Amazon Holds 850,000 Shares in Quantum Computing Firm IonQ as Stock Surges 90% on Industry Hype
Summary
Amazon holds 850,000 shares in quantum computing company IonQ as the stock rockets 90% since September, with IonQ's room-temperature trapped-ion technology offering superior accuracy over competitors and the CEO projecting $1 billion in annual sales by 2030.
Key Points
- Amazon holds over 850,000 shares of quantum computing company IonQ, representing about 0.3% of the company's total shares outstanding
- IonQ uses trapped-ion technology that operates at room temperature and offers higher accuracy compared to competitors using superconducting technology that requires near absolute zero cooling
- IonQ's CEO projects the company will reach profitability with approximately $1 billion in annual sales by 2030, though the stock has surged 90% since September amid quantum computing investment hype