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Is IonQ Stock a Buy Now?
Aside from artificial intelligence, quantum computing may be one of the hottest tech trends investors are following right now. The quantum computing market holds a lot of promise: In 2023, a McKinsey report homed in on how quantum computing could impact the automotive, chemical, financial services, and life sciences industries, and forecast that the tech could add $1.3 trillion in value to those four sectors alone over the next decade. Such upbeat outlooks are simply too hard for many investors to pass up, and one quantum computing stock that has been benefiting from all of the hype is IonQ (NYSE: IONQ). Its share price has gained more than 400% over the past year.That incredible run has many investors wondering whether they're missing out by not owning IonQ stock. But while the company is certainly tapping into an exciting trend, there are three reasons why IonQ stock isn't a buy right now.Continue reading
Aside from artificial intelligence, quantum computing may be one of the hottest tech trends investors are following right now. The quantum computing market holds a lot of promise: In 2023, a McKinsey report homed in on how quantum computing could impact the automotive, chemical, financial services, and life sciences industries, and forecast that the tech could add $1.3 trillion in value to those four sectors alone over the next decade.
Such upbeat outlooks are simply too hard for many investors to pass up, and one quantum computing stock that has been benefiting from all of the hype is IonQ (NYSE: IONQ). Its share price has gained more than 400% over the past year.
That incredible run has many investors wondering whether they're missing out by not owning IonQ stock. But while the company is certainly tapping into an exciting trend, there are three reasons why IonQ stock isn't a buy right now.
