IONQ: Leading the Quantum Revolution with High Growth Potential
183 sats \ 5 comments \ @nati1811 15 Dec 2023 stocks freebie
Hey fellow stackers, I wanted to share some insights about IONQ. They focus on developing and commercializing quantum computers that leverage trapped ions as qubits (quantum bits). Trapped ions are ions that are held in place by electromagnetic fields, allowing for precise control and manipulation.
Financially they are showing great growth of 122% from previous year. They have cash equivalent of 485$ million with little debt. They aren't profitable though, losing 44.8$ this quarter.
They've 30%~ short interest🍋
I believe quantum computing will be the next big thing and a driving force in the globalization and acceptance of crypto world wide in a few years. IONQ will lead the way IMO. They might be overpriced right now but keep them on your watchlist :)
Not a financial advice
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100 sats \ 1 reply \ @kr 15 Dec 2023
why do you think they will be successful?
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0 sats \ 0 replies \ @nati1811 OP 15 Dec 2023
successful
IONQ focuses on trapped ion qubits, known for their high fidelity (low error rates) and scalability (potential for building larger quantum computers).
They prioritizes developing robust error correction techniques, essential for overcoming noise and ensuring reliable computations.
IONQ actively seeks partnerships and projects that explore the practical potential of quantum computing.
Of course, this could take 10 years to unfold if at all, so do your own research :)
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0 sats \ 0 replies \ @BlokchainB 17 Dec 2023
Interesting company! Added to the watch list. Thanks
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0 sats \ 1 reply \ @orthzar 15 Dec 2023
In 2018, a renowned physicist published an article, in which he said:
I believe that, appearances to the contrary, the quantum computing fervor is nearing its end. That's because a few decades is the maximum lifetime of any big bubble in technology or science. After a certain period, too many unfulfilled promises have been made, and anyone who has been following the topic starts to get annoyed by further announcements of impending breakthroughs. What's more, by that time all the tenured faculty positions in the field are already occupied. The proponents have grown older and less zealous, while the younger generation seeks something completely new and more likely to succeed.
Now is the time to be divesting yourself of any investments in quantum computing. Worse, if you have started a company or career in quantum computing, now is the time to find a more reliable industry or field of research -- one that is not built on hype and un-fulfilled promises.
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0 sats \ 0 replies \ @nati1811 OP 15 Dec 2023
Thanks for sharing!
I understand your concerns about the potential bubble in quantum computing. There has been hype surrounding the field, bur I believe recent developments suggest otherwise. Here are some examples:
-Programmable 48-qubit quantum processor:
In December 2023, researchers achieved a major milestone by creating a programmable logical quantum processor capable of encoding 48 qubits and executing hundreds of operations. This is a significant step towards scalable and practical quantum computers.
-Breakthrough in graphene measurement:
In October 2023, researchers developed a "quantum ruler" using trapped ions to measure and explore the unique properties of graphene. This opens up possibilities for next-generation materials and devices.
These are just a few of the recent breakthroughs in the field. While challenges remain, such as achieving error correction and developing commercially viable applications, the pace of progress is accelerating.
As I said the company is overpriced right now but I'll keep it on my watchlist.
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