Could IonQ Be the Next Nvidia?
Over the last two years, much of the dialogue surrounding artificial intelligence (AI) has been focused on one core type of computing hardware: graphics processing units (GPUs). The parallel processing capacities of these chips make them particularly well suited to the development and deployment of generative AI. For now, Nvidia is the biggest player in the data center GPU space, with an estimated 88% market share.
Savvy investors understand that GPUs are only one variable in the broader AI equation, though. One area that is beginning to attract some attention is quantum computing, where rising star IonQ (NYSE: IONQ) has some designs on becoming the next Nvidia.
Traditional computers store information and data in binary bits (0s and 1s). Quantum computers, however, use quantum bits (qubits) as the foundation for memory and processing. Qubits can be take the form of different arrangements simultaneously -- this dynamic is known as superposition in quantum mechanics.
Source Fool.com
