Is IonQ the Best Quantum Computing Stock to Buy Right Now?
Though investors' attention is now mostly focused on President Donald Trump's tariffs and trade wars, the tech sector's quantum computing race is still going on. Yet that shift in focus away from the promising technology could actually be the very thing that allows investors to get in on some of the hottest quantum computing stocks at more reasonable valuations as they were trading at high premiums just a few months ago.One of the pure-play leaders in this space is IonQ (NYSE: IONQ). It has inked several key partnerships and is adding more on a monthly basis. On the other hand, it's also far from reaching profitability and is a long-shot pick. So is it worth investing in now?IonQ is attempting to solve the same core problems that every competitor in the quantum computing arms race is attempting to solve: preventing and correcting errors. Unlike traditional computers, quantum computers inherently produce a lot of errors. Traditional computing transmits and stores data in simple binary form -- 0s and 1s -- known as bits. And the electromagnetic mediums it uses to do that -- tiny transistors -- are stable and reliable, so unless something changes it on purpose, a 1 almost always stays a 1.Continue reading
Though investors' attention is now mostly focused on President Donald Trump's tariffs and trade wars, the tech sector's quantum computing race is still going on. Yet that shift in focus away from the promising technology could actually be the very thing that allows investors to get in on some of the hottest quantum computing stocks at more reasonable valuations as they were trading at high premiums just a few months ago.
One of the pure-play leaders in this space is IonQ (NYSE: IONQ). It has inked several key partnerships and is adding more on a monthly basis. On the other hand, it's also far from reaching profitability and is a long-shot pick. So is it worth investing in now?
IonQ is attempting to solve the same core problems that every competitor in the quantum computing arms race is attempting to solve: preventing and correcting errors. Unlike traditional computers, quantum computers inherently produce a lot of errors. Traditional computing transmits and stores data in simple binary form -- 0s and 1s -- known as bits. And the electromagnetic mediums it uses to do that -- tiny transistors -- are stable and reliable, so unless something changes it on purpose, a 1 almost always stays a 1.
