---
title: "Why Did IonQ Stock Pop Today?"
type: "News"
locale: "en"
url: "https://longbridge.com/en/news/287244531.md"
description: "IonQ's stock rose 9.5% following the U.S. government's announcement of $2 billion in quantum computing grants, although IonQ itself will not receive any funding. Instead, smaller competitors like D-Wave, Infleqtion, and Rigetti will benefit from the grants. Analysts express skepticism about IonQ's future profitability, suggesting investors consider other stocks recommended by The Motley Fool."
datetime: "2026-05-21T15:20:35.000Z"
locales:
  - [zh-CN](https://longbridge.com/zh-CN/news/287244531.md)
  - [en](https://longbridge.com/en/news/287244531.md)
  - [zh-HK](https://longbridge.com/zh-HK/news/287244531.md)
---

# Why Did IonQ Stock Pop Today?

## Key Points

-   The U.S. government plans to award $2 billion in quantum computing grants.
    
-   It will take equity stakes in grant recipients.
    
-   It will give no money, nor take a stake in IonQ.
    
-   10 stocks we like better than IonQ ›

Valued at $19.6 billion, **IonQ** (NYSE: IONQ) stock is the biggest pure play on quantum computing you can buy. That's the good news for IonQ today. The bad news is that... the United States government is _not_ buying IonQ stock -- but it's buying shares in just about everybody _but_ IonQ.

This is the news that's moving IonQ stock up 9.5% through 10:35 a.m. ET Thursday morning:

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According to an exclusive report in today's _The Wall Street Journal_, the Trump Administration will award $2 billion in grants to nine quantum computing companies and take equity stakes to secure its investment in each.

Image source: Getty Images.

## Money for thee, but not for me

IonQ is not one of these companies, but its smaller publicly traded rivals **D-Wave Quantum** (NYSE: QBTS), **Infleqtion** (NYSE: INFQ), and **Rigetti Computing** (NASDAQ: RGTI) are all receiving grants and investments. So too is that old dinosaur of computing, **International Business Machines** (NYSE: IBM) -- which indeed is getting half the funds on offer, a nice, round $1 billion.

D-Wave, Infleqtion, and Rigetti will each receive $100 million. **Globalfoundries** (NASDAQ: GFS) will get $375 million, and the rest will be parceled out among a handful of privately owned companies -- including one part-owned by Donald Trump Jr's 1789 Capital!

But again, no money for IonQ.

## What does this mean for IonQ stock?

So how is any of this good news for IonQ, if it's getting _no_ money, and everyone else is getting a _lot_ of money -- plus backing from the U.S. government that will give it an interest in seeing IonQ's rivals succeed (and perhaps that IonQ fails)?

I honestly don't get the logic behind investors buying IonQ on this news. With analysts still expecting the stock to lose money for years, it may be time to sell.

## Should you buy stock in IonQ right now?

Before you buy stock in IonQ, consider this:

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Consider when **Netflix** made this list on December 17, 2004... if you invested $1,000 at the time of our recommendation, **you’d have $475,063**!\* Or when **Nvidia** made this list on April 15, 2005... if you invested $1,000 at the time of our recommendation, **you’d have $1,369,991**!\*

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_\*Stock Advisor returns as of May 21, 2026._

_Rich Smith has no position in any of the stocks mentioned. The Motley Fool has positions in and recommends GlobalFoundries, International Business Machines, and IonQ. The Motley Fool has a disclosure policy._

The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.

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## Related News & Research

- [IonQ (IONQ) Is Building the Real Deal in Quantum but at a Steep Price](https://longbridge.com/en/news/287035438.md)
- [3 Stocks to Take Advantage of the $72 Billion Quantum Computing Industry](https://longbridge.com/en/news/287036448.md)
- [Rigetti signs letter of intent with the US government for quantum computing research](https://longbridge.com/en/news/287211872.md)
- [Did Amazon Just Deliver a Sweeping Blow to IonQ?](https://longbridge.com/en/news/287254453.md)
- [41,291 Shares in IonQ, Inc. $IONQ Acquired by Spear Advisors LLC](https://longbridge.com/en/news/287217260.md)