Latest news with #TexasQuantumInitiative
Yahoo
09-07-2025
- Business
- Yahoo
Texas Just Passed Quantum Computing Legislation. How Should You Play IONQ Stock Here?
IonQ (IONQ) stock surged nearly 7% on June 30 following the Texas state legislature's passage of the Texas Quantum Initiative. IonQ actively supported this legislation to establish the state as a hub for quantum technology. The bill mandates the development of a strategic plan to advance quantum computing, networking, and sensing technologies across Texas. Representative Giovanni Capriglione emphasized that quantum technology is 'quickly becoming a reality' with applications spanning national security, manufacturing, pharmaceuticals, and critical infrastructure. The initiative aims to accelerate the integration of quantum technology into Texas' economy while fostering innovation. Nvidia Scores Another Sovereign AI Win. How Should You Play NVDA Stock Here? Dear Amazon Stock Fans, Mark Your Calendars for July 8 Vanguard Just Bought More SoundHound Stock. Should You? Stop Missing Market Moves: Get the FREE Barchart Brief – your midday dose of stock movers, trending sectors, and actionable trade ideas, delivered right to your inbox. Sign Up Now! IonQ CEO Niccolo de Masi expressed enthusiasm about collaborating with Texas leaders, universities, and industry partners to drive the development of quantum-powered solutions. The positive momentum extended beyond IonQ, with rivals Rigetti Computing (RGTI) and Quantum Computing (QUBT) also posting gains. This bill represents a potential catalyst for IonQ stock, which has spent most of 2025 in negative territory. The quantum computing stock has now turned positive for the year following the announcement from Texas. State-level support could accelerate the adoption of quantum technology and provide IonQ with strategic partnerships and revenue opportunities. However, quantum computing remains in the early stages of commercialization, with uncertain timelines for widespread adoption. While Texas's commitment signals growing institutional support, investors should weigh the long-term potential against current execution risks and market volatility in the quantum sector. IonQ outlined an aggressive expansion strategy during its recent webinar, announcing its intention to acquire Oxford Ionics, alongside the completion of the Lightsynq acquisition. These expansion plans are expected to accelerate the quantum company's roadmap toward large-scale, fault-tolerant quantum computing. The combined technologies promise dramatic scaling improvements. IonQ now projects 10,000 physical qubits on a single chip by 2027, expanding to 20,000 qubits across two interconnected chips by 2028. Most remarkably, it targets over 2 million physical qubits, translating to 80,000 logical qubits by 2030, figures that CEO Niccolo de Masi claims are 'leagues ahead' of competitors. Near-term commercial validation continues to strengthen IonQ's position. The company demonstrated a 20-fold increase in speed in pharmaceutical computations with AstraZeneca (AZN), using just 36 qubits, while partnerships with Ansys (ANSS) showed 12% improvements in simulation performance. These early wins demonstrate a quantum advantage before full fault tolerance is achieved. For investors, these acquisitions are evidence of a strong partnership ecosystem that provides additional competitive advantages as quantum computing transitions from research to commercial reality. IonQ is part of a rapidly expanding addressable market and is forecast to increase sales from $43 million in 2024 to $750 million in 2029. While still unprofitable, its losses are estimated to narrow to $48.6 million in 2029, from $214 million in 2024. Out of the six analysts covering IONQ stock, four recommend 'Strong Buy,' one recommends 'Moderate Buy,' and one recommends 'Hold.' The average target price for the quantum computing stock is $42.50, which is below the current trading price. On the date of publication, Aditya Raghunath did not have (either directly or indirectly) positions in any of the securities mentioned in this article. All information and data in this article is solely for informational purposes. This article was originally published on
Yahoo
30-06-2025
- Business
- Yahoo
IonQ Stock Surges as Texas Legislature Passes Quantum Initiative It Backed
An IonQ-backed bill aimed at making Texas a quantum technology hub passed the state legislature. The legislation will have Texas set up a strategic plan to encourage quantum innovation. The news lifted shares of IonQ into positive territory for of quantum computer maker IonQ (IONQ) jumped 9% Monday after the Texas legislature passed a bill backed by the firm that would set up the state to be a major hub for quantum technology. Called the Texas Quantum Initiative, the legislation calls for the state to "develop a comprehensive strategic plan to advance quantum computing, networking, and sensing technologies in Texas." Representative Giovanni Capriglione, Chair of the Texas Innovation & Technology Caucus, said that quantum technology "is no longer a distant idea; it is quickly becoming a reality, influencing national security, manufacturing, pharmaceuticals, climate science, and critical infrastructure.' Capriglione added the initiative "helps Texas lead in this field by encouraging quantum innovation and fast-tracking the integration of quantum tech into the state's economy." IonQ CEO Niccolo de Masi explained that the company "is excited to collaborate with Texas leaders, universities, and industry to help catalyze a new era of quantum-powered solutions." IonQ shares have spent most of the year in negative territory, but following the news they've moved slightly into the green for 2025. Shares of rivals Rigetti Computing (RGTI) and Quantum Computing (QUBT) also gained. Read the original article on Investopedia Error in retrieving data Sign in to access your portfolio Error in retrieving data Error in retrieving data Error in retrieving data Error in retrieving data
Associated Press
30-06-2025
- Business
- Associated Press
Texas Legislature Passes IonQ-Supported Quantum Initiative, Advancing Quantum Ecosystem Across the State
COLLEGE PARK, Md.--(BUSINESS WIRE)--Jun 30, 2025-- IonQ (NYSE: IONQ), a leading commercial quantum computing and networking company, today announced its commitment to helping build a thriving quantum ecosystem in Texas, following the passage of the Texas Quantum Initiative (HB 4751) in the 89th Texas Legislature. This legislation positions Texas to become a major hub for quantum innovation. IonQ's engagement with Texas policymakers and research institutions reflects its broader vision to expand regional quantum economies across the United States. Earlier this year, IonQ CEO Niccolo de Masi testified before the Texas Senate Business and Commerce Committee in support of HB 4751, emphasizing the critical role of quantum computing in addressing future cybersecurity and economic challenges. 'The Texas Quantum Initiative is more than just policy. It's a platform for transformative innovation, secure infrastructure, and inclusive workforce development,' said Niccolo de Masi, CEO of IonQ. 'We commend Governor Abbott, Chairman Capriglione, Senator Parker, Chairman Schwertner and the Texas legislature, for taking bold steps to secure Texas's place in the global quantum economy. IonQ is excited to collaborate with Texas leaders, universities, and industry to help catalyze a new era of quantum-powered solutions.' The Texas Quantum Initiative establishes a strategic framework to leverage the state's academic strength, technology sector, and entrepreneurial drive. It will provide guidance, investment incentives, and research opportunities that advance quantum computing, networking, and sensing technologies. 'Quantum technology is no longer a distant idea; it is quickly becoming a reality, influencing national security, manufacturing, pharmaceuticals, climate science, and critical infrastructure,' said Chairman Capriglione. 'The U.S. and other nations are competing to develop and implement these capabilities. The Texas Quantum Initiative helps Texas lead in this field by encouraging quantum innovation and fast-tracking the integration of quantum tech into the state's economy.' IonQ's participation in SXSW 2025 quantum events – alongside Texas lawmakers and industry peers – further underscored the company's readiness to contribute to Texas's quantum momentum. In addition to its ongoing collaboration with academic and industry partners nationwide, IonQ will look to support education and training programs in Texas. 'Quantum technologies offer unparalleled potential to protect digital infrastructure, optimize systems, and uncover solutions that were once beyond reach,' de Masi added. 'We believe Texas is poised to play a defining role in the future of this technology.' About IonQ IonQ, Inc. is a leading commercial quantum computing and networking company, delivering high-performance systems aimed at solving the world's largest and most complex commercial and research use cases. IonQ's current generation quantum computers, IonQ Forte and IonQ Forte Enterprise, are the latest in a line of cutting-edge systems and represent the forefront of the company's technological roadmap as it advances toward its goal of building quantum computers with 2 million physical qubits by 2030. The company's innovative technology and rapid growth were recognized in Newsweek's 2025 Excellence Index 1000, Forbes' 2025 Most Successful Mid-Cap Companies list, and Built In's 2025 100 Best Midsize Places to Work in Washington DC and Seattle, respectively. Available through all major cloud providers, IonQ is making quantum computing more accessible and impactful than ever before. Learn more at IonQ Forward-Looking Statements This press release contains certain forward-looking statements within the meaning of Section 27A of the Securities Act of 1933, as amended, and Section 21E of the Securities Exchange Act of 1934, as amended. Some of the forward-looking statements can be identified by the use of forward-looking words. Statements that are not historical in nature, including the words 'advances,' 'aimed,' 'available,' 'believe,' 'build,' 'catalyze,' 'collaborate,' 'commitment,' 'contribute,' 'cutting-edge,' 'delivering,' 'forefront,' 'goal,' 'impactful,' 'ongoing,' 'potential,' 'will,' and other similar expressions are intended to identify forward-looking statements. These statements include those related to the IonQ's quantum computing capabilities and plans; IonQ's technology driving commercial quantum advantage; the future impacts of IonQ's offerings available today; and the scalability, fidelity, efficiency, viability, accessibility, effectiveness, importance, reliability, performance, speed, impact, practicality, feasibility, and commercial-readiness of IonQ's offerings. Forward-looking statements are predictions, projections, and other statements about future events that are based on current expectations and assumptions and, as a result, are subject to risks and uncertainties. Many factors could cause actual future events to differ materially from the forward-looking statements in this press release, including but not limited to: IonQ's ability to implement its technical roadmap; changes in the competitive industries in which IonQ operates, including development of competing technologies; IonQ's ability to deliver, and customers' ability to generate, value from IonQ's offerings; IonQ's ability to sell effectively to government organizations and large enterprises; IonQ's ability to implement its business plans, forecasts, roadmaps and other expectations, to identify and realize partnerships and opportunities, and to engage new and existing customers; IonQ's ability to effectively enter new markets; IonQ's ability to deliver services and products within currently anticipated timelines; IonQ's customers deciding or declining to extend contracts into new phases; changes in U.S. government spending or policy that may affect IonQ's customers; and risks associated with U.S. government sales, including availability of funding and provisions that may allow the government to unilaterally terminate or modify contracts for convenience. You should carefully consider the foregoing factors and the other risks and uncertainties disclosed in the Company's filings, including but not limited to those described in the 'Risk Factors' section of IonQ's filings with the U.S. Securities and Exchange Commission, including but not limited to the Company's most recent Annual Report on Form 10-K and reports on Form 10-Q. These filings identify and address other important risks and uncertainties that could cause actual events and results to differ materially from those contained in the forward-looking statements. Forward-looking statements speak only as of the date they are made. Readers are cautioned not to put undue reliance on forward-looking statements, and IonQ assumes no obligation and does not intend to update or revise these forward-looking statements, whether as a result of new information, future events, or otherwise. IonQ does not give any assurance that it will achieve its expectations. IonQ may or may not choose to practice or otherwise use the inventions described in the issued patents in the future. View source version on CONTACT: IonQ Media contact: Jane Mazur [email protected] Investor Contact: [email protected] KEYWORD: UNITED STATES NORTH AMERICA TEXAS MARYLAND INDUSTRY KEYWORD: SOFTWARE RESEARCH NETWORKS OTHER DEFENSE INTERNET CONTRACTS HARDWARE TECHNOLOGY DEFENSE SEMICONDUCTOR SCIENCE OTHER SCIENCE SOURCE: IonQ Copyright Business Wire 2025. PUB: 06/30/2025 07:05 AM/DISC: 06/30/2025 07:05 AM
Business Wire
30-06-2025
- Business
- Business Wire
Texas Legislature Passes IonQ-Supported Quantum Initiative, Advancing Quantum Ecosystem Across the State
COLLEGE PARK, Md.--(BUSINESS WIRE)--IonQ (NYSE: IONQ), a leading commercial quantum computing and networking company, today announced its commitment to helping build a thriving quantum ecosystem in Texas, following the passage of the Texas Quantum Initiative (HB 4751) in the 89th Texas Legislature. This legislation positions Texas to become a major hub for quantum innovation. IonQ's engagement with Texas policymakers and research institutions reflects its broader vision to expand regional quantum economies across the United States. Earlier this year, IonQ CEO Niccolo de Masi testified before the Texas Senate Business and Commerce Committee in support of HB 4751, emphasizing the critical role of quantum computing in addressing future cybersecurity and economic challenges. 'The Texas Quantum Initiative is more than just policy. It's a platform for transformative innovation, secure infrastructure, and inclusive workforce development,' said Niccolo de Masi, CEO of IonQ. 'We commend Governor Abbott, Chairman Capriglione, Senator Parker, Chairman Schwertner and the Texas legislature, for taking bold steps to secure Texas's place in the global quantum economy. IonQ is excited to collaborate with Texas leaders, universities, and industry to help catalyze a new era of quantum-powered solutions.' The Texas Quantum Initiative establishes a strategic framework to leverage the state's academic strength, technology sector, and entrepreneurial drive. It will provide guidance, investment incentives, and research opportunities that advance quantum computing, networking, and sensing technologies. 'Quantum technology is no longer a distant idea; it is quickly becoming a reality, influencing national security, manufacturing, pharmaceuticals, climate science, and critical infrastructure,' said Chairman Capriglione. 'The U.S. and other nations are competing to develop and implement these capabilities. The Texas Quantum Initiative helps Texas lead in this field by encouraging quantum innovation and fast-tracking the integration of quantum tech into the state's economy.' IonQ's participation in SXSW 2025 quantum events – alongside Texas lawmakers and industry peers – further underscored the company's readiness to contribute to Texas's quantum momentum. In addition to its ongoing collaboration with academic and industry partners nationwide, IonQ will look to support education and training programs in Texas. 'Quantum technologies offer unparalleled potential to protect digital infrastructure, optimize systems, and uncover solutions that were once beyond reach,' de Masi added. 'We believe Texas is poised to play a defining role in the future of this technology.' About IonQ IonQ, Inc. is a leading commercial quantum computing and networking company, delivering high-performance systems aimed at solving the world's largest and most complex commercial and research use cases. IonQ's current generation quantum computers, IonQ Forte and IonQ Forte Enterprise, are the latest in a line of cutting-edge systems and represent the forefront of the company's technological roadmap as it advances toward its goal of building quantum computers with 2 million physical qubits by 2030. The company's innovative technology and rapid growth were recognized in Newsweek's 2025 Excellence Index 1000, Forbes' 2025 Most Successful Mid-Cap Companies list, and Built In's 2025 100 Best Midsize Places to Work in Washington DC and Seattle, respectively. Available through all major cloud providers, IonQ is making quantum computing more accessible and impactful than ever before. Learn more at IonQ Forward-Looking Statements This press release contains certain forward-looking statements within the meaning of Section 27A of the Securities Act of 1933, as amended, and Section 21E of the Securities Exchange Act of 1934, as amended. Some of the forward-looking statements can be identified by the use of forward-looking words. Statements that are not historical in nature, including the words 'advances,' 'aimed,' 'available,' 'believe,' 'build,' 'catalyze,' 'collaborate,' 'commitment,' 'contribute,' 'cutting-edge,' 'delivering,' 'forefront,' 'goal,' 'impactful,' 'ongoing,' 'potential,' 'will,' and other similar expressions are intended to identify forward-looking statements. These statements include those related to the IonQ's quantum computing capabilities and plans; IonQ's technology driving commercial quantum advantage; the future impacts of IonQ's offerings available today; and the scalability, fidelity, efficiency, viability, accessibility, effectiveness, importance, reliability, performance, speed, impact, practicality, feasibility, and commercial-readiness of IonQ's offerings. Forward-looking statements are predictions, projections, and other statements about future events that are based on current expectations and assumptions and, as a result, are subject to risks and uncertainties. Many factors could cause actual future events to differ materially from the forward-looking statements in this press release, including but not limited to: IonQ's ability to implement its technical roadmap; changes in the competitive industries in which IonQ operates, including development of competing technologies; IonQ's ability to deliver, and customers' ability to generate, value from IonQ's offerings; IonQ's ability to sell effectively to government organizations and large enterprises; IonQ's ability to implement its business plans, forecasts, roadmaps and other expectations, to identify and realize partnerships and opportunities, and to engage new and existing customers; IonQ's ability to effectively enter new markets; IonQ's ability to deliver services and products within currently anticipated timelines; IonQ's customers deciding or declining to extend contracts into new phases; changes in U.S. government spending or policy that may affect IonQ's customers; and risks associated with U.S. government sales, including availability of funding and provisions that may allow the government to unilaterally terminate or modify contracts for convenience. You should carefully consider the foregoing factors and the other risks and uncertainties disclosed in the Company's filings, including but not limited to those described in the 'Risk Factors' section of IonQ's filings with the U.S. Securities and Exchange Commission, including but not limited to the Company's most recent Annual Report on Form 10-K and reports on Form 10-Q. These filings identify and address other important risks and uncertainties that could cause actual events and results to differ materially from those contained in the forward-looking statements. Forward-looking statements speak only as of the date they are made. Readers are cautioned not to put undue reliance on forward-looking statements, and IonQ assumes no obligation and does not intend to update or revise these forward-looking statements, whether as a result of new information, future events, or otherwise. IonQ does not give any assurance that it will achieve its expectations. IonQ may or may not choose to practice or otherwise use the inventions described in the issued patents in the future.
