IonQ Stock Surges on Strong Quantum Computing Demand
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BTCCSquare news:
IonQ shares defied market trends last week, climbing 7% over two sessions after a standout Q3 performance. The quantum computing specialist posted revenue of $39.9 million—a 221.5% year-over-year surge—crushing analyst estimates of $27.9 million. Management cited growing demand across quantum computing, sensing, and cybersecurity applications.
The company raised its full-year revenue guidance to $106-$110 million, well above the $91.33 million consensus. Technical milestones in qubit count and gate fidelity were also highlighted, with IonQ reaching #AQ64. While adj. EBITDA losses are expected to continue, the robust growth trajectory suggests accelerating institutional adoption of quantum technologies.
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