IonQ said on Tuesday, Sept. 22 that it has developed the industry's first end-to-end, real-time quantum error-correction decoder, running on a single standard CPU. The stock jumped more than 11% the next day after IonQ also said its Superion 256 will become the first on-premises quantum processor at Nvidia's Accelerated Quantum Research Center, even though shares remain down more than 40% over the past 12 months.
On Tuesday, Sept. 22, IonQ said it may have found a solution to the errors that slip into quantum computing calculations, announcing what it called the industry's first end-to-end, real-time quantum error-correction decoder.
A CPU-based decoder and an Nvidia deployment
The breakthrough runs on a single standard CPU. The following day, IonQ said its Superion 256 will become the first on-premises quantum processor at Nvidia's Accelerated Quantum Research Center.
The market responded quickly. IonQ's stock price rose more than 11% on Wednesday following the news, and shares traded around $45.48, up 1.11% on the day the report was published.
A speculative bet with a rich valuation
The decoder was validated on simulated data rather than in a live system, so how commercially viable it becomes remains to be seen. IonQ is also deeply unprofitable, and its valuation is rich relative to its financials.
Despite the rally, shares of IonQ have fallen more than 40% in the past year. Investors interested in the sector should recognize its longer time horizon and volatility.
Source: The Motley Fool
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