10 Best Emerging Technology Stocks to Buy Now

3. IonQ Inc. (NYSE:IONQ)

Focus Area: Quantum computing solutions

Potential Upside: 131%

Number of Hedge Fund Holders: 28

IonQ Inc. (NYSE:IONQ) specializes in quantum computing hardware and software, developing a general-purpose trapped-ion quantum computer along with software designed to create, optimize, and execute quantum circuits.

The company’s appeal as an emerging technology leader is evident in its mission: “To build the world’s best quantum computers to solve the world’s most complex problems, transforming business, society, and the planet for the better.” IonQ Inc. (NYSE:IONQ) was among the first to successfully commercialize quantum computing and generate revenue, securing partnerships with several of the world’s largest enterprises.

Its stock has experienced significant volatility, delivering a 237% return in 2024 but losing 50% of its value in 2025 year-to-date following unfavourable remarks from Nvidia’s CEO. Despite this, the potential for quantum computing remains immense. According to the McKinsey Quantum Technology Monitor, the industry’s total addressable market could reach approximately $85 billion by 2035. Additionally, with expanding applications, quantum computing and networking could generate up to $880 billion in economic value by 2040 (source: company presentations).

After reporting strong quarterly earnings on February 26, a Benchmark analyst reaffirmed a Buy rating on the stock, though the price target was revised down from $50 to $45. The analyst remains optimistic about the company’s future, citing “strong progress across technical and operational fronts”.