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IonQ ends higher as company, Maryland unveil $1B quantum initiative


Published on 2025-01-14 16:22:25 - MSN
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  • IonQ (NYSE:IONQ) shares ended more than 6% higher on Tuesday after the company and the state of Maryland unveiled a $1B initiative to make the state the home of quantum computing. As part of the announcement,

IonQ, a quantum computing company, saw its stock rise after announcing a significant partnership with the state of Maryland. The initiative, backed by a $1 billion investment, aims to establish a quantum computing hub in College Park, Maryland. This collaboration will focus on advancing quantum technology, research, and workforce development. The investment will be used to build new facilities, support research, and create educational programs to train the next generation of quantum scientists and engineers. This move is part of a broader effort to position Maryland as a leader in the quantum technology sector, leveraging IonQ's expertise in quantum computing to drive innovation and economic growth.

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