Morgan Stanley Acquires 7% Stake in IonQ, Boosting Quantum Computing Investment Trend

Morgan Stanley Investment Management has acquired a 7% stake in IonQ, adding to the growing interest in quantum computing. IonQ's recent patent additions and plans for a new platform, Tempo, demonstrate its focus on expanding quantum use in logistics, materials, and machine learning. With an optimistic view on the Street and a Moderate Buy consensus, IonQ's stock price target stands at $49.57, implying a 24.61% upside from the current price.