IonQ, a leader in quantum computing, rebounded from a 50% decline after Nvidia CEO Jensen Huang threw cold water on the industry, saying “useful” quantum computing could be 15 to 30 years away. However, IonQ’s CEO Peter Chapman believes useful quantum computing will be here much sooner, citing the company’s current #A36 Forte Enterprise systems as providing solutions for clients.
IonQ signed a $54.5 million contract with the U.S. Air Force Research Lab, one of its largest contracts, which is key to fueling the company while it develops commercially viable products. Chapman also projected that IonQ will be profitable by 2030, with sales of around $1 billion.
However, investors should approach this with caution, as holding onto IonQ’s stock for six years would mean waiting through significant market fluctuations. With a potential stock price increase of 43 times earnings by 2030, the opportunity cost of holding the stock could become an issue.
Considering the high risk involved, investors may be better off diversifying their exposure to the quantum computing industry through established big tech players like Nvidia and Alphabet, which are also heavily investing in the field.
Source: https://www.fool.com/investing/2025/02/07/is-ionq-the-top-quantum-computing-stock-to-buy-now