This Company's CEO Said It Wants to Become the Nvidia of Quantum Computing. Should You Buy the Stock Now?
It's a bold statement, but if he's right, the stock would generate life-changing investment returns.
Nvidia (NASDAQ: NVDA) is arguably the face of the artificial intelligence (AI) industry. The stock has generated enormous investment returns because the company's AI accelerator chips became the overwhelming leader in an emerging market that has shown explosive growth over the past several years.
In the search for the next emerging market, some are pointing to quantum computing as technology's next great frontier. It's still quite early, but the analysts are already speculating that quantum computers could be exponentially more powerful than modern computers, unlocking the full potential of AI and other industries, and creating new ones.
The CEO of IonQ (NYSE: IONQ), a company developing quantum computers, recently said the company hopes to become the Nvidia of this technology sector. It's a bold assertion, considering Nvidia's massive success, and IonQ stock jumped higher on the news.
