IonQ, Inc. (NYSE:IONQ) stock jumped 7% in after-hours trading following the disclosure of a $36.7 million stake by Amazon (NASDAQ:AMZN) in a regulatory filing.
The e-commerce and cloud computing giant revealed ownership of 854,207 shares of the quantum computing company in its latest 13F filing with the Securities and Exchange Commission. This position appeared as a new entry in today’s filing compared to Amazon’s previous disclosure.
While the stake was listed as new in the most recent filing, regulatory documents indicate Amazon has held positions in IonQ earlier in 2024. The investment by one of the world’s largest technology companies represents a vote of confidence in IonQ’s quantum computing technology.
