IonQ Inc. is a top emerging technology stock with Wedbush initiating coverage with an Outperform rating and $60 price target. IonQ’s specialized trapped-ion architecture in the quantum sector has led to a doubling of revenue between 2023 and 2024, projected to exceed $100 million in 2025.

IonQ expands its partnership with QuantumBasel in Switzerland, extending its on-site presence through 2029 with a value exceeding $60 million. This solidifies QuantumBasel as IonQ’s primary Innovation Center in Europe, providing direct access to enterprise-grade quantum processors for European entities.

QuantumBasel secures ownership of IonQ’s Forte Enterprise system and orders the next-generation Tempo system to support fault-tolerant computing. This collaboration spans 4 generations of hardware, offering European enterprises, startups, and research institutions direct access to advanced quantum processors on-site.

IonQ develops quantum computers and networks in the US, offering access to quantum computers with varying qubit capacities. While IonQ shows investment potential, some AI stocks may offer greater upside potential and lower downside risk according to analysts.

Read more at Yahoo Finance: Wedbush Spotlights IonQ’s (IONQ) Scaling Revenue and Robust Pipeline in Quantum Leadership Pivot