Better Quantum Computing Stock: IonQ vs. IBM
Artificial intelligence has proven to be a transformative technology, yet quantum computing could be bigger. Quantum computers harness the properties of quantum mechanics to perform calculations in a way that's entirely different from classical computers. Because of this, these machines could, in principle, rapidly solve certain types of extremely complex problems that would take even a traditional supercomputer a prohibitive amount of time.
Two companies working to develop reliable quantum computers for commercial use are IonQ (NYSE: IONQ) and International Business Machines (NYSE: IBM). The former was the first pure-play quantum computing company to go public, with an IPO in 2021. The latter is a tech icon, and back in 2016 became the first company to put a quantum computer in the cloud.
The fundamental unit of every quantum computer is the qubit -- one qubit stores a single point of data. Manipulating that data is how the machines perform calculations. And interestingly, IonQ and IBM are building their qubits using two entirely different technologies. Does that make one or the other a better way to invest in this burgeoning field? Or might other factors prove more important to their paths forward?
Source Fool.com
International Business Machines Corp Stock
Currently there is a rather positive sentiment for International Business Machines Corp with 28 Buy predictions and 5 Sell predictions.
As a result the target price of 263 € shows a slightly positive potential of 1.88% compared to the current price of 258.15 € for International Business Machines Corp.
