IonQ shares leap on major investment
The quantum computing company's shares get a boost.
When we last left InoQ (IONQ) , the quantum-computing company's stock was sinking like a submarine with a screen door.
IonQ's shares took a beating last month following a mixed earnings report and a negative outlook. Revenue had climbed but losses were mounting.
The company entered an agreement with the investment banks Morgan Stanley and Needham, under which IonQ might sell as much as $500 million of stock at prevailing market prices, potentially diluting current shareholders.
IonQ had also gotten hammered in January when Jensen Huang, founder and CEO of AI superpower Nvidia (NVDA) , had some discouraging words for the quantum-computing sector.
