nike, Apple, Block, IonQ: Trending by Analysts Mixed options sentiment in IONQ with shares down 0.89% Quantum Computing Stocks QBTS and IONQ Rally as Cantor Assigns 'Buy' Rating Error in retrieving data Sign in to access your portfolio Error in retrieving data Error in retrieving data Error in retrieving data Error in retrieving data
Business Wire
07-07-2025
- Business
- Business Wire
IonQ Announces Pricing of $1.0 Billion Equity Offering
COLLEGE PARK, Md.--(BUSINESS WIRE)--IonQ, Inc. (NYSE: IONQ) ('IonQ' or the 'Company'), a leading commercial quantum computing and networking company, today announced the pricing of a $1.0 billion equity offering consisting of 14,165,708 shares of IonQ's common stock, each at $55.49 per share, and pre-funded warrants to purchase 3,855,557 shares of IonQ's common stock, each at $55.49 per pre-funded warrant, each representing a premium of about 25% to IonQ's closing stock price on July 3, 2025, as well as seven-year warrants to purchase 36,042,530 additional shares of IonQ's common stock, for no additional consideration, at an exercise price of $99.88 per share. The securities offered will be purchased from the underwriter by Heights Capital Management, Inc. (the 'investor'). Niccolo de Masi, President and CEO, of IonQ said, 'IonQ is well-capitalized with a strong cash position and has been rapidly expanding our ecosystem as we execute against our global quantum computing and networking strategy. We believe this is the largest common-stock single-institutional investment in the history of the quantum industry. It is a tremendous validation of our technical momentum, recent acquisitions, IP, and talent density. With this transaction, IonQ will benefit from a balance sheet of approximately $1.68 billion of pro-forma cash as of March 31, 2025, underwriting our sustained growth and pioneering quantum commercialization worldwide.' J.P. Morgan acted as the sole underwriter in the transaction. Paul, Weiss, Rifkind, Wharton & Garrison LLP served as legal counsel to IonQ. Simpson Thacher & Bartlett LLP acted as legal counsel to J.P. Morgan. Skadden, Arps, Slate, Meagher & Flom LLP acted as legal counsel to the investor. A shelf registration statement (including a prospectus) relating to these securities has been filed with the Securities and Exchange Commission ('SEC') and is effective. Before investing, interested parties should read the prospectus supplement and accompanying prospectus and other documents filed with the SEC for information about IonQ and this offering. You may get these documents for free by visiting EDGAR on the SEC website at Alternatively, a copy may be obtained from J.P. Morgan Securities LLC, 383 Madison Avenue, New York, NY 10179, or by email at prospectus-eq_fi@ or postsalemanualrequests@ This press release shall not constitute an offer to sell or the solicitation of an offer to buy securities, nor shall there be any sale of these securities in any state or jurisdiction in which such offer, solicitation or sale would be unlawful prior to registration or qualification under the securities laws of any such state or jurisdiction. Any offers, solicitations or offers to buy, or any sales of securities will be made in accordance with the registration requirements of the Securities Act of 1933, as amended. About IonQ IonQ, Inc. (NYSE: IONQ) is a leading commercial quantum computing and networking company, delivering high-performance systems aimed at solving the world's most complex problems. IonQ's current generation quantum computers, IonQ Forte and IonQ Forte Enterprise, are the latest in a line of cutting-edge systems that have been helping customers and partners such as Amazon Web Services, AstraZeneca and NVIDIA achieve 20x performance results. The company is accelerating its technology roadmap and intends to deliver the world's most powerful quantum computers with 2M qubits by 2030 to accelerate innovation in drug discovery, materials science, financial modeling, logistics, chemistry, aerospace, cybersecurity and defense. The company's innovative technology and rapid growth were recognized in Newsweek's 2025 Excellence Index 1000, Forbes' 2025 Most Successful Mid-Cap Companies list, and Built In's 2025 100 Best Midsize Places to Work in Washington DC and Seattle, respectively. Available through all major cloud providers, IonQ is making quantum computing more accessible and impactful than ever before. IonQ's quantum networking solutions are used by many of the world's household-name telcos and financial institutions. IonQ Forward-Looking Statements This press release contains certain forward-looking statements within the meaning of Section 27A of the Securities Act of 1933, as amended, and Section 21E of the Securities Exchange Act of 1934, as amended. Some of the forward-looking statements can be identified by the use of forward-looking words. Statements that are not historical in nature, including the words 'pending,' 'look forward,' 'accelerate,' 'anticipate,' 'expect,' 'suggests,' 'plan,' 'believe,' 'intend,' 'estimates,' 'targets,' 'projects,' 'should,' 'could,' 'would,' 'may,' 'will,' 'forecast,' 'offers' and other similar expressions are intended to identify forward-looking statements. These statements include those related to IonQ's position in the quantum computing and networking sector; the efficacy of new applications of quantum computing; future investments in IonQ and its cash position; IonQ's ability to execute against its strategy; IonQ's brand, momentum and business and greater flexibility for growth and expansion; IonQ's ability to generate near- and long-term value; advancement of quantum networking technology; the Company's technology driving commercial applications in the future; and the Company's future financial and operating performance. Forward-looking statements are predictions, projections and other statements about future events that are based on current expectations and assumptions and, as a result, are subject to risks and uncertainties. Many factors could cause actual future events to differ materially from the forward-looking statements in this press release, including but not limited to: IonQ's ability to implement its technical roadmap; changes in the competitive industries in which IonQ operates, including development of competing technologies; IonQ's ability to deliver, and customers' ability to generate, value from IonQ's offerings; IonQ's ability to deliver higher speed and fidelity gates with fewer errors, enhance information transfer and network accuracy, or reduce noise and errors; IonQ's ability to sell effectively to government entities and large enterprises; changes in laws and regulations affecting IonQ's and its suppliers' businesses; IonQ's ability to implement its business plans, forecasts and other expectations, to identify and realize partnerships and opportunities, and to engage new and existing customers; IonQ's ability to effectively integrate its acquisitions; its inability to effectively enter new markets; IonQ's ability to deliver services and products within currently anticipated timelines; its inability to attract and retain key personnel including personnel of acquired companies; the conditions for closing IonQ's anticipated acquisitions not being met; IonQ's customers deciding or declining to extend contracts into new phases; the inability of its suppliers to deliver components that meet expectations timely; changes in U.S. government spending or policy that may affect IonQ's customers; changes to U.S. government goals and metrics of success with regard to implementation of quantum computing and quantum networking; risks associated with U.S. government sales, including availability of funding and provisions that allow the government to unilaterally terminate or modify contracts for convenience; changes in laws and regulations affecting IonQ's patents; and IonQ's ability to maintain or obtain patent protection for its products and technology, including with sufficient breadth to provide a competitive advantage. You should carefully consider the foregoing factors and the other risks and uncertainties disclosed in the Company's filings, including but not limited to those described in the 'Risk Factors' section of IonQ's most recent Quarterly Report on Form 10-Q, Annual Report on Form 10-K and other documents filed by IonQ from time to time with the Securities and Exchange Commission. These filings identify and address other important risks and uncertainties that could cause actual events and results to differ materially from those contained in the forward-looking statements. Forward-looking statements speak only as of the date they are made. Readers are cautioned not to put undue reliance on forward-looking statements, and IonQ assumes no obligation and does not intend to update or revise these forward-looking statements, whether as a result of new information, future events, or otherwise. IonQ does not give any assurance that it will achieve its expectations.
Yahoo
03-07-2025
- Business
- Yahoo
IonQ (IONQ) Bullish Rating Propels Stock by 11.6%
IonQ, Inc. (NYSE:IONQ) is one of the . IonQ saw its share prices jump by 11.6 percent on Wednesday to end at $44.75 apiece after Cantor Fitzgerald raised its rating and price target for the company. In its market note, the investment firm gave IonQ, Inc. (NYSE:IONQ) an 'overweight' rating and a price target of $45 on the belief that the quantum computing industry remains to be one of the most highly coveted technical milestones with huge economical implications despite it still being in its early stages of development. A quantum computer on a countertop in an engineering laboratory with a technician at work. Additionally, it said that the full-scale capabilities of the sector are likely years away from being realized. Further supporting the sentiment was Texas's passage of legislation on Monday that would develop a comprehensive strategic plan to advance quantum computing. IonQ, Inc. (NYSE:IONQ) said it fully supports the initiative, emphasizing the critical role of quantum computing in addressing future cybersecurity and economic challenges. 'The Texas Quantum Initiative is more than just policy. It's a platform for transformative innovation, secure infrastructure, and inclusive workforce development,' said IonQ, Inc. (NYSE:IONQ) Niccolo de Masi. While we acknowledge the potential of IONQ as an investment, our conviction lies in the belief that some AI stocks hold greater promise for delivering higher returns and have limited downside risk. If you are looking for an extremely cheap AI stock that is also a major beneficiary of Trump tariffs and onshoring, see our free report on the best short-term AI stock. READ NEXT: 20 Best AI Stocks To Buy Now and 30 Best Stocks to Buy Now According to Billionaires. Disclosure: None. This article is originally published at Insider Monkey. Error in retrieving data Sign in to access your portfolio Error in retrieving data Error in retrieving data Error in retrieving data Error in retrieving data
