60%+ returns in 2025: Here’s how AI-powered stock investing has changed the game
NEW YORK - Quantum computing company IonQ (NYSE:IONQ) announced Wednesday the appointment of Scott Millard as its new Chief Business Officer, replacing Rima Alameddine who will remain in an advisory capacity during a transition period. The company, currently valued at $17.4 billion, has seen its stock price surge 76.12% over the past year despite recent volatility, according to InvestingPro data.
Millard, who will report directly to IonQ Chairman and CEO Niccolo de Masi, joins the company after serving as Senior Vice President of Global AI Sales at Dell Technologies, where he led a $20 billion organization supporting AI Natives and Cloud Service Providers.
In his new role, Millard will be responsible for sales strategy, customer success, and go-to-market execution for IonQ's quantum computing, networking, sensing, and security portfolio. His appointment comes as the company seeks to accelerate growth and scale market adoption of its quantum products and services.
"As we look ahead at commercializing all segments of our full-stack quantum solution, we believe that Scott's 30+ years of sales leadership in technology will play a key role in expanding our lead in the quantum industry," said de Masi in the press release.
Prior to his AI sales role at Dell, Millard held several strategic sales positions including leading Global Partner sales overseeing a $22 billion data center portfolio and serving as Senior Vice President of North America Preferred accounts. He holds an MBA in Information Systems and a BS in Business Administration from Bryant University.
IonQ, which recently reported achieving 99.99% two-qubit gate fidelity in 2025, states it intends to deliver quantum computers with 2 million qubits by 2030. The company currently operates in multiple locations across the United States as well as internationally in the United Kingdom, Toronto, South Korea, Sweden, and Switzerland.
In other recent news, IonQ Inc. has announced a definitive agreement to acquire Skyloom Global, a company specializing in optical communications infrastructure. This acquisition is expected to significantly enhance IonQ's quantum communications capabilities by integrating Skyloom's technology, potentially increasing data throughput by up to 500% and reducing latency for specific applications from hours to under one hour. Additionally, IonQ has formed a strategic partnership with the University of Chicago to establish the IonQ Center for Engineering and Science, marking the first deployment of a production-grade quantum computer and network at a university. This collaboration will provide access to IonQ's quantum hardware and software tools for university researchers.
IonQ also filed a prospectus supplement with the Securities and Exchange Commission, allowing the resale of over 2.1 million shares of its common stock by the University of Chicago. This filing is part of a registration rights agreement effective as of November 7, 2025. In another development, IonQ plans to demonstrate its quantum computing technologies at the SuperCompute 2025 conference in St. Louis, participating in various sessions and panels. These recent moves reflect IonQ's ongoing efforts to advance its quantum computing capabilities and expand its strategic partnerships.
This article was generated with the support of AI and reviewed by an editor. For more information see our T&C.
