Prediction: IonQ Could Surge by 200% in the Next 3 Years
The planets are aligning for this ticker, but they won't remain lined up forever.
When it comes to shopping around for ultra-high-return investments, it's best to remember that the greater the reward, the greater the risk. And for really high-payoff picks, the odds of losing money can often be at least as good as the odds of making some. If you've got room in your portfolio for the right risky idea, though, there's nothing wrong with taking a bit of a risk -- as long as you manage it by sizing your position appropriately.
With that as the backdrop, if you can stomach it, quantum computing name IonQ (NYSE: IONQ) arguably has the potential to return 200% or more within the next few years. Here's why.
In case you aren't familiar with it, IonQ is working on a whole new kind of supercomputer. Whereas the sort of computing platform you're familiar with (and using right now) operates using a high-speed interplay of digital ones and zeros, quantum computing is a far more powerful (and complicated) approach transcending the limitations of the typical binary system. Using subatomic particles as the basis for making calculations, a quantum computer needs only minutes to perform a task that would take a conventional computer years -- if not centuries -- to complete.
