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IonQ, Inc. (IONQ) stock was among the top-five trending equity tickers on Stocktwits early Wednesday after the quantum computing company announced a new partnership.
The College Park, Maryland-based company said it has struck an investment partnership with Swedish freight mobility company Einride to use quantum computing tech for next-generation fleet optimization and logistics.
The two companies plan to develop quantum applications that address large-scale routing and scheduling problems that have traditionally challenged classical computing.
According to the companies, the approach will help improve the efficiency and optimization of logistics and routing operations, reduce costs, and speed up solution delivery.
IonQ CEO Niccolo de Masi said, “This partnership is aimed at creating a powerful platform with unique insights into real-world quantum advantage in a sizable market. Our investment and collaboration with Einride reinforces our commitment to building a quantum-ready economy across Europe.”
IonQ is finding itself amid accelerating deal momentum. The company has made application progress with Airbus on cargo loading optimization and Thomas Machinery on predictive maintenance, among other things.
The U.S. company has recently collaborated with AstraZeneca to establish a new quantum application development center in Sweden.
It recently signed a memorandum of understanding (MoU) with Intellian in South Korea and agreements with Toyota Tsusho and AIST’s G-QuAT in Japan.
On Stocktwits, retail sentiment toward IonQ stock was ‘bullish’ (56/100) by late Tuesday, with the message volume at ‘normal’ levels.
A watcher welcomed the latest partnership.
Another user flagged a potential short squeeze, noting that brokers have made so many requests to loan shares. “A big amount of shorts are trapped and burning here...offering higher interest to loan shares...let them burn at 100...” they said.
Short interest in the stock is at 17.80%, according to Koyfin data.
IonQ ended Tuesday’s session up 0.63% at $35.31, trimming its year-to-date loss to about 15%,
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