IonQ Could Be a Quantum Computing Powerhouse, but Is It a Buy Right Now?
The long-term potential is enticing, but there are some concerns investors should know.
Move over, artificial intelligence (AI) -- quantum computing could be this year's hottest investment topic.
It's easy to understand why. Quantum computing utilizes quantum mechanics to unlock a level of computing technology beyond the scope of what's possible today. For example, Alphabet recently announced a quantum computing chip capable of performing a benchmarking task in under five minutes, which today's leading supercomputers would take 10 septillion (10,000,000,000,000,000,000,000,000) years -- longer than our universe has existed.
IonQ (NYSE: IONQ) has made waves on Wall Street as a contender in the quantum computing space. It is racing to hone its technology and capture a market that could grow to an estimated $87 billion over the next decade. The potential is enticing, but should investors buy the stock today?
