Is IonQ a Buy?
IonQ shares have dropped 53% from January highs. Is this quantum computing pioneer now a bargain or still too speculative?
Quantum computing expert IonQ (NYSE: IONQ) is riding a Wall Street roller coaster these days. After trading largely sideways in their first three and a half years on the stock market, IonQ shares skyrocketed from $6.22 in early September 2024 to a $54.74 peak three months later. Fast-forward from early January to March 25, and IonQ's stock has dropped 53% lower to $25.55 per share.
Is the next-generation technology developer a buy at these lower share prices, or were the earlier gains too high, too fast?
Let's take a look.
