IonQ Scores Big with the Air Force But Is There More Left in the Tank?

One of the hottest names on Wall Street at the moment, quantum computing hardware and software specialist IonQ (IONQ) saw its equity value soar last Friday. According to Barchart content partner The Motley Fool, IonQ announced that it landed a new sector-related contract with the U.S. Air Force Research Lab. That was the justification investors needed to send IONQ stock up over 20%.

Per TMF, the contract — which is valued at $54.5 million — will see the enterprise partner with the military branch “to design, develop, and deliver technology and hardware that enables the scaling, networking, and deployability of quantum systems” over the next four years. While the accompanying press release provided few concrete details, the takeaway is that IonQ is gaining credibility.