Could IonQ Become the Next Nvidia?
Any investor would love to get in on the next Nvidia (NASDAQ: NVDA). This tech giant has led the artificial intelligence (AI) race, developing a dominant and likely lasting position in the AI chip market, and that's translated into spectacular earnings and stock price performance. Today's biggest movers and shakers in the development of AI platforms -- from Alphabet to Microsoft -- are among Nvidia's major customers. And when Nvidia announces a new chip, these giants and many others rush to be the first to buy it.
So, it's fair to say Nvidia has played and will continue to play a key role in this billion-dollar -- and soon to be, if analysts' predictions are right, trillion-dollar -- AI boom.
There's still plenty of room to get in on the Nvidia growth story, but investors also are looking to another innovative market that could result in a similar boom, and that's quantum computing. In fact, quantum company IonQ (NYSE: IONQ), which has seen its stock price soar more than 400% over the past year, recently suggested it could become the Nvidia of quantum computing. Can this quantum player potentially follow in AI superstar Nvidia's footsteps?
Source Fool.com
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