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-0.00097560975609754 -0.00196097560975603 -0.00585365853658524 -0.00878048780487804 -0.00780487804878049 0.0360975609756099 0.0585365853658536 0.0614634146341464
Stock impact report

IonQ sees strong 2024 revenue & bookings growth, touts AI capabilities of its computers [Seeking Alpha]

IonQ, Inc. (IONQ) 
Company Research Source: Seeking Alpha
The company also touted the capabilities of its computers in terms of being able to handle the vast amounts of data required to train certain large language models. IONQ stock had pared a chunk of its gains and was last up 0.2% to $11.29 after hours. Strong Revenue Numbers, Profitability Still Elusive IonQ ( IONQ reported a Q4 2023 loss per share of 20 cents on revenue of $6.1M. Analysts had expected a loss of 17 cents per share on sales of $5.76M. IonQ ( IONQ ) went public through a SPAC merger in 2021. The College Park, Md.-based company has developed current generation quantum computers with varying levels of capacity. The highest performing of them is the IonQ Forte, for which the company said it achieved a technical milestone in ramping up capacity to 35 to 36 algorithmic qubits a full year earlier than its own schedule. Quantum machine learning works by using quantum bits, or "qubits" to perform computation on input data using quantum circuits. IonQ's ( IONQ ) full Show less Read more
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