IONQ Inc., a leading player in the quantum computing industry, witnessed a significant 5.09% surge in its stock price during Friday's intraday trading session. The company's shares were propelled higher amid renewed investor enthusiasm for the sector, driven by CEO Peter Chapman's bullish outlook on the commercial viability of quantum computing technology.

According to Chapman, IONQ's current quantum computing systems are already providing solutions to clients, marking a pivotal shift from a novel technology to one with real-world applications. He expressed confidence that quantum computing will play a crucial role in the artificial intelligence (AI) realm, outperforming the AI capabilities of classical computing techniques.

Furthermore, Chapman projected that IONQ would achieve profitability and generate around $1 billion in revenue by 2030, a bold target that has captured the attention of investors. However, analysts caution that while these projections represent the best-case scenario, the stock's current valuation may already factor in significant success, potentially limiting further upside potential.