Prediction: 2 Stocks That'll Be Worth More Than IonQ 2 Years From Now

01.11.24 09:05 Uhr

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IonQ (NYSE: IONQ) has gone a wild ride since it went public by merging with a special purpose acquisition company (SPAC) three years ago. The quantum computing company's stock started trading at $10.60 on its first day, nearly tripled to a record high of $31 a month later, but dropped to the single digits earlier this year.Today, IonQ's stock trades at about $17. The bullish argument is that it will continue to increase its quantum computing power, lock in more government contracts, and successfully shrink the physical width of its quantum processing units (QPUs) from a few feet to just a few inches with its proprietary "trapped ion" technology.The bearish view is that IonQ is exaggerating its miniaturization capabilities, obfuscates its progress with proprietary metrics to avoid direct comparisons to other quantum computing companies, and even relies on third-party quantum computing hardware to process some of its cloud-based services. The unexpected departure of its chief scientist Chris Monroe, who had been responsible for developing its trapped ion technologies, raises even more red flags.Continue readingWeiter zum vollständigen Artikel bei MotleyFool

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