IonQ (NYSE: IONQ) shares closed 12.24% higher. The stock ended the session at $58.89. Trading volume reached double the daily average.
The Trump Administration announced a $2 billion U.S. quantum funding program. Under the initiative, the Commerce Department will award grants to quantum computing firms in exchange for equity stakes. IonQ shares rose as the commitment catalyzed a broad sector rally, despite the company not being among the nine direct grant recipients.
IonQ reported record Q1 2026 revenue of $64.7 million. This figure represents a 755% year-over-year surge. Shareholders also approved the company’s pending $1.8 billion acquisition of SkyWater Technology. These developments validated long-term commercial interest in quantum technology.