We use cookies to understand how you use our site and to improve your experience.
This includes personalizing content and advertising.
By pressing "Accept All" or closing out of this banner, you consent to the use of all cookies and similar technologies and the sharing of information they collect with third parties.
You can reject marketing cookies by pressing "Deny Optional," but we still use essential, performance, and functional cookies.
In addition, whether you "Accept All," Deny Optional," click the X or otherwise continue to use the site, you accept our Privacy Policy and Terms of Service, revised from time to time.
You are being directed to ZacksTrade, a division of LBMZ Securities and licensed broker-dealer. ZacksTrade and Zacks.com are separate companies. The web link between the two companies is not a solicitation or offer to invest in a particular security or type of security. ZacksTrade does not endorse or adopt any particular investment strategy, any analyst opinion/rating/report or any approach to evaluating individual securities.
If you wish to go to ZacksTrade, click OK. If you do not, click Cancel.
How IonQ Could Benefit From Its Latest Quantum Collaborations
Read MoreHide Full Article
Key Takeaways
IonQ signed three agreements to expand quantum computing access, research and communications initiatives.
The company will invest $15 million over five years in a new Tennessee quantum communications center.
IonQ's shares gained 19.6% over 12 months, while its five-year forward P/S stands at 44.31X.
IonQ (IONQ - Free Report) has been active on the collaboration front in August, announcing three new agreements. The company recently announced that it is expanding access to its commercial trapped-ion quantum computing systems through a collaboration with Canadian Microelectronics Corporation (CMC Microsystems). Under a newly signed memorandum of understanding (MOU), IonQ will serve as a listed cloud quantum computing access provider for the Quantum Computing Sandbox (“QCS”).
The QCS is operated through FABrIC, backed by funding from Canada's Strategic Response Fund and managed by CMC Microsystems. The initiative offers engineering support and cloud quantum computing access to Canadian academics and small-to-medium-sized enterprises. It also expands IonQ’s commercial technology to more Canadian researchers and businesses.
IonQ also signed an MOU with Sandia National Laboratories to explore accelerated co-design of quantum information science technologies to advance U.S. national security innovation. The participation expands the company’s New Mexico presence and supports the development and deployment of next-generation quantum systems.
The MOU covers broader research and innovation activities related to system optimization, device development, characterization and testing, as well as efforts to advance quantum capabilities aligned with U.S. economic competitiveness and national security priorities.
IonQ and EPB — Chattanooga’s energy and communications solutions company — announced plans for the Tennessee Quantum Communications Research Center. The facility will be the first dedicated next-generation quantum communication research and development innovation lab directly connected to a real-world network. The initiative will be funded through a five-year, $15 million commitment from IonQ, with plans to bring experts in quantum memories to Chattanooga.
The Tennessee Quantum Communications Research Center builds on EPB and IonQ's strategic collaboration through their shared work to advance commercial quantum computing at the EPB Quantum Center.
IONQ’s Peer Updates
Quantinuum (QNT - Free Report) and Quanta Computer announced a collaborative development agreement to establish an industrial foundation for the next era of quantum computing. Under the terms of the agreement, the companies plan to jointly develop critical hardware infrastructure supporting future generations of Quantinuum's quantum systems, combining Quantinuum's quantum technology leadership with Quanta's expertise in scaling sophisticated computing platforms.
AMD (AMD - Free Report) announced a definitive agreement to acquire Taalas, a pioneer in specialized artificial intelligence (AI) inference silicon, strengthening its long-term AI roadmap with differentiated inference technology and engineering expertise. Taalas' technology will complement AMD's full-stack AI platform, including AMD Helios rackscale solutions, AMD Instinct GPUs, AMD EPYC CPUs, AMD ROCm software and the company's expanding AI ecosystem.
IONQ Stock Performance, Valuation and Estimates
Over the past 12 months, IonQ shares have risen 19.6% compared with the industry’s 225.2% growth.
Image Source: Zacks Investment Research
IONQ is trading at a forward, five-year price-to-sales (P/S) of 44.31X compared to the 5.68X industry average.
Image Source: Zacks Investment Research
Here’s how estimates for the company’s loss per share have been trending over the past three months.
Image Source: Zacks Investment Research
IONQ stock currently carries a Zacks Rank #4 (Sell).
View the Zacks #1 Rank List
Image: Bigstock
How IonQ Could Benefit From Its Latest Quantum Collaborations
Key Takeaways
IonQ (IONQ - Free Report) has been active on the collaboration front in August, announcing three new agreements. The company recently announced that it is expanding access to its commercial trapped-ion quantum computing systems through a collaboration with Canadian Microelectronics Corporation (CMC Microsystems). Under a newly signed memorandum of understanding (MOU), IonQ will serve as a listed cloud quantum computing access provider for the Quantum Computing Sandbox (“QCS”).
The QCS is operated through FABrIC, backed by funding from Canada's Strategic Response Fund and managed by CMC Microsystems. The initiative offers engineering support and cloud quantum computing access to Canadian academics and small-to-medium-sized enterprises. It also expands IonQ’s commercial technology to more Canadian researchers and businesses.
IonQ also signed an MOU with Sandia National Laboratories to explore accelerated co-design of quantum information science technologies to advance U.S. national security innovation. The participation expands the company’s New Mexico presence and supports the development and deployment of next-generation quantum systems.
The MOU covers broader research and innovation activities related to system optimization, device development, characterization and testing, as well as efforts to advance quantum capabilities aligned with U.S. economic competitiveness and national security priorities.
IonQ and EPB — Chattanooga’s energy and communications solutions company — announced plans for the Tennessee Quantum Communications Research Center. The facility will be the first dedicated next-generation quantum communication research and development innovation lab directly connected to a real-world network. The initiative will be funded through a five-year, $15 million commitment from IonQ, with plans to bring experts in quantum memories to Chattanooga.
The Tennessee Quantum Communications Research Center builds on EPB and IonQ's strategic collaboration through their shared work to advance commercial quantum computing at the EPB Quantum Center.
IONQ’s Peer Updates
Quantinuum (QNT - Free Report) and Quanta Computer announced a collaborative development agreement to establish an industrial foundation for the next era of quantum computing. Under the terms of the agreement, the companies plan to jointly develop critical hardware infrastructure supporting future generations of Quantinuum's quantum systems, combining Quantinuum's quantum technology leadership with Quanta's expertise in scaling sophisticated computing platforms.
AMD (AMD - Free Report) announced a definitive agreement to acquire Taalas, a pioneer in specialized artificial intelligence (AI) inference silicon, strengthening its long-term AI roadmap with differentiated inference technology and engineering expertise. Taalas' technology will complement AMD's full-stack AI platform, including AMD Helios rackscale solutions, AMD Instinct GPUs, AMD EPYC CPUs, AMD ROCm software and the company's expanding AI ecosystem.
IONQ Stock Performance, Valuation and Estimates
Over the past 12 months, IonQ shares have risen 19.6% compared with the industry’s 225.2% growth.
Image Source: Zacks Investment Research
IONQ is trading at a forward, five-year price-to-sales (P/S) of 44.31X compared to the 5.68X industry average.
Image Source: Zacks Investment Research
Here’s how estimates for the company’s loss per share have been trending over the past three months.
Image Source: Zacks Investment Research
IONQ stock currently carries a Zacks Rank #4 (Sell).
You can see the complete list of today’s Zacks #1 Rank (Strong Buy) stocks here.