IonQ Trading Volume Drops 5069% to 139th Rank Amid Quantum Computing Acquisition
Market BriefFriday, May 9, 2025 7:56 pm ET
1min readOn May 9, 2025, IonQ's trading volume reached $59.4 million, a significant decrease of 50.69% compared to the previous day, ranking 139th in the day's stock market activity. IonQ's stock price fell by 1.79%.
IonQ, a leading
and networking company, has announced the acquisition of Lightsynq Technologies, a startup specializing in quantum interconnects. This strategic move aims to enhance IonQ's quantum networking capabilities and accelerate the development of its quantum computing roadmap. Lightsynq, founded in 2024 by former AWS researchers, has developed the industry's first quantum repeater, which extends the range of quantum networks and links quantum processors. The acquisition includes Lightsynq's intellectual property portfolio, comprising over 20 patents and patent applications. IonQ's CEO, Niccolo de Masi, highlighted that Lightsynq's technology will significantly advance IonQ's goal of delivering commercial quantum computers with thousands and ultimately millions of qubits. This acquisition aligns with IonQ's recent partnership with EPB of Chattanooga to establish a $22 million quantum computing center in Tennessee, further solidifying its position in the quantum computing industry.
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