The Virtus Artificial Intelligence & Technology Opportunities Fund (AIO) is experiencing upward momentum today, driven by significant developments in the technology sector. A notable contributor to this movement is the impressive performance of IONQ Inc., a key player in the quantum computing space. IONQ's shares surged nearly 20% to reach an all-time high, following multiple analysts' upgrades. DA Davidson and Craig-Hallum raised their price targets to $50.00 and $45.00, respectively, highlighting IONQ's advanced capabilities in leveraging stable atomic properties for enhanced precision and performance. This positive sentiment around IONQ, which has seen a remarkable 240% increase year-to-date, underscores the broader optimism in the technology sector, particularly in areas related to artificial intelligence and quantum computing.
The AIO ETF rose to $23.88, marking a 1.02% increase as of 3:47 PM ET on December 20th.