Stock Market Today, May 11: IonQ Rises as SkyWater Vote Advances Semiconductor Manufacturing Deal
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By Eric Trie – May 11, 2026 at 5:19PM ESTExpandNYSE: IONQIonQToday's Change(15.75%) $7.75Current Price$56.99Key Data PointsMarket Cap$18BDay's Range$47.90 - $58.5452wk Range$25.89 - $84.64Volume2.9MAvg Vol26MGross Margin-2879.52%IonQ (IONQ +15.75%), developer of trapped-ion quantum computers and software for complex problem-solving, closed Monday at $56.89, up 15.54%. The stock moved higher after SkyWater Technology shareholders approved their merger agreement. Investors are watching how the deal boosts IonQ’s in-house chip capacity and U.S.-based packaging capabilities.The company’s trading volume reached 55.9 million shares, which is about 110% above compared with its three-month average of 26.6 million shares. IonQ went public in 2021 and has grown 427% since its IPO. How the markets moved todayThe S&P 500 (^GSPC +0.19%) added 0.19% to finish Monday at 7,412.84, while the Nasdaq Composite (^IXIC +0.10%) inched up 0.10% to close at 26,274. Among quantum computing industry peers, D-Wave Quantum closed at $24.03 (+6.47%) and Rigetti Computing finished at $20.51 (+8.29%), reflecting broader enthusiasm for the space.What this means for investorsIonQ shares increased following the approval of the merger agreement by SkyWater Technology shareholders, representing a significant milestone in IonQ’s planned acquisition of the U.S.-based semiconductor foundry. The transaction is anticipated to close in the second or third quarter of 2026, pending regulatory approvals and other customary closing conditions.The acquisition would bring more semiconductor manufacturing and packaging control into IonQ’s quantum hardware roadmap, with SkyWater’s facilities in Minnesota, Florida, and Texas expected to support future quantum production capacity. The next market-moving signals investors will be watching will be regulatory clearance and early evidence that SkyWater’s fabrication and packaging capabilities can be smoothly integrated into IonQ’s production plans.Read NextMay 11, 2026 •By Anders BylundRigetti vs. IonQ: Diverging Revenue, Shared UncertaintyMay 10, 2026 •By Keithen DruryMy Top 3 Quantum Computing Stocks for May 2026May 10, 2026 •By Anders BylundBest Quantum Computing Stocks to Buy in 2026 and How to Invest in ThemMay 9, 2026 •By Geoffrey SeilerIs IonQ Stock a Buy as Revenue Skyrockets?May 9, 2026 •By Rick OrfordMassive News: IonQ Just Moved Closer to Scalable Quantum SystemsMay 9, 2026 •By Keithen DruryIonQ: The Top Quantum Computing Stock for a Once-in-a-Generation Investment OpportunityAbout the AuthorEric Trie is a Motley Fool contributing stock analyst covering technology and semiconductors, healthcare, financial services, and consumer sectors. Previously, he worked in investment analysis and financial writing. He holds a B.A. in Philosophy from Rutgers University. Eric lives in New York City and is an avid sports fan.CMFIdeaMachineStocks MentionedIonQNYSE: IONQ$57.00(+15.75%)+$7.76D-Wave QuantumNYSE: QBTS$24.10(+6.78%)+$1.53Rigetti ComputingNASDAQ: RGTI$20.52(+8.34%)+$1.58*Average returns of all recommendations since inception. Cost basis and return based on previous market day close.