What's Going On With IonQ Inc. Stock?
Portfolio Pulse from Erica Kollmann
IonQ, Inc. (NYSE:IONQ) shares are trading higher after the company unveiled its two new rack-mounted quantum computer systems, the IonQ Forte Enterprise and the IonQ Tempo, for enterprise data centers. The new systems are designed for complex computational problems and far exceed the capabilities of classical computers and GPUs. IonQ stock has significant short interest with 16.45% of IONQ shares being sold short.
September 27, 2023 | 5:17 pm
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IonQ unveiled two new quantum computer systems, potentially boosting its market position. The stock has significant short interest, with 16.45% of shares being sold short.
The unveiling of the new quantum computer systems could strengthen IonQ's position in the market, potentially leading to increased demand for its shares. However, the significant short interest indicates that many investors are betting on the stock's price to fall, which could put downward pressure on the stock in the short term.
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