Quantum computing firm IonQ (IONQ) just got a major vote of confidence from one of the world’s most powerful tech giants.
Amazon quietly disclosed in its Q2 financials that it had scooped up 854,207 shares of IonQ — a stake worth $36.7 million — during the quarter, according to SEC filings.
That’s a bold move, considering the stock has already returned a jaw-dropping 500% over the past 12 months.
IonQ now joins a short list of Amazon-backed public companies, alongside Advanced Micro Devices (AMD), Astera Labs (ALAB), Rivian Automotive (RIVN), and Nautilus Biotechnology (NAUT).
This isn’t Amazon’s first foray into IonQ. Tthe two have worked together via Amazon Web Services (AWS) and its Braket platform, which gives researchers cloud-based access to quantum computers.
IonQ’s hardware plays a direct role in that strategy, and Amazon’s renewed investment signals ongoing belief in the company’s role in the future of computing.
Despite being one of the most recognizable names in quantum computing, IonQ remains unprofitable and far from commercial viability. But its growth numbers are hard to ignore.
Last year, the company posted $43.1 million in revenue, up 95% from 2023. For full-year 2025, IonQ is projecting revenue between $75 million and $95 million, potentially more than doubling again.
IonQ’s public story started gaining traction last fall. In addition to explosive top-line growth, the company has landed partnerships with the U.S. Air Force Research Laboratory and ARLIS, while making steady progress on its trapped-ion quantum hardware platform.
That momentum helped fuel its meteoric rise, but the ride hasn’t been smooth.
Volatile but resilient
IonQ stock has had a wild 2025. The stock soared past $51 in January before crashing below $20 in April, part of the broader selloff during President Trump’s tariff escalation.
Since then, the stock has staged a dramatic comeback, more than doubling off the lows and recently trading above $43, but the stock is flat for the year.
But zooming out, IONQ stock is up an impressive 539% over the past 12 months. And Wall Street thinks it’s just the beginning.
Analysts at Rosenblatt Securities, Benchmark, and Cantor Fitzgerald have all issued bullish updates in July, with price targets ranging from $45 to $70.
“We believe IonQ provides an attractive way to gain exposure to the quantum computing market, a market that we see as the next era of computing,” wrote Rosenblatt analyst Kevin Garrigan.
“It is our view that the quantum computing market is set up to be a multiple-winner market and not a winner-takes-all market,” he added.
That’s a big bet. But Amazon’s not the kind of investor that throws darts.
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