What's Going On With IonQ Stock Wednesday?

IonQ, Inc. IONQ announced it is making significant strides in the development of quantum computing with a recent breakthrough in high-speed, mixed-species quantum logic gates.

IonQ has announced a milestone in the creation of these gates, which are essential for scalable and high-fidelity quantum networking and distributed quantum computing.

In collaboration with Australian National University, IonQ’s scientists have co-authored a paper outlining a novel method to achieve orders-of-magnitude improvements in the physical gate speed of two-qubit operations between different atomic species.

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Quantum gate speed is a critical factor in achieving scalable quantum computing, and IonQ’s research introduces a practical approach to high-speed, mixed-species entangling operations.

IonQ has filed for patent protection for this invention, with plans to explore how these techniques can be incorporated into their commercial systems.

According to Benzinga Pro, IONQ stock has gained 138% in the past year. Investors can gain exposure to the stock via Spear Alpha ETF SPRX and Invesco Dorsey Wright Technology Momentum ETF (PTF).

Yesterday, the company announced that it has delivered and commissioned a quantum networking system optimized for research and development at the U.S. Air Force Research Laboratory facility in Rome, New York.

The newly implemented system is based on trapped ion technology and is designed to support the Air Force’s research goals.

It is expected to enhance precision, flexibility, and scalability in quantum networking methodologies and algorithms.

IonQ’s President and CEO, Niccolo de Masi, emphasized the collaboration’s importance, stating that the system marks the delivery of “enterprise-grade quantum capabilities today, not 10 years from now.”

Price Action: IONQ shares are trading lower by 0.31% to $22.28 at the last check Wednesday.

Image via Shutterstock.

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