Why IonQ Inc. (IONQ) Went Up On Wednesday?

We recently published a list of The Top 10 Performing Stocks on Wednesday. In this article, we are going to take a look at where IonQ Inc. (NYSE:IONQ) stands against other top performing stocks on Wednesday.

Wall Street’s three major indices finished in the green territory on Wednesday as investors continued to digest news of President Donald Trump’s tariff rollout on imports.

The tech-heavy Nasdaq finished the day strongest, adding 0.87 percent. The S&P 500 grew 0.67 percent, while the Dow Jones was up 0.56 percent.

Ten individual stocks mirrored a broader market optimism, closing the day in the green amid a series of corporate developments that sparked buying appetite.

In this article, we named Wednesday’s top performers and detailed the reasons behind their gains.

To come up with the list, we considered only the stocks with a $2-billion market capitalization and $5 million in trading volume.

A quantum computer on a countertop in an engineering laboratory with a technician at work.

IonQ Inc. (NYSE:IONQ)

Shares of IonQ grew by 8.02 percent on Wednesday to end at $25.05 apiece following the launch of the IonQ Forte Enterprise, its recently commissioned quantum computer.

In a statement on Wednesday, IONQ said its flagship product Forte Enterprise is now officially available to customers globally through Amazon Braket, a managed quantum computing service from Amazon Web Services (AWS), as well as the IonQ Quantum Cloud.

Forte Enterprise joins Aria and Forte in its series of products “capable of meeting Amazon’s high bar for commercial availability.”

“Today we are celebrating the global accessibility of Ionq Forte Enterprise—our flagship quantum computer. IonQ’s goal is to get our quantum technologies into the hands of developers so they can build and develop new commercial applications to solve some of today’s most complex problems,” said IONQ President and CEO Niccolo de Masi. “This collaboration with AWS makes Forte Enterprise accessible for new and existing customers to leverage our quantum computing systems for real-world impact.”

Overall, IONQ ranks 8th on our list of top performing stocks on Wednesday. While we acknowledge the potential of IONQ as an investment, our conviction lies in the belief that some AI stocks hold greater promise for delivering higher returns and doing so within a shorter time frame. If you are looking for an AI stock that is as promising as IONQ but trades at less than 5 times its earnings, check out our report about the cheapest AI stock.

READ NEXT: 20 Best AI Stocks To Buy Now and 30 Best Stocks to Buy Now According to Billionaires.

Disclosure: None. This article is originally published at Insider Monkey.