IonQ CEO sets optimistic revenue goals for 2030 despite long timeline for useful quantum computers.

From Nasdaq: 2025-01-19 10:41:00

In the world of quantum computing stocks, the last three months have seen significant fluctuations, starting with Google’s Willow chip breakthrough. However, tech CEOs Jensen Huang and Mark Zuckerberg believe truly useful quantum computers are still over a decade away, causing a crash in stock prices.

IonQ CEO Peter Chapman is optimistic about his company’s future, setting ambitious revenue goals for 2030. Chapman forecasts close to $1 billion in revenue by then, showing confidence in IonQ’s potential growth trajectory.

Despite IonQ’s promising outlook, investors should be cautious. The stock is currently valued at 8.5 times its potential 2030 sales, which may be too high a price to pay for uncertain future performance.

Before investing in IonQ, it’s essential to consider the risks and uncertainties surrounding the quantum computing industry. The Motley Fool’s Stock Advisor team has identified 10 other stocks with potential for significant returns, emphasizing the importance of thorough research and strategic investment decisions. The Stock Advisor service has outperformed the S&P 500 by more than four times since 2002, with significant returns*. Check out the top 10 stocks recommended by the service. Suzanne Frey of Alphabet and Randi Zuckerberg of Meta Platforms are on The Motley Fool’s board. The Motley Fool holds positions in Alphabet, Meta Platforms, and Nvidia.
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Please note that the author’s views do not necessarily reflect those of Nasdaq, Inc.



Read more at Nasdaq: IonQ Updates Its Quantum Value Timeline After Nvidia’s Jensen Huang Gives His Own Timeline of 15 to 30 Years