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IONQ
CNBC
22 days

Quantum computing firm IonQ hires former JPMorgan Chase applied research head

1. IONQ hires former JPMorgan tech head Marco Pistoia for industry relations. 2. Pistoia to aid corporate clients in adopting quantum technologies and security. 3. Quantum computing poses risks to current encryption methods, Pistoia warns. 4. Commercially viable quantum computers may be just two to three years away. 5. IONQ's share surge reflects excitement in the growing quantum market.

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FAQ

Why Bullish?

IONQ's strategic hire may enhance its market positioning, similar to past successful leadership changes, like IBM's hiring of quantum leaders, which positively influenced investor confidence.

How important is it?

The hiring of a significant figure from JPMorgan suggests a strong future business direction, potentially attracting more institutional investors.

Why Long Term?

As quantum technology matures, IONQ's strategic direction and partnerships could drive significant growth, similar to other tech firms effectively leveraging emerging technologies over several years.

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