IONQ Inc.'s stock surged 5.80% in pre-market trading on Thursday, extending gains from the previous session.
The rally follows news that the quantum computing company was awarded a contract in the Defense Advanced Research Projects Agency's (DARPA) Heterogeneous Architectures for Quantum program. The deal, announced on April 14, allows IonQ to develop high-speed connections to link different types of quantum computers into a single network.
Niccolo de Masi, Chairman and CEO of IonQ, stated that the company's pioneering quantum interconnect technology can enable modular scalability for a wide range of quantum technologies. The contract award had previously driven the stock up approximately 21% during Wednesday's regular session.
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