10 Firms Shine Amid Market Slump

8. IONQ Inc. (NYSE:IONQ)

IONQ shares initially dipped on Monday, but gained momentum later in the session, closing up 5.01 percent at $41.47 per share.

During intra-day trading, investor sentiment was dampened by remarks from Bill Gates, who echoed comments by Nvidia CEO Jensen Huang and Meta Platforms CEO Mark Zuckerberg regarding the practical use of quantum computers. Gates, however, offered a more optimistic perspective, suggesting that quantum computers could achieve practical utility within the next three years.

“There is the possibility in the next three to five years that one of these techniques would get enough true logical Qubits to solve some very tough problems. And Microsoft is a competitor in that space,” he said.

He underscored that in November 2024, Microsoft started to co-design and build “the world’s most powerful quantum machine.”

Despite the overall cautious outlook, investors turned to bargain-hunting, helping lift IONQ’s shares by the close of trading on Monday.