From Nasdaq: 2024-03-27 19:35:23

Artificial intelligence (AI) and quantum computing are key players in the tech industry, with McKinsey forecasting the quantum computing market to reach $80 billion by 2035. D-Wave Quantum Inc. (QBTS) and IonQ, Inc. (IONQ) are leading in this field, each with unique strengths and potential for growth in shaping the industry’s future trajectory.

QBTS has seen impressive growth, with a 309% increase in shares over the past 52 weeks and plans to unveil its Q4 earnings report, expecting revenue to rise by over 95% year-over-year. With a power-efficient 2000-qubit system and strong revenue performance, QBTS holds promise for investors.

On the other hand, IONQ, the world’s first public pure-play quantum computing company, raised over $600 million through its SPAC listing and is valued at a premium compared to D-Wave. Despite widening losses due to investments in technology development, IONQ maintains a “Moderate Buy” rating, with an average analyst price target suggesting potential upside of 81.1% over the next year.



Read more at Nasdaq: IonQ vs. D-Wave: Which Quantum Computing Stock Has More Upside Potential?