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IONQ and SC Quantum Collaborate to Boost Quantum Computing
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IonQ (IONQ - Free Report) recently inked a deal with South Carolina Quantum (SC Quantum). Per the agreement, IONQ and SC Quantum will work together for the advancement of the quantum ecosystem in South Carolina. It aims to offer enhanced quantum computing capabilities and professional services for the partners of SC Quantum, including enterprises, startups, industries and academic institutions.
SC Quantum was established to fuel the advancement of quantum talent and technology in South Carolina.
The alliance is likely to foster the initiative of South Carolina to build a “quantum-focused” workforce and introduce “quantum-smart” technologies in the state. In an effort to develop quantum-specific knowledge across various sectors in the state, the companies will create quantum-specific academic coursework.
The aim is to train individuals in harnessing the power of growing quantum computing technologies in the market, significant for developing the state’s economy.
In today’s dynamic tech backdrop, quantum computing is one of the most evolving technologies. It has the potential to perform several types of calculations at a faster speed with precison, taking advantage of quantum mechanics phenomena. These new-age computers harness the power of quantum tunneling and quantum entanglement to create multi-dimensional spaces and solve complex problems.
Per a report by Fortune Business Insights, the quantum computing market size is projected to go from $928.8 million in 2023 to $6,528.8 million by 2030, at a CAGR of 32.1%. Government organizations across the globe are injecting substantial investments in the development of quantum technologies to encourage industries to benefit from this advanced computing technology.
IonQ is one of the prominent providers of quantum computing and general-purpose quantum computing systems. Recently, IonQ established its first quantum manufacturing facility in the country in Seattle, WA.
IONQ’s latest quantum computer IonQ Forte was made available on Amazon Braket, which is Amazon Web Services’ quantum computing service, in the fourth quarter of 2023. The cutting-edge system, comprising 36 algorithmic qubits, got recognition in Fast Company’s 2023 Next Big Things in Tech List and Deloitte’s 2023 Technology Fast 500 List, respectively.
IONQ currently carries a Zacks Rank #3 (Hold). In the past year, the stock has gained 89.7% compared with the Zacks sub-industry’s growth of 40.3%.
Image Source: Zacks Investment Research
Stocks to Consider
Workday Inc. (WDAY - Free Report) , carrying a Zacks Rank #2 (Buy) at present, delivered an earnings surprise of 9.03% in the last reported quarter.
Workday is a provider of enterprise-level software solutions for financial management and human resource domains. The company’s cloud-based platform combines finance and HR in a single system that makes it easier for organizations to provide analytical insights and decision support. You can see the complete list of today’s Zacks #1 Rank (Strong Buy) stocks here.
AudioCodes Ltd. (AUDC - Free Report) currently carries a Zacks Rank #2. It has a long-term earnings growth expectation of 24.8% and delivered an earnings surprise of 20.1%, on average, in the trailing four quarters.
Headquartered in Lod, Israel, AudioCodes offers advanced communications software, products and productivity solutions for the digital workplace. It provides a broad range of innovative products, solutions and services that are used by large multi-national enterprises and leading tier-1 operators around the world.
Pinterest (PINS - Free Report) , carrying a Zacks Rank #2 at present, delivered a trailing four-quarter average earnings surprise of 37.42%. In the last reported quarter, it delivered an earnings surprise of 3.92%.
Pinterest is increasingly establishing a unique value proposition to advertisers that could provide a competitive advantage in the long haul. Through various innovations, it continues to dramatically improve the advertising platform, which presently appears to be one of the best ad platforms for consumer discretionary brands looking for new ways to reach customers and stretch smaller ad budgets.
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IONQ and SC Quantum Collaborate to Boost Quantum Computing
IonQ (IONQ - Free Report) recently inked a deal with South Carolina Quantum (SC Quantum). Per the agreement, IONQ and SC Quantum will work together for the advancement of the quantum ecosystem in South Carolina. It aims to offer enhanced quantum computing capabilities and professional services for the partners of SC Quantum, including enterprises, startups, industries and academic institutions.
SC Quantum was established to fuel the advancement of quantum talent and technology in South Carolina.
The alliance is likely to foster the initiative of South Carolina to build a “quantum-focused” workforce and introduce “quantum-smart” technologies in the state. In an effort to develop quantum-specific knowledge across various sectors in the state, the companies will create quantum-specific academic coursework.
The aim is to train individuals in harnessing the power of growing quantum computing technologies in the market, significant for developing the state’s economy.
In today’s dynamic tech backdrop, quantum computing is one of the most evolving technologies. It has the potential to perform several types of calculations at a faster speed with precison, taking advantage of quantum mechanics phenomena. These new-age computers harness the power of quantum tunneling and quantum entanglement to create multi-dimensional spaces and solve complex problems.
Per a report by Fortune Business Insights, the quantum computing market size is projected to go from $928.8 million in 2023 to $6,528.8 million by 2030, at a CAGR of 32.1%. Government organizations across the globe are injecting substantial investments in the development of quantum technologies to encourage industries to benefit from this advanced computing technology.
IonQ is one of the prominent providers of quantum computing and general-purpose quantum computing systems. Recently, IonQ established its first quantum manufacturing facility in the country in Seattle, WA.
IONQ’s latest quantum computer IonQ Forte was made available on Amazon Braket, which is Amazon Web Services’ quantum computing service, in the fourth quarter of 2023. The cutting-edge system, comprising 36 algorithmic qubits, got recognition in Fast Company’s 2023 Next Big Things in Tech List and Deloitte’s 2023 Technology Fast 500 List, respectively.
IONQ currently carries a Zacks Rank #3 (Hold). In the past year, the stock has gained 89.7% compared with the Zacks sub-industry’s growth of 40.3%.
Image Source: Zacks Investment Research
Stocks to Consider
Workday Inc. (WDAY - Free Report) , carrying a Zacks Rank #2 (Buy) at present, delivered an earnings surprise of 9.03% in the last reported quarter.
Workday is a provider of enterprise-level software solutions for financial management and human resource domains. The company’s cloud-based platform combines finance and HR in a single system that makes it easier for organizations to provide analytical insights and decision support. You can see the complete list of today’s Zacks #1 Rank (Strong Buy) stocks here.
AudioCodes Ltd. (AUDC - Free Report) currently carries a Zacks Rank #2. It has a long-term earnings growth expectation of 24.8% and delivered an earnings surprise of 20.1%, on average, in the trailing four quarters.
Headquartered in Lod, Israel, AudioCodes offers advanced communications software, products and productivity solutions for the digital workplace. It provides a broad range of innovative products, solutions and services that are used by large multi-national enterprises and leading tier-1 operators around the world.
Pinterest (PINS - Free Report) , carrying a Zacks Rank #2 at present, delivered a trailing four-quarter average earnings surprise of 37.42%. In the last reported quarter, it delivered an earnings surprise of 3.92%.
Pinterest is increasingly establishing a unique value proposition to advertisers that could provide a competitive advantage in the long haul. Through various innovations, it continues to dramatically improve the advertising platform, which presently appears to be one of the best ad platforms for consumer discretionary brands looking for new ways to reach customers and stretch smaller ad budgets.