--- title: "Why Is IonQ Stock Soaring Monday?" type: "News" locale: "en" url: "https://longbridge.com/en/news/293953776.md" description: "IonQ stock surged 7.8% on Monday, driven by a major quantum computing deal between peer D-Wave and AT&T. Despite the rally, IonQ remains below key moving averages, suggesting a rebound rather than a trend reversal. The company reports Q2 earnings on Aug. 5, with analysts projecting revenue growth to $66.49 million and maintaining a Buy consensus with an average price target of $61.88." datetime: "2026-07-27T15:30:53.000Z" locales: - [zh-CN](https://longbridge.com/zh-CN/news/293953776.md) - [en](https://longbridge.com/en/news/293953776.md) - [zh-HK](https://longbridge.com/zh-HK/news/293953776.md) generator: "portal-rs" --- # Why Is IonQ Stock Soaring Monday? **IonQ Inc.** (NYSE:IONQ) stock surged on Monday as investors piled into quantum computing stocks following a major commercial win for industry peer **D-Wave Quantum Inc.** (NYSE:QBTS). Other quantum computing names, including **Rigetti Computing Inc.** (NASDAQ:RGTI) and **Quantum Computing Inc.** (NASDAQ:QUBT), also traded higher. The gains came despite weakness across the broader market. The Nasdaq was down 1.09%, the S&P 500 slipped 0.26%, and the Technology sector was the day’s worst performer, falling 2.18%. The rally followed D-Wave’s announcement of an agreement with **AT&T Inc.** (NYSE:T) to broaden the use of its quantum computing technology across the telecom giant’s network operations. **Read Also: This 100-Year-Old Theory Says the Stock Market Isn’t Done Climbing: Ed Yardeni** ## IonQ Technical Setup Remains Challenging Despite Monday’s rally, the stock remains below key moving averages. IonQ trades about 14.8% below its 20-day simple moving average, 32.3% below its 50-day SMA and 25.3% below its 200-day SMA. That suggests the latest move is a rebound attempt rather than a confirmed trend reversal. The area near $42 is the first major resistance level because it aligns with the 20-day SMA and a key psychological price level. Momentum indicators remain cautious. The moving average convergence divergence (MACD) remains below its signal line, while the histogram is negative. That indicates bullish momentum has yet to fully recover. Key resistance stands near $42, while initial support is around $30, above the stock’s 52-week low of $25.89. ## Earnings And Analyst Outlook IonQ is scheduled to report second-quarter results on Aug. 5. Wall Street expects the company to report a loss of 60 cents per share, compared with a loss of 70 cents a year earlier. Revenue is projected to rise to $66.49 million from $20.69 million. The stock trades at about 84.2 times earnings. Analysts maintain a Buy consensus with an average price forecast of $61.88. Recent analyst actions include: - **Northland Capital Markets**: Outperform; raised price forecast to $70 on June 22. - **Rosenblatt**: Maintained Buy; $100 price forecast on June 11. - **JPMorgan**: Maintained Neutral; raised price forecast to $50 on May 7. ## IonQ ETF Exposure IonQ is a component of several small-cap growth funds, including the **Vanguard Russell 2000 ETF** (NASDAQ:VTWO), **Vanguard Russell 2000 Growth ETF** (NASDAQ:VTWG) and **Global X Russell 2000 ETF** (NYSE:RSSL). Fund inflows and outflows can influence trading activity in the stock. **IONQ Stock Price Activity:** IonQ shares were up 7.89% at $35.43 at the time of publication on Monday, according to Benzinga Pro data. *Image via Shutterstock* **Read Also: Bond Markets Are Rethinking Big Tech’s $1 Trillion+ a Year for AI** ### Related Stocks - [IONQ.US](https://longbridge.com/en/quote/IONQ.US.md) - [IONZ.US](https://longbridge.com/en/quote/IONZ.US.md) - [IONX.US](https://longbridge.com/en/quote/IONX.US.md) - [IONL.US](https://longbridge.com/en/quote/IONL.US.md) - [T.US](https://longbridge.com/en/quote/T.US.md) - [QBTS.US](https://longbridge.com/en/quote/QBTS.US.md) - [QBTZ.US](https://longbridge.com/en/quote/QBTZ.US.md) - [QBTX.US](https://longbridge.com/en/quote/QBTX.US.md) - [IOYY.US](https://longbridge.com/en/quote/IOYY.US.md) - [RGTI.US](https://longbridge.com/en/quote/RGTI.US.md) - [QUBT.US](https://longbridge.com/en/quote/QUBT.US.md) - [.IXIC.US](https://longbridge.com/en/quote/.IXIC.US.md) - [.SPX.US](https://longbridge.com/en/quote/.SPX.US.md) - [VTWO.US](https://longbridge.com/en/quote/VTWO.US.md) - [VTWG.US](https://longbridge.com/en/quote/VTWG.US.md) - [RSSL.US](https://longbridge.com/en/quote/RSSL.US.md) - [IONQ+.US](https://longbridge.com/en/quote/IONQ+.US.md) - [QBTS+.US](https://longbridge.com/en/quote/QBTS+.US.md) - [RGTIW.US](https://longbridge.com/en/quote/RGTIW.US.md) - [T-A.US](https://longbridge.com/en/quote/T-A.US.md) - [TBB.US](https://longbridge.com/en/quote/TBB.US.md) - [T-C.US](https://longbridge.com/en/quote/T-C.US.md) ## Related News & Research - [IonQ partners with CMC Microsystems to provide cloud quantum computing access in Canada](https://longbridge.com/en/news/296265210.md) - [Rosenblatt Says These 5 Quantum Stocks Could Nearly Triple](https://longbridge.com/en/news/294376563.md) - [Why AT&T and Google are both down for many Users today](https://longbridge.com/en/news/298231912.md) - [Physical AI Firm XTEND Set to Make NYSE Trading Debut: NYSE Content Update](https://longbridge.com/en/news/298041941.md) - [Encore Global Management LP Invests $577,000 in IonQ, Inc. $IONQ](https://longbridge.com/en/news/294174512.md) --- > **Disclaimer: This article is for reference only and does not constitute any investment advice.**