Why This Quantum Computing Stock Rocketed 142.8% Higher in November

Shares of IonQ (NYSE: IONQ) stock popped 142.8% in November, according to data from S&P Global Market Intelligence. The start-up is trying to revolutionize the quantum computing market and bring this nascent technology into commercial hands. With investors eating up growth and deep technology stocks at the moment, it is no surprise to see IonQ crushing the market in 2024. Shares are up close to 200% year to date (YTD) as of this writing on Dec. 5, 2024.Here's why IonQ stock was up more than 100% in November.Quantum computing uses quantum mechanics to solve complex problems much faster than traditional computing methods. The problem is that building and maintaining these computers is extremely tricky and requires intensely stable operating environments. IonQ is working to solve these issues and help scale quantum computing, now selling its services on the three big cloud providers: Amazon Web Services, Google Cloud, and Microsoft Azure. Continue readingWeiter zum vollständigen Artikel bei MotleyFool Weiter zum vollständigen Artikel bei MotleyFool