IonQ Shares Rise 5% After First Real-Time Quantum Error Decoder Demo
Updated
Updated · CNBC · Sep 23
IonQ Shares Rise 5% After First Real-Time Quantum Error Decoder Demo
3 articles · Updated · CNBC · Sep 23
Summary
IonQ shares were up more than 5% in morning trading Wednesday, after rising over 10% premarket on its real-time quantum error decoder demonstration.
The company said the system is the industry's first end-to-end decoder that lets a single standard CPU find, fix and decode errors continuously as they occur.
IonQ said the test validated real-time decoding across hundreds of logical qubits and millions of logical operations, addressing a bottleneck that had overwhelmed earlier error-correction systems and caused delays.
Quantum peers also rose in premarket trading before most gave back gains after the open, while IonQ has recently lifted full-year revenue guidance following its SkyWater Technology acquisition.