10 Firms Shine Amid Wall Street’s Lackluster Trading

8. IonQ Inc. (NYSE:IONQ)

Shares of IonQ (IONQ) rose for a third consecutive day to end Thursday’s trading up by 5.48 percent at $41.55.

Investor sentiment continued to be buoyed by a more positive outlook for the quantum computing sector from Microsoft’s strategic missions and technologies chief Mitra Azizirad, who highlighted the emergence of a dependable era in quantum computing.

Earlier this week, Azizirad urged the sector to get ready because “we are right on the cusp of seeing quantum computers solve meaningful problems and capture new business value.”

It can be recalled that quantum computing stocks took a beating over the past few weeks following bearish statements from chief executives of Nvidia Corp. and Meta Platforms that the practical use of quantum computers will only be felt 15 to 30 years away.