Is IonQ Stock a Buy?
Artificial intelligence (AI) has gotten most of the stock market hype over the past year, but quantum computing burst onto the scene in a big way in 2024. IonQ (NYSE: IONQ) is one of the companies developing quantum computing for commercial applications, which could unlock new levels of innovation in ways that are difficult to comprehend.
Just how big a leap is quantum computing? (parent company of Google) recently announced that its quantum chip could solve a calculation in under five minutes that today's fastest supercomputers would need 10 septillion years to solve. That's 10,000,000,000,000,000,000,000,000 years!
IonQ's shares have risen 237% over the past year due to its developments and market excitement as quantum computing inches closer to reality.
Source Fool.com
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As a result the target price of 300 € shows a slightly positive potential of 7.01% compared to the current price of 280.35 € for Alphabet Inc. C.
