Today: 29 April 2026
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NASDAQ:IQ 2 August 2025 - 26 January 2026

Quantum Stocks Rip Higher: IonQ Up 700% – Bubble or Breakthrough?

IonQ’s Quantum Boom: 700% Stock Surge on Breakthrough Feats & $2B Mega-Funding

IonQ closed at $55.45 on Oct. 22 after peaking near $82 earlier in the month, still up about 700% for the year. The company reported a world-record 99.99% two-qubit gate fidelity and raised $2 billion in a share offering at $93. IonQ agreed to acquire Oxford Ionics for $1.08 billion and co-founded Italy’s “Q-Alliance” quantum hub. Analyst price targets range from $32 to $100, with consensus in the mid-$50s.
Quantum Race Heats Up: 10,000+ Qubit Leap, Grid Breakthrough & Big Tech Bets (Aug 1–2, 2025)

Quantum Race Heats Up: 10,000+ Qubit Leap, Grid Breakthrough & Big Tech Bets (Aug 1–2, 2025)

Fujitsu announced plans to build a superconducting quantum computer with over 10,000 qubits in Japan by fiscal 2030, targeting 250 logical qubits by 2030 and 1,000 by 2035. IonQ and Oak Ridge National Laboratory used IonQ’s 36-qubit system for grid optimization under the DOE GRID-Q program. Rigetti Computing reported 99.5% two-qubit gate fidelity on its 36-qubit processor, with a 100+ qubit system planned for late 2025.

Stock Market Today

  • Avantis International Equity ETF (AVDE) Sees $188M Inflows, Shell, HSBC, Novartis Impacted
    April 29, 2026, 11:45 AM EDT. The Avantis International Equity ETF (AVDE) experienced a significant $188.1 million inflow, marking a 2.2% rise in outstanding units week over week. Key underlying holdings include Shell plc (SHEL), which dipped 0.9%, HSBC Holdings plc (HSBC) up 0.7%, and Novartis (NVS) gaining 0.2%. AVDE's share price stands near its 52-week high at $76.43, close to the peak of $76.79, with a 52-week low at $58.56. The ETF creation process, involving issuance of new units, drives the purchase of underlying assets, affecting component stocks. Monitoring changes in ETF units offers insight into market demand and potential stock movements within funds.

Latest article

Applied Materials (AMAT) Faces Fresh China Shock After U.S. Targets Hua Hong Shipments

Applied Materials (AMAT) Faces Fresh China Shock After U.S. Targets Hua Hong Shipments

29 April 2026
The U.S. Commerce Department ordered Applied Materials, Lam Research, and KLA to halt some chip-tool shipments to China’s Hua Hong, Reuters reported. The move targets shipments linked to facilities believed capable of advanced chip production. Applied reported $2.10 billion in China revenue last quarter, or 30% of its total. Shares in Applied, Lam, and KLA traded lower after the news.
Cognizant Stock Drops As Weak Revenue Outlook Overshadows $600 Million AI Deal

Cognizant Stock Drops As Weak Revenue Outlook Overshadows $600 Million AI Deal

29 April 2026
Cognizant forecast second-quarter revenue below analyst estimates and announced Project Leap, a cost-cutting program focused on workforce reductions. Shares fell $1.67 to $53.45. The company reported first-quarter revenue of $5.41 billion, up 5.8%, and agreed to acquire AI infrastructure firm Astreya for about $600 million.
ON Semiconductor Stock Jumps as Geely and NIO Deals Put 900V EV Chips in Focus

ON Semiconductor Stock Jumps as Geely and NIO Deals Put 900V EV Chips in Focus

29 April 2026
ON Semiconductor shares jumped 8% Wednesday after announcing expanded silicon carbide chip deals with Geely Auto Group and NIO Inc., both focused on 900-volt electric vehicle platforms. The company’s market value reached about $41.2 billion ahead of first-quarter results due May 4. Investors are watching whether new auto-chip wins can offset uneven demand.
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