IonQ and Nvidia are leading AI companies with different strengths, Nvidia seems more promising

From Nasdaq: 2024-12-15 10:03:00

ChatGPT has sparked a surge in AI adoption, leading to a 56% increase in U.S. regulations around AI in 2023. IonQ and Nvidia are at the forefront of AI advancement, with IonQ’s quantum computing technology making waves and Nvidia’s semiconductor chips in high demand. Both stocks have seen significant growth, but which is the better long-term investment?

IonQ’s quantum tech offers unparalleled computing power, with sales up 102% year over year and new customer bookings reaching $63.5 million in Q3. While not yet profitable, IonQ’s innovative technology and recent acquisition of Qubitekk demonstrate its commitment to technological advancement.

Nvidia’s specialized GPUs have made it a leader in AI computing, with record revenue of $35.1 billion in Q3. The demand for its Blackwell platform, specifically designed for AI systems, has exceeded supply, leading to strong growth and profitability for the company.

In comparing IonQ and Nvidia, Nvidia’s profitability, demand for its technology, and current valuation make it a more attractive investment option. IonQ’s technology may have potential in the long run, but Nvidia’s current success and market position give it the edge in the AI industry.



Read more at Nasdaq: Better Artificial Intelligence Stock: IonQ vs. Nvidia