Why IonQ Stock Popped Today
IonQ made a breakthrough. It doesn't make IonQ stock a buy, however.
Overview
IonQ (NYSE: IONQ) stock jumped 9.5% through 12:30 p.m. ET Thursday after announcing a new "breakthrough" in quantum computing -- and with help from Synopsys (NASDAQ: SNPS).
Image source: Getty Images.
Synopsys is best known as a maker of software for semiconductor chip design, but this new development goes in a different direction. As IonQ explains, it cooperated with Synopsys to use "quantum algorithms integrated into mainstream engineering software" to accelerate industrial design work -- specifically, designing "complex car and jet engine simulations" -- by up to 14.6%.
Details
Source
Originally published at www.fool.com.
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Disclaimer: This article is for informational purposes only and does not constitute investment advice. Data may be delayed up to 15 minutes. Past performance is not indicative of future results. Consult a licensed financial advisor before making investment decisions.