Should You Buy Ionq Stock

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Should You Buy Ionq Stock

Should You Buy Ionq Stock?

Everyone wants to make an investment that would turn them into a millionaire. One particular sector where a lot of money can be made is quantum computing.

According to experts, quantum computing is the new technology which can replace traditional computers. This also includes the GPUs, which are used to build the AI infrastructure.

Ionq Remains A Leader In Quantum Computing

One big name in the quantum computing sector is IonQ, which has a lot of upside potential. Especially, if quantum computing gains mainstream attention like AI, then IonQ stock can gain a lot of upside.

key problem with quantum computing is that the calculations are not that accurate. However, IonQ remains a leader in this space because it has a 99.99% accuracy. There are no other companies which have a 99.99% accuracy, and that's what makes IonQ such a good option.

But the one problem is that such a computer will still lead to an error after every 10K operations. Now, that's something which can't be tolerated in the commercial adoption.

However, we still can't ignore the fact that IonQ remains a leader, and that's why it is securing investments from all the different institutions.

The market cap of IonQ stock is around $16 billion, and if it were to give 100x returns, then the market cap of the company must be $1.6 trillion. But that's not something that's totally impossible, given that the market cap of Nvidia is around $4.5 trillion.

So, if you want to pick a stock that gives you exposure to the next age of tech, then IonQ stock can be a good option. Right now, it is at the top of the quantum computing field and can easily give a big return on investment in the coming years.

But there are also risks, and the biggest one is that quantum computing might take some time to find commercial adoption. So, if you are in the game for the long run and want to put your money into the next generation of computers, then IonQ stock is the answer.

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