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Benzinga
Benzinga
Business
Triveni Kothapalli

Why Is IonQ Stock Surging Monday?

Munich,,Bavaria,,Germany,-,March,31,2023:,Ionq,Is,At

IonQ, Inc. (NYSE:IONQ) shares are trading higher on Monday after it achieved a major step forward in quantum chemistry simulations, demonstrating accurate atomic-level force calculations using its quantum-classical auxiliary-field quantum Monte Carlo (QC-AFQMC) algorithm.

The demonstration, carried out with a Global 1000 automotive partner, produced results more precise than conventional methods, representing a notable step in applying quantum computing to complex chemical modeling.

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