IonQ Surges 7.79 as Quantum Computing Partnerships Fuel 2.76B Rally Ranking 28th in Market Activity

On October 6, 2025, IonQ (IONQ) surged 7.79% with a trading volume of $2.76 billion, ranking 28th in market activity. The stock’s performance reflects heightened institutional interest amid strategic advancements in quantum computing infrastructure.

Recent developments highlight IonQ’s partnership with major cloud service providers to expand quantum access. This move aligns with growing demand for hybrid quantum-classical computing solutions in financial modeling and optimization. Analysts note that the collaboration could accelerate enterprise adoption, though scalability challenges remain unaddressed.

Technical indicators suggest short-term momentum, supported by increased order flow from algorithmic traders. However, the absence of earnings catalysts in the near term raises questions about the sustainability of the rally. Market participants are closely monitoring capital allocation decisions for clues on long-term value creation.

To run this back-test properly, I need to clarify a few practical details so I can generate the right daily trading signals. Universe • Should we look at all U.S. common stocks (≃ 6,000 tickers) or restrict ourselves to a subset such as the Russell 3000 or the S&P 500 constituents? Volume metric • Select by dollar volume (price × shares) or by share volume? Weighting & position size • Equal-weight each of the 500 names? If you prefer a different sizing rule please let me know. Costs & slippage • Should we include any commissions, bid-ask spread, or other transaction cost assumptions? Rebalancing frequency • You stated “hold them for 1 day.” Just to confirm: rebalance at the next day’s open (T+1) and liquidate the previous day’s basket entirely? Data source constraints • The platform can retrieve daily price/volume data ticker-by-ticker. To construct a cross-sectional top-500 list each day, I will need to loop through the universe. That is feasible, but if you have data limits in mind let me know. Once we lock these down, I’ll generate the daily buy/sell lists, feed them into the back-test engine, and present the performance report.