Latest news with #IonQ
Business Insider
2 hours ago
- Business
- Business Insider
M&A News: IONQ Powers Higher After Sealing $1B Oxford Ionics Deal
Shares in quantum computing firm IonQ (IONQ) strengthened today as it snapped up British peer Oxford Ionics for $1.08 billion. Confident Investing Starts Here: Groundbreaking Tech IonQ, whose shares climbed over 3%, said the deal brings together its quantum compute, application and networking stack with Oxford Ionics' groundbreaking ion-trap technology manufactured on standard semiconductor chips. The combined technologies are expected to deliver innovative, reliable quantum computers that increase in power, scale, and problem-solving capabilities. Indeed, IonQ hopes it will accelerate innovation in drug discovery, materials science, financial modeling, logistics, chemistry, aerospace, cybersecurity and defense. The acquisition of Oxford Ionics follows IonQ's recent purchase of Lightsynq and pending acquisition of Capella. Quantum computers are faster and more efficient than their classical counterparts, performing more niche and advanced calculations, partly due to their ability to predict the results of multiple paths simultaneously and store vast amounts of data. The technology is drawing hundreds of millions of dollars in funding from technology giants such as Microsoft (MSFT) and, Alphabet's Google (GOOGL). The quantum computing market is projected to create up to $850 billion of global economic value by 2040 according to Boston Consulting Group. Drug Results Investors also got excited by results of a collaborative research program between IonQ, AstraZeneca (AZN) Amazon (AMZN) Web Services (AWS), and Nvidia (NVDA) to develop and demonstrate a quantum-accelerated computational chemistry workflow to develop drugs. IonQ said this demonstration focused on a critical step in a Suzuki-Miyaura reaction – a class of chemical transformations used for the synthesis of small molecule drugs. By integrating IonQ's Forte quantum processing unit (QPU) with the Nvidia CUDA-Q platform through Amazon Braket and AWS ParallelCluster services, the team achieved an over 20 times improvement in runtime. That means in simple terms completing the reaction in days not months. Is IONQ a Good Stock to Buy Now? On TipRanks, IONQ has a Strong Buy consensus based on 4 Buy and 1 Hold rating. Its highest price target is $50. IONQ stock's consensus price target is $40 implying a 0.15% downside.
Daily Mail
9 hours ago
- Business
- Daily Mail
British quantum computing start-up spun out of Oxford University snapped up by US rival in £800m deal
A British quantum computing start-up spun out of Oxford University has been snapped up by a US rival. Oxford Ionics agreed to an £800million takeover by Maryland-based quantum computing firm IonQ. Set up in 2019 by Oxford University physicists Chris Ballance and Tom Harty, Oxford Ionics is trying to develop one of the most accurate quantum computing machines. The group's founders and 80 staff will join IonQ when the deal is done. Oxford Ionics investors include British hedge fund Lansdowne Partners and Hermann Hauser, the founder of Cambridge-based chip giant Arm. Ballance said: 'We're tremendously excited to work alongside the teams at IonQ.'
Globe and Mail
11 hours ago
- Business
- Globe and Mail
IonQ Pops on Nvidia Collab. How Should You Play the Quantum Computing Stock Here?
IonQ (IONQ) shares are inching up at writing after the quantum technology specialist announced successful results from a high-profile research collaboration with Nvidia (NVDA), Amazon (AMZN) and AstraZeneca (AZN). On Monday, the group demonstrated quantum-accelerated computational chemistry workflow that could dramatically reduce the time required for drug development. Including today's gain, IONQ stock is up 120% versus its year-to-date low in March. Significance of Nvidia Collaboration for IonQ Stock The aforementioned collaboration is meaningful for IonQ shares as it validates the company's hybrid quantum-classical computing model in a real-world, high-stakes application: drug discovery. By linking its quantum hardware with Nvidia's advanced GPU acceleration and AWS' scalable infrastructure, the NYSE-listed firm has demonstrated tangible value in a notoriously computation-heavy sector. Not only do the findings strengthen IonQ's commercial credibility, but they also position it as a key player in the fast-emerging market of quantum-enhanced molecular modeling. Simply put, the research could open doors for more enterprise partnerships and significant revenue opportunities, which may translate to an increase in this quantum computing stock's price over time. IONQ Shares Gain on Oxford Ionics Acquisition IonQ shares are trending up at the time of writing also because the NYSE-listed firm announced a $1.1 billion acquisition of Oxford Ionics on Monday. Bringing the UK-based startup, known for its innovative trapped-ion quantum computing systems, under its umbrella strengthens IONQ's technology portfolio and global presence. The deal could accelerate IonQ's roadmap by integrating Oxford's breakthroughs with its hardware and cloud infrastructure. It also positions the company as a more formidable player in the race for commercial quantum advantage, expanding its tale base and IP. Still, analysts recommend caution in buying IONQ stock at current levels. Is It Too Late to Invest in IonQ? According to Wall Street analysts, a massive rally in IonQ shares over the past three months has baked in a lot of the good news already. While the consensus rating on IONQ still currently sits at ' Moderate Buy,' the mean target of $40 suggests the quantum computing stock is fairly valued and lacks any further upside from here.
Yahoo
11 hours ago
- Business
- Yahoo
Circle rally, EchoStar bankruptcy report, IonQ acquisition
Here are some of the stories Wall Street is watching on Monday, June 9. Circle's (CRCL) post-IPO rally has given the Ark Fintech Innovation (ARKF) fund a big boost. EchoStar (SATS) is considering bankruptcy according to a report from the Wall Street Journal. IonQ (IONQ) is acquiring a UK quantum startup called Oxford Ionics. Stay up to date on the latest market action, minute-by-minute, with Yahoo Finance's Market Minute. It's time for Yahoo Finance's Market Minute. Shares of the Ark Fintech ETF hit the highest level since 2021. The rally led by Circle which has surged nearly 300% since its IPO last week, up about 3% on the day. The ETF's top holdings also include Shopify, Robinhood and Coinbase. The fund is just under 20% so far this year. And shares of Echostar, the parent company of Dish and Boost Mobile falling. The company is reportedly considering a Chapter 11 bankruptcy filing to protect its licenses from a looming FCC inquiry, according to The Wall Street Journal. And IonQ shares rising on news that is acquiring UK-based quantum computing startup Oxford Ionics in an over $1 billion deal. The company saying the merger will set a new standard in quantum computing and deliver superior value for customers. And that's your Yahoo Finance Market Minute. For more on what's trending on Yahoo Finance, scan the QR code below to track the best and worst performing stocks of the session. Error in retrieving data Sign in to access your portfolio Error in retrieving data Error in retrieving data Error in retrieving data Error in retrieving data
Globe and Mail
14 hours ago
- Business
- Globe and Mail
Stocks Mixed as Markets Monitor US-China Trade Talks
The S&P 500 Index ($SPX) (SPY) today is up +0.07%, the Dow Jones Industrials Index ($DOWI) (DIA) is down -0.22%, and the Nasdaq 100 Index ($IUXX) (QQQ) is up +0.25%. June E-mini S&P futures (ESM25) are up +0.10%, and June E-mini Nasdaq futures (NQM25) are up +0.30%. Stock indexes are mixed today as the markets focus on any progress made in the US-China trade talks currently underway in London. The talks seek to resolve issues on rare-earth minerals and advanced technology, with the US seeking to restore flows of critical minerals and China seeking tariff reductions and easing of technology export controls. M&A activity is supportive of stocks after Qualcomm agreed to buy Alphawave IP Group Plc for about $2.4 billion. Also, IonQ agreed to buy Oxford Ionics in a deal valued at $1.075 billion. Weakness in insurance stocks is weighing on the overall market. Chinese trade news was below expectations and bearish for global growth prospects, as China's May exports rose +4.8% year-over-year, weaker than the expected +6.0% year-over-year increase. Also, May imports fell -3.4% y/y, weaker than expectations of -0.8% y/y. The markets this week will focus on any fresh tariff news and the US-China trade negotiations. On Wednesday, May CPI is expected to tick up to +2.5% y/y from +2.3% y/y in April, and May CPI ex-food and energy is expected to increase to +2.9% y/y from +2.8% y/y in April. On Thursday, weekly initial unemployment claims are expected to fall -6,000 to 241,000. Also, the May final-demand PPI is expected to increase to +2.6% y/y from +2.4% y/y in April, and May PPI ex-food and energy is expected to remain unchanged from April at +3.1% y/y. On Friday, the preliminary June University of Michigan US consumer sentiment index is expected to climb +1.3 to 53.5. The markets are discounting the chances at 0% for a -25 bp rate cut at the next FOMC meeting on June 17-18. Overseas stock markets today are mixed. The Euro Stoxx 50 is down -0.27%. China's Shanghai Composite rose to a 3-week high and closed up +0.43%. Japan's Nikkei Stock 225 climbed to a 1-week high and closed up +0.92%. Interest Rates September 10-year T-notes (ZNU2 5) today are down -1 tick. The 10-year T-note yield is up +0.2 bp to 4.508%. Sep T-notes today are slightly lower, and the 10-year T-note yield rose to a 1-week high of 4.516%. T-notes are under pressure today on carryover weakness in European government bonds. Also, today's rally in WTI crude oil prices to a 2-1/4 month high has raised inflation expectations, a bearish factor for T-notes. In addition, supply pressures are weighing on T-notes as the Treasury will auction $58 billion of 3-year T-notes on Tuesday as part of this week's $119 billion auction schedule of T-notes and T-bonds. European government bond yields today are moving higher. The 10-year German bund yield is up +0.9 bp to 2.585%. The 10-year UK gilt yield is up +1.7 bp to 4.661%. ECB Governing Council member Kazimir said the ECB is nearly, if not already, at the end of its interest rate cut cycle. Swaps are discounting the chances at 27% for a -25 bp rate cut by the ECB at the July 24 policy meeting. US Stock Movers Strength in chip stocks is giving the broader market a boost. Advanced Micro Devices (AMD) and ARM Holdings Plc (ARM) are up more than +4%, and Qualcomm (QCOM), ON Semiconductor (ON), Intel (INTC), ASML Holding NV (ASML), and Marvell Technology (MRVL) are up more than +3%. Also, Micron Technology (MU), GlobalFoundries (GFS), Microchip Technology (MCHP), Lam Research (LRCX), KLA Corp (KLAC), Texas Instruments (TXN), Nvidia (NVDA), Applied Materials (AMAT), and Analog Devices (ADI) are up more than +2%. Warner Bros Discovery (WBD) is up more than +7% to lead gainers in the S&P 500 after it said it will split into two publicly traded companies, one for streaming and studios business and one for TV networks operations. Goodyear Tire & Rubber (GT) is up more than +9% after BNP Paribas Exane upgraded the stock to outperform from neutral with a price target of $15. Etoro Group Ltd (ETOR) is up more than +7% after Mizuho Securities initiated coverage on the stock with a recommendation of outperform and a price target of $80. ABM Industries (ABM) is up more than +3% after Baird upgraded the stock to outperform from neutral with a price target of $56. Steven Madden Ltd (SHOO) is up more than +3% after Williams Trading LLC upgraded the stock to buy from hold with a price target of $31. IonQ (IONQ) is up more than +3% after agreeing to buy Oxford Ionics in a deal valued at $1.075 billion. Intuitive Surgical (ISRG) is down more than -7% to lead losers in the Nasdaq 100 after Deutsche Bank Downgraded the stock to sell from hold with a price target of $440. Insurance stocks are sliding today and pressuring the overall market. American International Group (AIG), Allstate (ALL), Aon Plc (AON), and Progressive Corp (PGR) are down more than -4%. Also, Arthur J Gallagher (AJG), Marsh & McLennan (MMC), and Willis Towers Watson Plc (WTW) are down more than -3%. In addition, Travelers Cos (TRV) is down more than -3% to lead losers in the Dow Jones Industrials. EchoStar (SATS) is down more than -6% after the Wall Street Journal reported the company is weighing a potential Chapter 11 bankruptcy filing amid an FCC review of certain of its wireless and satellite spectrum rights. Cheniere Energy (LNG) is down more than -5% on signs of insider selling after an SEC filing showed Director Shear sold $1.06 million of shares last Thursday. AppLovin (APP) is down by more than -4% after S&P Dow Jones Indices announced there are no changes to the S&P 500 Index, dampening speculation that the stock would be added to the index. Conagra Brands (CAG) is down more than -1% after Goldman Sachs downgraded the stock to sell from neutral with a price target of $221. Earnings Reports (6/9/2025) Borr Drilling Ltd (BORR), Calavo Growers Inc (CVGW), Casey's General Stores Inc (CASY), Gencor Industries Inc (GENC), Graham Corp (GHM), Hooker Furnishings Corp (HOFT), Limoneira Co (LMNR), NexPoint Diversified Real Estate Trust (NXDT).
