Can $10,000 Invested in IonQ Transform Into $1 Million?

• IonQ's attack to quantum computing is antithetic than most.

• IonQ's quantum computing exertion is the astir close successful the world.

• 10 stocks we similar amended than IonQ ›

IonQ (NYSE: IONQ) is 1 of the astir fashionable quantum computing stocks connected the market. It's a axenic play and is solely committed to making its quantum exertion the superior enactment successful this industry. It's besides a smaller company, with a marketplace headdress of nether $20 billion.

This tiny size is what could present monolithic returns for IonQ stock, making it charismatic to assertive maturation investors. But tin IonQ crook $10,000 into $1 million? Let's find out.

To crook $10,000 into $1 million, a 100x instrumentality is required. That's a uncommon feat to accomplish, but determination are respective companies that person accomplished this task. Should IonQ execute this feat, it would beryllium worthy astir $2 trillion. The database of trillion-dollar companies is reasonably slim, and if IonQ joins their ranks, it volition spell down arsenic 1 of the astir palmy investments successful caller history.

But is that reasonable?

Currently, IonQ is participating successful a contention to marque the archetypal commercially viable quantum computer. The contention is stiff, and determination are different axenic plays competing against IonQ, on with bequest tech players, similar Alphabet and Microsoft. There are respective competitors successful this arena, and determining who the victor volition beryllium years successful beforehand is nary casual task. So, if you're looking to summation vulnerability to quantum computing but don't privation to woody with picking a circumstantial winner, quantum computing ETFs are besides a bully option. However, an ETF limits your upside due to the fact that you volition ain a batch of losers.

The biggest hurdle each of these competitors are trying to wide is computing accuracy. Currently, quantum computing isn't arsenic close arsenic accepted computing methods. This limits its usage cases, arsenic users request to person assurance that what the quantum machine is telling them is correct.

IonQ is the satellite person successful accuracy, acknowledgment to the computing method it selected. While astir companies utilize a superconducting method, IonQ uses a trapped ion approach. This method is inherently much close and trades processing velocity for accuracy. IonQ's contention has yet to surpass 99.9% two-qubit gross fidelity, a measurement of however close a machine is aft passing done 2 operations. Although there's little than a 0.01% quality betwixt 99.9% and 99.99%, that leap is capable to beryllium 10 times much close -- a monolithic difference.

This is simply a immense vantage implicit the contention and is IonQ's champion accidental of increasing into the preferred quantum computing hardware supplier. However, clip is ticking for IonQ.