Why IonQ Inc. (IONQ) Soared Last Week?
Written by Emily J. Thompson, Senior Investment Analyst
Updated: Apr 12 2025
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Source: Yahoo Finance
Market Performance Overview: Despite a challenging week, the stock market rebounded on Friday, with the tech-heavy Nasdaq gaining 7.29%, while ten companies, mainly in gold and biopharmaceutical sectors, recorded double-digit gains as investors sought safer investments.
IonQ Inc. Highlights: IonQ Inc. saw a significant share price increase of 26.16% after being selected by the Department of Defense to collaborate on developing utility-scale quantum computers, ranking 9th among firms that defied the market slump.
About the author
Emily J. Thompson
Emily J. Thompson, a Chartered Financial Analyst (CFA) with 12 years in investment research, graduated with honors from the Wharton School. Specializing in industrial and technology stocks, she provides in-depth analysis for Intellectia’s earnings and market brief reports.
