From Nasdaq: 2024-11-21 17:20:56

IonQ (NYSE: IONQ) stock surged 13.5% in Thursday’s trading, driven by Nvidia’s (NASDAQ: NVDA) strong Q3 earnings. Nvidia’s revenue of $35.08 billion and EPS of $0.81 beat estimates, guiding $37.5 billion for Q4. IonQ stock, up 164% in 2024, could see explosive gains with quantum computing breakthroughs or face steep declines if tech bets don’t pay off.

Nvidia’s Q3 success continues to influence IonQ stock, which has a market cap of $7.1 billion. While traditional valuation metrics may not apply, IonQ’s stock, valued at 170.5 times sales, could see significant growth with quantum breakthroughs or sharp declines if tech bets fail to materialize.

Investors eyeing IonQ should consider the Motley Fool Stock Advisor’s top 10 stock picks. While IonQ didn’t make the cut, the service has historically outperformed the S&P 500 since 2002, offering a blueprint for success through expert guidance and monthly stock picks. Investing in revolutionary tech stocks like IonQ could lead to significant returns, but caution is advised.

Before making any investment decisions, it’s crucial to research and evaluate the potential risks and rewards of investing in IonQ. While the stock has shown strong momentum, it’s essential to consider factors like market volatility, technological advancements, and competition in the quantum computing space. Make informed decisions based on thorough analysis and consultation with financial experts to maximize investment potential.



Read more at Nasdaq: Why IonQ Stock Skyrocketed Today