IONQ Inc.'s stock price soared 5.10% during intraday trading on Wednesday, marking a significant upward movement for the quantum computing company.

The surge appears to be part of a broader market trend where investors are rediscovering a taste for extremely speculative stocks. According to market analysis, quantum computing stocks, including IonQ, have seen big gains as the broader market rebounds in April. This is characterized as a "rolling momentum trade," where investors, after periods focused on crypto and metals, are now gravitating back toward risky bets in the stock market in search of the next big momentum play.

Market strategists note that the retail impulse to bid up these speculative names indicates a renewed risk appetite among investors, contributing to the sharp price movements observed in stocks like IonQ during the session.