IonQ Shares Pop In Quantum Move; U.S. Funds Go To Rival

IonQ Inc. stock jumped 12.24% to $58.89 at the close Thursday as quantum-computing names caught a bid after reports of new federal funding. That move topped the wider market, with the Dow up 0.55%, S&P 500 up 0.17%, and Nasdaq rising 0.09%.

MicroAlgo Shares Surge 40% as Quantum Release Drives MLGO Spike

MicroAlgo Shares Surge 40% as Quantum Release Drives MLGO Spike

MicroAlgo Inc. stock surged 39.95% Wednesday after the Shenzhen-based algorithm developer announced a proposed quantum image edge-extraction algorithm for noisy images. The news fueled heavy trading in MLGO, a small-cap name known for big swings. Shares finished the day at $5.36 after hitting $6.87 earlier, then dipped to $5.22 in after-hours trading, which means trades after the closing bell.
MicroAlgo Stock Jumps Before The Bell As Quantum Circuit Algorithm Puts MLGO Back In Play

MicroAlgo Stock Jumps Before The Bell As Quantum Circuit Algorithm Puts MLGO Back In Play

MicroAlgo Inc. rolled out a new claim on Thursday, touting a multi-objective evolutionary algorithm for automating quantum circuit design. The Shenzhen firm, which trades on the Nasdaq, says the tool targets the creation of the gate-level instructions essential for running software on quantum computers. Shares swung sharply ahead of Friday’s U.S. open after the announcement.
Xanadu Quantum Technologies Stock Gets Its First Public Earnings Test—and Losses Still Rule

Xanadu Quantum Technologies Stock Gets Its First Public Earnings Test—and Losses Still Rule

Xanadu Quantum Technologies Limited posted first-quarter revenue of $2.8 million, up sharply from $0.7 million a year ago, but losses also deepened. The company said net loss increased to $20.6 million, or 28 cents per share, compared with $12.2 million, or 22 cents, in the prior-year period. The results, released Thursday, offer an early glimpse at the mounting costs tied to bringing its photonic quantum-computing business to the public markets.
1 3 4 5 6 7 24