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IonQ (NYSE: IONQ), a leading quantum computing company, has experienced a stock price increase of 479% over the past year, yet has faced stagnation recently. As of now, the company’s market capitalization stands at approximately $12 billion, driven primarily by research contracts, with expectations of reaching $1 billion in sales by 2030.
IonQ is distinct in its quantum computing approach, utilizing trapped ion qubits rather than the more common superconducting qubits, allowing for operation at room temperature with potentially greater accuracy but slower processing speeds. The quantum computing industry is expected to present a market opportunity of $87 billion by 2035, with predictions indicating that quantum technology could generate up to $880 billion in economic value by 2040.
Analysts caution that despite the potential upside, IonQ lacks a viable business model and is primarily valued on speculative future growth. Investors are advised to approach with caution, potentially limiting investments to 1% of their portfolio.
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