Why IonQ Stock Blasted Almost 23% Higher This Week

A massive, very powerful investor committed significant capital to the quantum industry this week, lifting sector stocks whether they were part of its initiative or not. IonQ (NYSE: IONQ) wasn't included, nevertheless market players traded the stock up on the back of that general buy-in. According to data compiled by S&P Global Market Intelligence, IonQ's shares rose by nearly 23% over the week.That investor is no less an entity than the U.S. Federal Government. On Thursday, the Department of Commerce (DoC) announced that it is committing $2 billion to direct investments in nine quantum companies. Image source: Getty Images.Continue readingWeiter zum vollständigen Artikel bei MotleyFool Weiter zum vollständigen Artikel bei MotleyFool