As IonQ Expands in Europe, Should You Buy, Sell, or Hold the Quantum Computing Stock?

IonQ (IONQ) is making headlines again in the investor community with its large European expansion. Recently, ID Quantique launched the first quantum communication nationwide in Slovakia based on IonQ’s solutions. IONQ stock has been trading close to $51.76 of late, marking a sharp gain of 6% in the last five trading days while making more inroads into the global quantum landscape, especially as governments ramp up quantum infrastructure investments in their respective countries.

The news comes off the back of a very positive third-quarter earnings announcement, with the company recording 222% year-over-year (YOY) growth and breaking numerous records in the process. The rising importance of quantum computing as a long-duration investment theme and the emergence of new geographic deployments in the European Union mean that IonQ's strategic movements are making the company more universally relevant. At the same time, the overall sector continues to be buoyed by the macro theme of high-performance computing and security.