Neutral.

From Nasdaq: 2025-01-05 04:25:00

IonQ, a company developing quantum computing, has seen its shares rise by 237% in the past year. Quantum computing can solve calculations in minutes that would take supercomputers 10 septillion years. With potential markets like cryptocurrency encryption, IonQ aims to grow its addressable market to $65 billion by 2030.

Despite impressive revenue growth estimates, IonQ faces stiff competition from other tech giants working on quantum computing. With a current market cap of $9 billion, investing in IonQ comes with risks. While the potential is there, uncertainties around revenue generation and competition make it a speculative buy. Consider waiting for a pullback before investing.

The Motley Fool’s Stock Advisor team did not include IonQ in their list of 10 best stocks to buy now. Their picks have historically outperformed the S&P 500, offering a blueprint for investment success. While IonQ may have potential, exploring other investment opportunities recommended by the Stock Advisor team could lead to substantial returns.



Read more at Nasdaq: Is IonQ Stock a Buy?