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What happened: IonQ (IONQ) jumped more than 15% Monday, breaking to a six-month high as quantum stocks caught a fresh bid.
What’s behind the move: SkyWater stockholders on Friday approved IonQ’s planned acquisition of the pure-play semiconductor foundry, giving the quantum stock a fresh catalyst. The $1.8 billion deal would bring SkyWater’s US-based semiconductor manufacturing and advanced packaging capabilities inside IonQ, giving the company more control over a key part of its quantum supply chain. The transaction is still subject to regulatory approvals and is expected to close in the second or third quarter of 2026.
Last week, IonQ raised its full-year revenue outlook, but the stock fell after its first-quarter earnings announcement as investors focused on losses and the still-speculative path to commercial quantum computing.
By the numbers: IonQ is up 85% from its March 30 low but remains over 30% below its record high, as the quantum trade got pulverised from October to March.
Monday’s surge pushed IonQ through its recent range, a move that may have forced bearish bets to unwind as the stock broke to fresh six-month highs.
What else you need to know: The broader quantum trade is rebounding, too. D-Wave Quantum (QBTS) is up nearly 75% from the March 30 general market low, while Quantum Computing (QUBT) and Rigetti Computing (RGTI) are up about 50% since then. Horizon Quantum Holdings (HQ) is surging 15% Monday.
Jared Blikre is the global markets and data editor for Yahoo Finance. Follow him on X at @SPYJared or email him at jaredblikre@yahooinc.com.
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