The Latest Breaking News from IonQ Inc

The rapid pace of digital transformation across industries is expected to continue, driving demand for innovative tech products and services, thereby propelling the tech sector’s outlook. Despite the industry’s rosy prospects, fundamentally bleak tech stocks, Zebra Technologies (ZBRA), Riot Platforms (RIOT), and IonQ (IONQ) might be best avoided now. Read…

Rapid adoption of emerging technologies and increased spending on digitization positions the tech industry for long-term growth. Amid this backdrop, it could be wise to buy NetApp (NTAP) and TD SYNNEX (SNX). However, it could be wise to avoid IonQ (IONQ), given its poor fundamentals and growth prospects. Read on.

IonQ Inc. Common Stock's (NYSE:IONQ) short percent of float has fallen 6.2% since its last report. The company recently reported that it has 8.62 million shares sold short, which is 9.23% of all regular shares that are available for trading.

IONQ Inc (NYSE:IONQ) reported fourth-quarter revenue of $1.65 million, beating the consensus estimate of $1.14 million. Total contract bookings were $1.5M (115% beat) in Q4. Loss from operations expanded to $(10.84) million, compared to $(4.93) million a year ago. EPS fell to $(0.39) from $(0.04) in 4Q20. Adjusted EBITDA loss widened to…

IonQ Inc (NYSE:IONQ) collaborated with Hyundai Motor Co (OTC:HYMTF) to use quantum computers to develop efficient batteries. The partnership pairs IonQ’s expertise in quantum computing and Hyundai’s expertise in lithium batteries.  Together, the teams are creating the most advanced battery chemistry model. “This creative collaboration with IonQ is expected to provide innovation in the…