IonQ shares rise after quantum error-correction test and Nvidia deal
publishers 5articles 5first reported 23 Sep, 15:37 UTCdeveloping since 23 Sep · 5 editions
IonQ shares rose after the quantum-computing company announced what it described as a breakthrough in quantum error correction.
CNBC reported that IonQ successfully tested what the company called the industry’s first real-time, end-to-end error decoder. IonQ characterized the advance as CPU-powered quantum error correction, a process intended to identify and correct errors that occur during quantum computations.
Barron’s also linked the stock’s gain to a quantum-computing agreement with Nvidia. Yahoo Finance reported that IonQ gained 4% as buying following the announcement continued. Other quantum-computing stocks also advanced, with D-Wave Quantum up 3% and Rigetti Computing adding 2%.
Despite the latest rise, 24/7 Wall St. reported that IonQ stock was still down 43% in a year.
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