Is The Newest Quantum Stock IPO a Buy?
Quantinuum's public debut didn't attract much attention.
Is The Newest Quantum Stock IPO a Buy?
Overview
Quantinuum (NASDAQ: QNT), formed from the merger of Honeywell's (NASDAQ: HON) quantum computing division and UK-based Cambridge Quantum, went public at $60 per share on June 4. But as of this writing, its stock trades at about $51. Let's see why this quantum stock fizzled out -- and if it's worth buying as the bulls look the other way.
Quantinuum, like its chief competitor IonQ (NYSE: IONQ), uses trapped-ion systems to power its quantum systems. Unlike older electron-driven systems, which require cryogenic refrigeration and exhibit high error rates, trapped-ion systems exhibit higher fidelity and don't require refrigeration.
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Originally published at www.fool.com.
