Is IonQ Stock a Buy?
New technologies can be exciting for investors. Artificial intelligence. Electric vehicles. The list goes on. Now, we have a new theme emerging: quantum computing. Stocks such as IonQ (NYSE: IONQ) have soared in recent quarters due to the enormous potential of this technology, which could bring a genuinely new type of computer to market for the first time in close to a century.
Investing in cutting-edge technology can be worthwhile. Case in point, consider Nvidia. However, for every Nvidia that delivers monster 100-bagger returns to its shareholders, there will inevitably be a dozen duds that languish in small-cap territory or even go to zero.
So, which will IonQ be: The next great hypergrowth technology stock or a story stock that turns out to be all hype?
Source Fool.com
