Here's What $5,000 Invested in IonQ Stock Could Be Worth by 2030 (Hint: There Could Be Huge Upside)
IonQ may offer investors outsize returns as quantum computing takes off.
Overview
Quantum computing has the potential to be the next big breakthrough technology after artificial intelligence (AI), and right now, IonQ (NYSE: IONQ) looks like the best pure play in the space. The reason is accuracy. With $5,000, you could purchase 116 shares of IonQ stock.
One of the biggest current obstacles with quantum computing is that it is error-prone, and with quantum computers doing billions of calculations in seconds, even the tiniest error rate adds up quickly. However, IonQ's trapped-ion approach, with the addition of embedding microwave antennas directly into its chips, has proven to be the most accurate technology thus far. The company has achieved a 99.99% 2-qubit fidelity, giving it a lead in this area.
Image source: The Motley Fool.
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Originally published at www.fool.com.