Should You Buy IonQ Stock for Just $45?
IonQ is leading the charge in quantum computing stocks.
So far this year, many of the hottest stocks fueling the artificial intelligence (AI) revolution have taken a breather. As of the closing bell on May 23, shares of Nvidia, Amazon, Alphabet, Apple, and Tesla have negative returns on the year.
With megacap technology stocks showing some signs of fatigue, where else could growth investors be looking? As far as I can tell, those focused on AI have been looking beyond the "Magnificent Seven" and are redeploying capital into emerging opportunities in this sector. One such area that is fetching quite a bit of attention right now is quantum computing.
When it comes to quantum computing stocks, IonQ (NYSE: IONQ) might just be the hottest ticket in town. Shares are up just 9% on the year and currently trade for $45. Is now a lucrative opportunity to buy IonQ stock? Let's find out.
