What's Going On With IonQ Inc. Stock?

IonQ, Inc. IONQ shares are trading higher Wednesday. The company unveiled its two new rack-mounted quantum computer systems for enterprise data centers. 

What To Know:

IonQ unveiled the new hardware systems, the IonQ Forte Enterprise and the IonQ Tempo, during a live-streamed announcement from the Quantum World Congress event. 

The IonQ Forte Enterprise is designed for complex computational problems, quantum machine learning, correlation analysis, and pattern recognition. The IonQ Forte Enterprise system provides these quantum computing capabilities in a compact form that can be easily integrated with existing data center infrastructures.

The IonQ Tempo hardware system is designed for demanding use cases and far exceeds the capabilites of classical computers and GPUs, providing a computational space 536 million times larger than the IonQ Forte Enterprise system. 

Peter Chapman, CEO of IonQ, said, "Today's quantum capabilities are often limited by system accessibility and inaccuracy at scale. With Tempo and Forte Enterprise, IonQ is signaling to our partners that quantum technology can work hand-in-hand with existing data center hardware, and will lead to commercial advantage within a two-year time frame."

IonQ stock has significant short interest with 16.45% of IONQ shares being sold short, according to data from Benzinga Pro. 

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IONQ Price Action: According to Benzinga Pro, IonQ shares are up 5.58% at $13.83 at the time of publication.

Image: Pete Linforth from Pixabay