IonQ: Don't Buy The Wrong Qubit Technology [Seeking Alpha]
IonQ, Inc. (IONQ)
Company Research
Source: Seeking Alpha
IONQ is exploring markets where their computers may outperform classical computers and trying to reduce the number of qubits needed for specific problems. IONQ must ensure access to qubits capable of scaling to quantum advantage to ensure the company's survival. I first wrote about IONQ in August 2023; I gave them a strong buy rating, and the article was titled " Buy it Now Quantum Advantage is Close. " I no longer believe quantum advantage is close for IONQ and am downgrading them to a hold rating. I do not think the technology chosen by IonQ ( NYSE: IONQ ), trapped Ion qubits, is sufficiently scalable to deliver a computer capable of Quantum Advantage or Quantum Supremacy. I also believe IONQ has reached the same conclusion. Consequently, IONQ is exploring markets where their computers may perform better than existing classical computers and trying to reduce the qubits needed to solve specific problems. This strategy may provide a commercial runway of several years and comp
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IONQ
News
- IonQ: Pain From Its Implosion Might Not Be Over (Downgrade) [Seeking Alpha]Seeking Alpha
- Why 77% Revenue Growth Is Meaningless for IonQ Stock [Yahoo! Finance]Yahoo! Finance
- Is IonQ Stock a Buy? [Yahoo! Finance]Yahoo! Finance
- IonQ, Inc. (NYSE: IONQ) had its "buy" rating re-affirmed by analysts at Needham & Company LLC. They now have a $18.00 price target on the stock.MarketBeat
- Is Most-Watched Stock IonQ, Inc. (IONQ) Worth Betting on Now? [Yahoo! Finance]Yahoo! Finance
IONQ
Earnings
- 5/8/24 - Beat
IONQ
Sec Filings
- 5/10/24 - Form 10-Q
- 5/8/24 - Form 8-K
- 5/8/24 - Form DEFA14A
- IONQ's page on the SEC website