Shares of IonQ Inc. (IONQ) surged 5.16% in pre-market trading on Wednesday, following the disclosure of a significant investment by tech giant Amazon. The quantum computing company's stock price jumped after Amazon revealed a $36.7 million stake in IonQ through a late Tuesday 13F SEC filing.
According to the filing, Amazon now owns 854,207 shares of IonQ, signaling a strong vote of confidence in the quantum computing sector. This move by one of the world's largest tech companies has sparked investor interest, driving up IonQ's stock price. The pre-market surge comes on the heels of a 5.4% gain in Tuesday's regular trading session, where IonQ's stock closed at $42.02.
Investors should note that IonQ is scheduled to report its second-quarter earnings after the market close on Wednesday. As one of the first quantum computing companies to report this earnings season, IonQ's results and future guidance could have a significant impact on the sector. While the Amazon investment news has provided a boost, the upcoming earnings report may introduce volatility to the stock price in the near term.
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