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IonQ's stock surged 73% between January and mid-October 2025, but finished the year with a single-digit percentage increase. The sell-off was due to the company's financial profile, which includes issuing stock to fund acquisitions and diluting shareholders. Despite generating $68 million in revenue, IonQ's trapped ion technology is still in development phases and not yet applicable in commercial settings. The stock's growth is based on marketing and acquisitions rather than actual commercial traction.

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