Is IonQ Stock a Buy?
The nascent field of quantum computing holds the potential to transform today's computer paradigm. The technology uses subatomic particles to perform multiple calculations simultaneously instead of the slower, sequential processing of traditional computers.
This trait means quantum machines may one day perform complex calculations beyond the abilities of the world's most powerful supercomputers, making the field an interesting investment area. IonQ (NYSE: IONQ) is one of the companies focused on building quantum computers.
IonQ's share price recently shot up 21% on news that the company was awarded a $54.5 million contract with the U.S. Air Force Research Lab. With this win under its belt, does IonQ represent a quantum computing company on the rise?
Source Fool.com
