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IonQ

🌎 ionq.com

IonQ is a quantum computing company based in College Park, Maryland, dedicated to building the world's best quantum computers to solve complex problems. Their unique trapped-ion technology offers unmatched performance and scalability, supporting a wide range of applications across various industries. IonQ is recognized as the first public pure-play quantum computing company.

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IonQ - Latest News and Updates

• Dell Technologies has partnered with IonQ after extensive research into quantum since 2016, according to Ken Durazzo.
• Bill Scannell, Dell's President of Global Sales and Customer Operations, has joined IonQ's Board of Directors.
• IonQ reported $12.4 million in revenues for the third quarter of 2024.
• IonQ acquired Quibitekk for $22 million to enhance its quantum networking capabilities and reported a 102% increase in third-quarter revenue to $12.4 million.
• IonQ and Ansys are collaborating to improve engineering simulation using advanced quantum computing.

• Benchmark Co. analyst David Williams reiterated a Buy rating on IonQ, setting a price target of $22.00, due to their strategic acquisition of Quibitekk, a $54.5 million award from the Air Force Research Laboratory, and strong financial performance with $63.5 million in bookings and $12.4 million in revenue.
• IonQ announced a partnership with AstraZeneca to develop quantum applications for a production use case, marking a significant step in their quantum chemistry research.
• IonQ published a paper on November 7, 2024, demonstrating and benchmarking their 30-qubit trapped-ion quantum computer, the IonQ Forte, with all-to-all operations.
• IonQ experienced high participation in their Q3 2024 Earnings Call, temporarily reaching maximum platform capacity.
• IonQ's John K. Gamble and Nic Delfosse presented at the MicroArch Conference, discussing how emerging quantum systems enhance computer systems research.

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