On June 23, IonQ rose 5.37% in regular trading, trading at $58.54/share, with turnover of $788 million.
On the news front, President Trump signed executive orders aimed at accelerating quantum research, laying the groundwork for federal agencies to adopt the technology and targeting the production of a quantum computer capable of significant scientific calculations by 2028. Earlier in May, the Commerce Department announced over $2 billion in funding in exchange for non-controlling equity stakes in quantum computing companies including IBM and GlobalFoundries. The policy push broadly lifted quantum computing stocks in the session.
Additionally, the stock continues its technical recovery after previously dropping from approximately $68 to near $53 due to capital diversion effects from Quantinuum's Nasdaq IPO at a valuation exceeding $14 billion. With the IPO subscription window closed and prior selling pressure digested, sector sentiment has steadily improved, further supported by recent remarks from NVIDIA CEO Jensen Huang suggesting a quantum computing inflection point has arrived.
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