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Is IonQ a Buy?

TheMotleyFool

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Thanks to its soaring stock last year, quantum computing specialist IonQ (NYSE: IONQ) is a company that has people talking. Up more than 225% in 2024, the shares have clearly attracted a ton of interest from investors. But it's a new year, and the question is this: Is IonQ a long-term buy? Let's dig into that right now.

Image source: Getty Images.

First off, let's understand what IonQ does, and why it is attracting so much interest from investors. In a nutshell, IonQ is a quantum computing business. Here's how the company describes its business model in its 2023 annual report:

Source Fool.com

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