Quantum computing might still feel like sci-fi, but IonQ (IONQ) is working hard to make it real. Now, it’s aiming even higher: building the quantum internet. Following IonQ’s latest moves and tech breakthroughs, the stock lit up green in response.
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Strategic Moves
The company just announced the promotion of longtime executive Jordan Shapiro to lead its new Quantum Networking division. Shapiro’s been with IonQ since its early days, helping raise money, leading strategy, and most recently pushing the company into quantum networking, partnering with startups like Qubitekk and ID Quantique – both experts in ultra-secure communications.
Looking at IonQ’s strategic moves, it’s clear the company isn’t just talking about the future. It’s building it. The company partnered with EPB of Chattanooga to open the first U.S. quantum computing and networking hub. Think of it as Silicon Valley for quantum tech — but in Tennessee.
IonQ is rolling out its most powerful machine yet, the Forte Enterprise, which will be used to develop real-world applications like optimizing energy grids. And they’re setting up shop locally to train the next generation of quantum developers.
Of course, investors took notice. After the announcement, IonQ’s stock jumped nearly 8% and even triggered a short trading halt due to the buzz, although on the last trading day, IONQ stock declined over 3%. Analysts are still bullish, projecting a 32% upside despite a rocky year for the stock.
So why should you care?
Because this isn’t just hype. Quantum networking could make internet communications virtually unhackable. Quantum computing might solve problems that today’s supercomputers can’t touch. And IonQ is one of the few public companies giving regular investors a way in.
It’s also doing some wild stuff with AI, like blending quantum computing with large language models to improve accuracy and energy efficiency or using quantum GANs to generate synthetic materials data. But let’s be honest: the story that sticks is this: IonQ is building the infrastructure for the next Internet, and it’s putting it on the map in Chattanooga.
Is IonQ a Buy, Sell, or Hold?
Wall Street analysts firmly believe in IonQ, culminating in a Strong Buy rating, with only Morgan Stanley seeing it as a Hold. The average price target for IONQ stock is $39.50, suggesting a 32.46% upside potential.
