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IonQ surged over 35% as investors cheered CEO Peter Chapman's bold comparison to Nvidia (NASDAQ:NVDA) and his vision to dominate the quantum-computing space.
The rally lifted IonQ's market cap to more than $11.3 billion, nearly double its closest rival D-Wave's (NYSE:QBTS) valuation, underscoring the company's leadership among public quantum names.
Chapman said IonQ will be the Nvidia player in quantum chips, noting that others will copy us and follow us, as he outlined plans to leverage IonQ's trapped-ion technology for broader enterprise uptake. Benchmark's David Williams reiterated a Buy rating and $40 target last week, citing the firm's expanding hardware roadmap and growing software services ecosystem. Analysts expect IonQ to report Q1 revenue of around $14 million when it issues earnings next month, up from $9 million a year earlier.
With five?star coverage backing the stock and a surging volume backdrop, investors are betting that IonQ's first?mover advantage and CEO swagger can translate into commercial wins across cloud partnerships and government programs.
Why It Matters Quantum computing is transitioning from lab to launch, and IonQ's breakout rally indicates Wall Street is finally pricing in a path to scalable, revenue?generating devices.
IonQ shares have surged nearly 68% over the past month, climbing to $42.89 as of May 22, 2025. The quantum computing firm posted a steep jump in the last two sessions, marking a breakout after steady gains earlier in May. The chart shows consistent momentum through the month, capped off by a sharp spike in the final days. With a CAGR of over 47,000%, IonQ's recent performance suggests growing investor confidence in its tech roadmap and potential AI linkages.
This article first appeared on GuruFocus.