IonQ is a quantum computing hardware and software company. D-Wave develops quantum computing systems and offers software, cloud services, and professional solutions for several in

Quantum computing stocks have been flying high lately amid growing mainstream acceptance of the technology, delivering multiplicative returns in just one month. Read more here.

Breakthroughs in quantum computing have shares of Alphabet and IonQ soaring as of late. One pocket of the artificial intelligence (AI) realm that is fetching a fair amount of attention right now is quantum computing. While there are many companies exploring quantum computing, only a finite number have made any measurable progress.

Two weeks ago, IonQ shares experienced a healthy correction as shares dropped more than 20% in just one week’s trading. That pullback found support at the stock’s 20-day moving average, referred to as the “Trader’s Trendline”.

IonQ also achieved high gate fidelities by surpassing 99.9% two-qubit gate fidelity on its barium platform, which leads to lower error rates. High gate fidelities will increase the reliability of quantum algorithms while lowering costs, eventually resulting in improved appeal for quantum computing technology for commercial use.

Shares of several quantum computing companies, including IonQ, Inc. (NYSE: IONQ), Quantum Computing Inc. (NASDAQ: QUBT) and Rigetti Computing, Inc. (NASDAQ: RGTI), are trading higher Monday as excitement builds around the quantum computing sector.

Rigetti Computing (NASDAQ:RGTI) has been at the forefront of a trend that has gone ballistic as the year draws to a close. That would be