IonQ (IONQ, Financial) is feeling optimistic about its future. On Friday, the quantum computing company shared an update from its CEO, Peter Chapman, who said they expect 2024 bookings to hit the higher end of their forecast. But that's not all—IonQ is eyeing nearly $1 billion in revenue by 2030, a major milestone in its growth journey.
Investors seemed to like the news. By 9:28 a.m. ET, IonQ's stock was up 4.43%. The upbeat momentum spread to other quantum computing names like Rigetti Computing (RGTI, Financial), Quantum Computing (QUBT, Financial), and D-Wave Quantum (QBTS, Financial), which also saw gains. Meanwhile, D-Wave Quantum added its own announcement, projecting a 120% jump in 2024 bookings compared to last year.
Chapman also addressed some skepticism about quantum computing's near-term potential. He emphasized its promising applications, particularly in artificial intelligence, and noted that global investment in the sector reached $50 billion by the end of 2023, according to McKinsey data.
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