"Quantum computing stocks ignited a frenzy yesterday, as investors piled into the sector amid breakthrough announcements and growing optimism about real-world applications. D-Wave Quantum ( ) led the charge, surging over 18% on news of advancements in its annealing systems. Rigetti Computing ( NASDAQ:RGTI ) followed, climbing 10% after unveiling improved qubit fidelity in its hybrid quantum processors. Quantum Computing ( NASDAQ:QUBT ) and IonQ ( ) each posted solid 5% gains, rounding out a rally that saw the Defiance Quantum ETF ( NYSEARCA:QTUM ) jump 7%."
"IONQ's $1.075 billion acquisition of Oxford Ionics, finalized yesterday, marks a pivotal leap in quantum hardware. Oxford Ionics' ion-trap tech, built on standard semiconductor chips, complements IONQ's trapped-ion systems. Founders Chris Ballance and Tom Harty join IONQ's leadership, accelerating the development of scalable quantum computers targeting 256 high-fidelity physical qubits by 2026 and fault-tolerant machines with millions of qubits by 2030. This deal enhances IONQ's manufacturing efficiency and integrates UK government ties, positioning it to outpace rivals in commercial deployment."
Quantum computing stocks rallied as investors reacted to technical advancements and strategic moves across the sector. D-Wave surged over 18%, Rigetti climbed 10%, while QUBT and IonQ gained about 5%, and the Defiance Quantum ETF jumped 7%. IonQ completed a $1.075 billion acquisition of Oxford Ionics and announced a definitive agreement to acquire Vector Atomic in an all-stock deal. IonQ also formed a partnership with the U.S. Department of Energy, Honeywell, and EPB to pilot quantum technologies in space. IonQ aims for 256 high-fidelity physical qubits by 2026 and fault-tolerant machines with millions of qubits by 2030, integrating new leadership to accelerate scaling and manufacturing efficiency.
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