These 10 Firms Dominated Last Week’s Rally

5. IonQ Inc. (NYSE:IONQ)

Despite suffering a sell-off on Friday, share prices of IonQ Inc. (IONQ) remained higher by 32.91 percent week on week, with investor sentiment buoyed by statements from Microsoft’s strategic missions and technologies chief Mitra Azizirad, who highlighted the emergence of a dependable era in quantum computing.

Earlier last 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.”

Azizirad’s statement bucked a bearish comment from Nvidia Corp. CEO Jensen Huang and Meta Platforms CEO Mark Zuckerberg who shares the same view that the practical use of quantum computers will only be felt 15 to 30 years away. Their statements both took a toll on quantum computing firms’ share prices, including IonQ.