1 Thing to Know Before Buying IonQ Stock

Quantum computing is getting some attention from investors -- a nice change of pace from the relentless onslaught of artificial intelligence (AI) developments over the past couple of years. Alphabet's Google recently announced a significant breakthrough with its Willow quantum chip related to error correction, and pure-play quantum computing stock IonQ (NYSE: IONQ) has seen its stock rocket higher over the past few months.IonQ builds quantum computers and develops quantum networking technology. While the company isn't profitable, it's generating meaningful revenue. Recent deals with the U.S. Air Force Research Lab and the University of Maryland helped fuel IonQ's momentum, with the company more than doubling revenue in the third quarter to $12.4 million.The potential of quantum computing is certainly real. By taking advantage of the strange properties of quantum mechanics, a quantum computer composed of qubits can perform certain classes of computational tasks exponentially faster than a traditional supercomputer.Continue readingWeiter zum vollständigen Artikel bei MotleyFool Weiter zum vollständigen Artikel bei MotleyFool