CFDs are complex instruments and come with a high risk of losing money rapidly due to leverage. 77% of retail investor accounts lose money when trading CFDs with this provider. You should consider whether you understand how CFDs work and whether you can afford to take the high risk of losing your money.
CFDs are complex instruments and come with a high risk of losing money rapidly due to leverage. 77% of retail investor accounts lose money when trading CFDs with this provider. You should consider whether you understand how CFDs work and whether you can afford to take the high risk of losing your money.

IonQ, C3ai and Immersion are soaring along with great tech stocks performance 📈

17:15 31 March 2023

IonQ (IONQ.US) is a company that develops software and hardware for quantum computing. The company develops the Ion quantum computer and programs for generating and optimizing quantum calculations. Its shares rose as Q4 2022 revenue beat expectations and the loss narrowed. The company is not yet profitable, but the high amount of cash with its limited usage and growing revenues has reassured investors. Along with IonQ, shares of other technology companies with lower market capitalizations including C3.ai (AI.US), from the artificial intelligence industry, and Immersion (IMMR.US), from the haptic technology industry, are also gaining thanks to a great Nasdaq performance.

  • IonQ's Q4 revenue was $2.6 million, compared to $93,000 in Q4 2021, beating analysts' forecast of $2.39 million. The company reported a net loss of $1.7 million for the quarter but ended the year with $571.3 million held in cash and liquid assets. The financial results were in line with the company's expectations. The market took notice of its product development;
  • IonQ Aria is the world's most powerful known quantum computer, and the company intends to eventually make it available to the market. It recently reached a record 23 algorithmic qubits (an 8-fold increase in power). According to Peter Chapman, CEO of IonQ, the company is at the stage of launching a laptop computer with 130000 times the power of the previous version into the cloud;
  • Shares of C3.ai, an artificial intelligence company, have come under pressure in recent years due to lack of profitability, negative sentiment around technology companies and interest rate hikes. Investors have recently taken an interest in the shares of Immersion, a haptic technology company that enables the digital transfer of touch. Against the backdrop of C3.ai and IonQ, however, Immersion is a profitable business with high net margins and zero debt, and it also paid a dividend for 2022. Last year, its shares rose more than 30% despite a nearly 35% drop in the Nasdaq.

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Chart of IONQ and C3ai. D1 interval. Shares of (IONQ.US) and (AI.US, golden chart), although the companies operate in two different industries the chart illustrates well what damage their valuations have suffered in 2022, which passed under the sign of a hawkish Fed and a diving Nasdaq index. Source: xStation5

This content has been created by XTB S.A. This service is provided by XTB S.A., with its registered office in Warsaw, at Prosta 67, 00-838 Warsaw, Poland, entered in the register of entrepreneurs of the National Court Register (Krajowy Rejestr Sądowy) conducted by District Court for the Capital City of Warsaw, XII Commercial Division of the National Court Register under KRS number 0000217580, REGON number 015803782 and Tax Identification Number (NIP) 527-24-43-955, with the fully paid up share capital in the amount of PLN 5.869.181,75. XTB S.A. conducts brokerage activities on the basis of the license granted by Polish Securities and Exchange Commission on 8th November 2005 No. DDM-M-4021-57-1/2005 and is supervised by Polish Supervision Authority.

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