Meet the Monster Quantum Computing Stock That Continues to Crush the Market
Several companies in the "Magnificent Seven" are investing heavily in quantum computing, but another player in the background boasts a better stock price return over the last year than all of them.
When thinking about quantum computing, names such as Nvidia, Alphabet, Microsoft, or Amazon might come to mind. Each of these companies has developed custom chips and software focused on quantum computing technology -- providing them with even more opportunity to dominate the artificial intelligence (AI) landscape.
But what if I told you that over the last year, Nvidia is the only stock in this peer set that has generated a better total return than the S&P 500 and Nasdaq Composite?
Beyond the megacap technology stocks, IonQ (NYSE: IONQ) has emerged as a budding opportunity in the quantum computing realm. Over the last year, IonQ stock has risen by a staggering 432% -- absolutely crushing the S&P 500 and Nasdaq indexes, which have risen by 11% and 13%, respectively.
