why did ionq jump sunday night

IonQ's stock price increased by 16.99% on Sunday night, which can be attributed to several factors:

1. Acquisitions and Strategic Partnerships: IonQ has recently acquired a majority stake in quantum networking provider ID Quantique and signed a memorandum of understanding with SK Telecom to form a "global quantum strategic partnership." These acquisitions and partnerships have strengthened IonQ's position in the quantum computing and networking divisions.
2. Equity Offering and Financial Position: IonQ raised approximately $372.6 million through its at-the-market equity offering program, netting $360 million in proceeds. This allowed the company to meet its currently anticipated capital needs and terminated the ATM Program due to sufficient capital and recent market disruptions. The company's strong financial position may have contributed to the positive investor sentiment.
3. Quantum Computing and Networking Patents: IonQ has expanded its quantum networking patent portfolio to nearly 400 patents through the acquisition of ID Quantique. This strategic move has strengthened IonQ's technological leadership and contributed to the positive momentum in its stock performance.

In conclusion, IonQ's stock price jump on Sunday night can be attributed to a combination of factors including acquisitions, strategic partnerships, equity offering and financial position, and quantum computing and networking patents.