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Wire

IonQ Study Shows Artificial Intelligence Model Accelerates Quantum Optimization

IonQ (IONQ) said Wednesday a joint research project with Oak Ridge National Laboratory, Nvidia (NVDA), and the University of Tennessee showed that an artificial intelligence model can directly create quantum optimization circuits.The generative model eliminates repetitive parameter-tuning loops, with circuit-finding time holding at nearly 28 seconds across the subproblem sizes tested, the company said.During testing on a 100-variable benchmark problem, answer quality roughly doubled as subproblem sizes expanded, IonQ said.Price: $36.98, Change: $-0.07, Percent Change: -0.19%

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Wire

IonQ Unveils Superion 256 Quantum Computing Platform

IonQ (IONQ) announced its sixth-generation Superion 256 quantum-computing platform, the company said Tuesday.The platform is designed for standard data-center environments, and customer deliveries are expected to begin in 2027, IonQ said.Separately, the company said it has signed an $8.2 million agreement with Congruity360 to deploy quantum-safe network technology.Under the agreement, Congruity360 will use IonQ's quantum-safe capabilities, including post-quantum cryptography and quantum key-distribution appliances, to protect sensitive enterprise data for clients across the US, IonQ said.Shares of IonQ were 5.6% higher in Tuesday premarket activity.

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Asia Markets

Exchange-Traded Funds, Equity Futures Mixed Pre-Bell Tuesday Amid Rising Oil Prices

The broad market exchange-traded fund SPDR S&P 500 ETF Trust (SPY) was down 0.1% and the actively traded Invesco QQQ Trust (QQQ) was 0.2% higher in Tuesday's premarket activity amid rising oil prices.US stock futures were also mixed, with S&P 500 Index futures down 0.2%, Dow Jones Industrial Average futures slipping 0.8%, and Nasdaq futures advancing 0.1% before the start of regular trading.The National Federation of Independent Business' monthly Small Business Optimism Index fell to a reading of 98.7 in August from 99.8 in July and was below a 100.8 reading a year ago.The New York Fed's inflation expectations report for August will be released at 11 am ET.The July consumer credit data is slated for a 3 pm ET release.In premarket activity, bitcoin was down by 1.3%. Among cryptocurrency ETFs, the cryptocurrency fund ProShares Bitcoin Strategy ETF (BITO) was 2.1% lower, Ether ETF (EETH) advanced 0.4%, and Bitcoin & Ether Market Cap Weight ETF (BETH) was flat.Power Play:Health CareThe State Street Health Care Select Sector SPDR ETF (XLV) retreated 1.1%, the Vanguard Health Care Index Fund (VHT) was down 0.8%, while the iShares US Healthcare ETF (IYH) slipped 0.5%. The iShares Biotechnology ETF (IBB) was 1% lower.Pharvaris (PHVS) stock was up more than 16% premarket after the company said that a global phase 3 study of deucrictibant extended-release tablets met the primary endpoint of reducing the mean monthly attack rate by 83%, compared with placebo, in people with hereditary angioedema.Winners and Losers:IndustrialThe State Street Industrial Select Sector SPDR ETF (XLI) retreated 0.2%, while the Vanguard Industrials Index Fund (VIS) and the iShares US Industrials ETF (IYJ) were inactive.Bloom Energy (BE) was up 6% premarket, after a 7.4% increase in Friday's session. The company will join the S&P 500, effective Sept. 21, S&P Dow Jones Indices said Friday.TechnologyThe State Street Technology Select Sector SPDR ETF (XLK) advanced 0.6%, the iShares US Technology ETF (IYW) and the iShares Expanded Tech Sector ETF (IGM) were inactive. Among semiconductor ETFs, the State Street SPDR S&P Semiconductor ETF (XSD) was inactive, while the iShares Semiconductor ETF (SOXX) rose by 1.7%.IonQ (IONQ) shares were up 6% after the company raised its 2026 revenue outlook to a range of $450 million to $460 million, up from $280 million to $290 million anticipated previously, reflecting contributions from SkyWater Technology following its acquisition on July 31.EnergyThe iShares US Energy ETF (IYE) was inactive, while the State Street Energy Select Sector SPDR ETF (XLE) was up by 1%.Solaris Energy Infrastructure (SEI) stock was 6% higher after the company raised its guidance for Q3 and Q4 adjusted earnings before interest, taxes, depreciation and amortization.ConsumerThe State Street Consumer Staples Select Sector SPDR ETF (XLP) was down 0.3%, the Vanguard Consumer Staples Index Fund ETF Shares (VDC) and the iShares US Consumer Staples ETF (IYK) were inactive. The State Street Consumer Discretionary Select Sector SPDR ETF (XLY) lost 0.7%. The VanEck Retail ETF (RTH) and the State Street SPDR S&P Retail ETF (XRT) were inactive.General Mills (GIS) shares were up more than 1% pre-bell after the company reaffirmed its fiscal 2027 financial guidance.FinancialThe State Street Financial Select Sector SPDR ETF (XLF) retreated 0.7%. Direxion Daily Financial Bull 3X Shares (FAS) was down 2.1%, while its bearish counterpart, Direxion Daily Financial Bear 3X Shares (FAZ), was 2.1% higher.First Citizens BancShares (FCNCA) shares were up 1% in early-hours activity after the company said it converted 138 bank branches that it acquired from Bank of Montreal (BMO).CommoditiesFront-month US West Texas Intermediate crude oil was up by 2.1% at $93.43 per barrel on the New York Mercantile Exchange. Natural gas was 0.5% lower at $2.96 per 1 million British Thermal Units. The United States Oil Fund (USO) rose 2%, while the United States Natural Gas Fund (UNG) advanced 0.6%.Gold futures for November were down by 0.7% at $4,446.90 an ounce on the Comex. Silver futures advanced 0.2% to $66.85 an ounce. SPDR Gold Shares (GLD) decreased 0.8%, and the iShares Silver Trust (SLV) was flat.

Dow JonesNasdaq CompositeS&P 500$BE$FAS$FAZ$FCNCA$GIS$GLD$IBB$IGM$IONQ$IYE$IYH$IYJ$IYK$IYW$PHVS$QQQ$RTH$SEI$SLV$SOXX$SPY$UNG$USO$VDC$VHT$VIS$XLE$XLF$XLI$XLK$XLP$XLV$XLY$XRT$XSD
Wire

IonQ Awarded DARPA Manufacturing Contract for Evergreen-05 Atomic Clocks

IonQ (IONQ) received a $28 million contract extension from the Defense Advanced Research Projects Agency, or DARPA, with an unexercised $30 million option, to expand production of its Evergreen-05 optical atomic clocks for US government customers, the company said late Thursday.The contract modification covers manufacturing development and delivery of 25 Evergreen-05 optical atomic clocks, with an unexercised $30 million option for 100 additional units, bringing the total potential contract value to $58 million for 125 clocks, the company said.IonQ said it will invest $15 million in production space, manufacturing equipment, testing capabilities and staffing to support the program.Shares of the company rose more than 1% in recent premarket activity Friday.Price: $40.23, Change: $+0.51, Percent Change: +1.28%

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Wire

IonQ Shows Progress in Commercial Breadth, Execution in Q2, Wedbush Says

IonQ (IONQ) delivered another strong beat-and-raise quarter in Q2, marking its fifth straight quarter of record results, Wedbush said in a report Thursday."We view these results as further validation of IONQ's commercial momentum and, more consequentially this quarter, of its execution against the technical roadmap," the note said.The report also pointed to its growing remaining performance obligations metric, which rose to $485 million from $470 million in the previous quarter and $122 million a year earlier."We continue to view RPO expansion as one of the most important leading indicators of the company's ability to scale commercial revenues meaningfully over the next several years," the note said.Wedbush kept its outperform rating with a price target of $75.Price: $40.28, Change: $+0.35, Percent Change: +0.88%

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Wire

SkyWater Stockholders Approve Merger Agreement With IonQ

SkyWater Technology (SKYT) said Friday its stockholders have approved the acquisition of the company by IonQ (IONQ) at a special meeting.The transaction is expected to close in Q2 or Q3, the firm said.Price: $32.99, Change: $-0.08, Percent Change: -0.23%

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Wire

IonQ's Q1 Results Validate Commercial Momentum, Growing Customer Base, Wedbush Says

IonQ's (IONQ) Q1 revenue beat and outlook raise validate the company's commercial momentum and growing customer base, Wedbush Securities said in a Thursday note.The company reported a Q1 adjusted loss of $0.34 per share, widening from a loss of $0.15 a year earlier, while revenue surged to $64.7 million from $7.6 million. IonQ also issued a Q2 revenue outlook of $65 million to $68 million, and raised its 2026 revenue guidance to a range of $260 million to $270 million.About 60% of the quarter's revenue came from commercial customers, consistent with the 2025 mix and indicating IonQ's maturing business, Wedbush said. Meanwhile, cross-selling accounted for 35% of Q1 revenue, suggesting that IonQ's integrations yield "tangible" results, not just one-off revenue, the brokerage added.Wedbush also noted the company's increasing remaining performance obligations, or RPOs, which serves as a key indicator of its capacity to drive commercial revenue further in the coming years.Wedbush raised its price target on IonQ to $75 from $60, with an outperform rating.Price: $49.25, Change: $-3.32, Percent Change: -6.32%

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Wire

IonQ Continues to Beat Revenue Guidance, Qubit Milestone on Track, Morgan Stanley Says

IonQ (IONQ) continues to beat quarterly revenue guidance, with momentum remaining strong and the company's 256-qubit milestone still on track, Morgan Stanley said in a Thursday note.IonQ beat revenue guidance for the fourth straight quarter, including a 31% beat in Q1, the firm said.Morgan Stanley said the company has not been specific about the drivers of outperformance, but trends point to strong ongoing momentum.Analysts also noted that one-third of the company's revenue came from customers who have bought more than one product, pointing to cross-selling synergies.Morgan Stanley said 256-qubit system developments are moving through later-stage systems testing and should be ready for demonstrations by year-end, with delivery expected in H1 2027.The firm raised its 2026 revenue estimate to $265 million from $235 million and its 2027 estimate to $401 million from $380 million.Morgan Stanley has an equal-weight rating on IonQ and raised its price target to $48.50 from $47.Shares of IonQ were down more than 4% in Thursday trading.Price: $50.33, Change: $-2.25, Percent Change: -4.27%

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Wire

IonQ Likely to Benefit From Quantum Sector Tailwinds, Wedbush Says

IonQ (IONQ) is expected to benefit from sector tailwinds following Nvidia's (NVDA) launch of its Ising open AI models to accelerate the path to useful quantum computers, Wedbush Securities said in a Monday note.IonQ was cited directly by Nvidia as one of the early adopters of Ising Calibration, the report said."This signals that IonQ's trapped-ion architecture is being recognized by the industry's most influential infrastructure player as production-ready and technically credible," the note said.The report said it also deepens the commercial relationship between IonQ and Nvidia and embeds IonQ within the hybrid stack NVDA is building around CUDA-Q and NVQLink.The report also said IonQ has "consistently" beaten its own guidance and raised forward estimates, and it could continue this trend with its Q1 results, due for release on May 6. IonQ forecast Q1 revenue of about $50 million.Wedbush reiterated its outperform rating and $60 price target.Price: $47.45, Change: $+1.25, Percent Change: +2.71%

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Wire

IonQ Launches Capabilities for Millimeter-Scale Earth Monitoring

IonQ (IONQ) has commercially launched Interferometric Synthetic Aperture Radar capabilities through its space missions line, the company said Monday.The new capabilities allow millimeter-precision ground deformation monitoring, enabling users to detect and track physical change on the Earth's surface consistently on an automated tasking platform, according to a statement.Financial terms of the new offering were not provided.Price: $46.61, Change: $+0.41, Percent Change: +0.89%

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Wire

IonQ, Florida LambdaRail Launch Quantum-Safe Network Initiative

IonQ (IONQ) said Monday it entered an agreement with Florida LambdaRail to develop a nearly 100-mile quantum-safe network from Palm Beach County to Miami-Dade, connecting three research and education institutions.Phase 1 involves creating a three-node corridor linking select area colleges over the existing Florida LambdaRail fiber network before leveraging IonQ's quantum key distribution technology for protection against cyber threats, the company said.Upon completion of phase 1, the initiative is expected to expand across the Florida LambdaRail network, connecting additional institutions statewide, according to a statement.Price: $42.00, Change: $-0.70, Percent Change: -1.63%

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Wire

IonQ Advances Quantum Roadmap, Shift Toward Engineering Execution, Wedbush Says

IonQ (IONQ) is reinforcing a shift toward "engineering execution" in quantum computing following the company's release of a detailed technical blueprint, Wedbush Securities said in a note Thursday.The "engineering roadmap", released Wednesday, details a "concrete" path for scaling "fault-tolerant quantum computing" by integrating hardware, error correction, and modular control systems, the brokerage said.The announcement marks a pivot for the industry, shifting the central question from "if" such powerful machines are possible to "how" and "when" they will be built, according to the note.Historically, skeptics argued that fault tolerance would require "millions of physical qubits," pushing practical use cases decades into the future. However, IonQ's recent milestones, including 99.99% two-qubit fidelity and "reliable ion movement" suggest that timelines are "compressing faster than skeptics assumed," the report added.Industry watchers now believe that what was once considered a "15+ year" outcome for commercial quantum utility could be realized within a few years. This acceleration is expected to have "major implications" for sector valuations, government funding and the pace of enterprise adoption.Wedbush has an outperform rating on IonQ with a price target of $60.Price: $43.90, Change: $-3.46, Percent Change: -7.31%

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Sectors

Sector Update: Tech Stocks Climb Late Afternoon

Tech stocks rose late Tuesday afternoon, with the State Street Technology Select Sector SPDR ETF (XLK) advancing 1.4% and the State Street SPDR S&P Semiconductor ETF (XSD) gaining 2.2%.The Philadelphia Semiconductor index added 2%.In corporate news, IonQ (IONQ) shares surged 19% after the company said it has been awarded a contract in the Defense Advanced Research Projects Agency's Heterogeneous Architectures for Quantum program.Microsoft (MSFT) will rent data center capacity from Nscale at a campus in Narvik, Norway, first intended for OpenAI, Bloomberg reported. Microsoft will rent 30,000 additional Nvidia (NVDA) Vera Rubin chips at the site, building on a prior $6.2 billion commitment, after OpenAI failed to reach an agreement with Nscale to run its workloads at the campus under its Stargate initiative, the report said. Microsoft shares were up 2.1%.Amazon (AMZN) agreed to buy mobile satellite services operator Globalstar (GSAT) as it aims to add direct-to-device services to its Leo satellite network. Amazon shares rose 3.9%, and Globalstar jumped 9%.Nvidia (NVDA) shares rose 3.6% after the company said Tuesday it is launching a family of quantum AI models, Ising, designed to allow companies to build quantum processors that will be able to run useful applications.

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Wire

Update: IonQ Shares Rise After Contract Award for DARPA's Heterogeneous Architectures for Quantum Program

(Updates with the latest stock move in the headline and in the first paragraph.)IonQ (IONQ) shares were up 15% in Tuesday trading after the company said it has been awarded a contract in the Defense Advanced Research Projects Agency's Heterogeneous Architectures for Quantum program.The quantum technology company said its contract will focus on quantum memories that will support the program's speed and fidelity targets. IonQ said its quantum memories serve as core chips for its quantum interconnect systems.Financial details of the contract were not disclosed.Price: $34.32, Change: $+4.56, Percent Change: +15.31%

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Wire

IonQ Awarded Contract for DARPA's Heterogeneous Architectures for Quantum Program

IonQ (IONQ) said Tuesday that it has been awarded a contract in the Defense Advanced Research Projects Agency's Heterogeneous Architectures for Quantum program.The quantum technology company said its contract will focus on quantum memories that will support the program's speed and fidelity targets. IonQ said its quantum memories serve as core chips for its quantum interconnect systems.Financial details of the contract were not disclosed.Price: $32.62, Change: $+2.84, Percent Change: +9.52%

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