IonQ Inc (NYSE:IONQ) continues to electrify the markets, with its stock soaring 290% over the past year and 30% in just the last month.

Riding this momentum, the quantum computing pioneer has announced the acquisition of Qubitekk, a quantum networking leader, solidifying its position as a trailblazer in the quantum revolution

Strengthening The Quantum Backbone

The acquisition brings Qubitekk's 118 patents—including those powering the U.S.'s first commercial quantum network in Chattanooga—into IonQ's fold, boosting its portfolio to over 600 patents globally.

"By combining our strengths, we expect to accelerate the development of quantum networks, the backbone of tomorrow's quantum internet," said Jordan Shapiro, IonQ's VP of Corporate Development.

Defense Contracts, Future Potential

IonQ's strategic push into quantum networking aligns with its recent $54.5 million contract from the U.S. Air Force Research Lab.

The company's innovative architecture using photonic interconnects aims to link multiple quantum processors, scaling quantum clusters for transformational applications in defense, finance, and energy.

IonQ Stock Chart Signals More Gains

Chart created using Benzinga Pro

From a technical analysis perspective, IonQ stock is on a bullish tear:

• Trading at $49.71, IonQ stock is well above its eight, 20, 50, and 200-day moving averages.

• The RSI at 65.11 suggests IonQ stock remains in bullish territory but not yet overbought.

• The MACD indicator of 4.62 confirms strong upward momentum.

The stock's meteoric rise, coupled with its strategic acquisition and expanding quantum capabilities, makes IonQ stock a compelling player in the quantum computing landscape.

Investors may want to watch this quantum computing company as it develops new technologies that could impact the broader tech industry.