10 Biggest Gainers of Last Week

4. IonQ Inc (NYSE:IONQ)

Similar to Rigetti, quantum computing investors continued to watch out closely for clues on industry developments. Over the past year, IonQ’s stock prices registered a jump of 226 percent, sparking interest from investors.

In addition, various Wall Street analysts weighed in positively on the technology and on IonQ, specifically. Last Monday, Morgan Stanley Joseph Moore increased his price target for IonQ to $37 from $14.90, saying, “We can’t identify a clear catalyst for this kind of equity appreciation in the space over that time, but we do see continued indications that investment in quantum should continue growing at a rapid pace.”

Additionally, Google unveiled its new chip Willo, which also appeared to have had a bullish effect on quantum stocks.