IonQ shares rise 1.29% premarket after announcing a breakthrough in synthetic diamond materials for quantum computing.

IonQ, Inc. rose 1.29% in premarket trading, with the company announcing a significant breakthrough in creating essential hardware for building large-scale quantum networks and clustered compute. This advancement is crucial because synthetic diamonds are a key component for building quantum memory systems and the photonic interconnects that link individual quantum computing systems together. Additionally, IonQ appointed Inder M. Singh as Chief Financial Officer and Chief Operating Officer, effective immediately.