IonQ (IONQ) Stock

IonQ Inc (IONQ) is making waves in the markets, with its stock price increasing by 290% in the past year and rising 30% in just the last month.

Quantum computing is experiencing a situation similar to the video cassette format wars of the 1970s and 80s, where the adult film industry played a key role in making VHS the preferred choice.

When investors talk about the artificial intelligence (AI) market, they usually pay attention to companies that make GPUs, such as Nvidia, software developers like OpenAI, large cloud providers like Microsoft, and chipmakers like Broadcom. However, they often miss the opportunities that AI could bring to the emerging quantum computing market.

In the past year, artificial intelligence (AI) has received a lot of attention in the stock market, but in 2024, quantum computing made a significant impact. IonQ is one of the companies working on quantum computing for business use, which could lead to groundbreaking innovations that are hard to imagine.

Sweetgreen (SG 3.27%) is a chain of salad restaurants that became a public company in 2021. By early 2024, its stock price had dropped by almost 80% compared to when it first went public.

IonQ, a company focused on quantum computing, has gained a lot of attention due to its rapidly rising stock last year. With an increase of over 225% in 2024, its shares have certainly caught the eye of many investors.

Recently, there has been increased investment in quantum computing, largely due to Google's advancements with its Willow quantum computing chip. This chip successfully completed a benchmark test that would have taken the fastest supercomputer an astonishing 10 septillion years to finish (that's 26 zeros!).

IonQ's stock saw significant increases during Friday's trading, rising by 10.8%. This surge in the quantum-computing company's share price occurred in a positive market environment.

IonQ (IONQ 3.18%) is currently one of the most popular stocks on Wall Street. The company's shares increased by almost 400% during the last three months of 2024.