11 Best Quantum Computing Stocks to Buy Right Now

6. IonQ, Inc. (NYSE:IONQ)

Number of Hedge Fund Holders: 28

IonQ, Inc. (NYSE:IONQ) is engaged in developing quantum computers and networks.  The company has announced that it reached a definitive agreement with each of SK Telecom and ID Quantique (IDQ), a leader in quantum safe networking and sensing, to acquire a controlling stake in IDQ. Along with the transaction, IonQ, Inc. (NYSE:IONQ) expects to enter into a strategic partnership focused on quantum with SK Telecom, which is the largest wireless telecommunications operator in South Korea.

Additionally, IDQ’s patent portfolio of ~300 patents and patent applications would result in the total count of granted and pending patents that IonQ, Inc. (NYSE:IONQ) owns or controls to ~900. The strategic transaction and the expertise of ID Quantique strengthens IonQ, Inc. (NYSE:IONQ)’s role as a global leader in next generation secure communications. IonQ, Inc. (NYSE:IONQ) also anticipates that the intended strategic partnership with SK Telecom significantly enhances the distribution of IonQ quantum technology, resulting in several commercial and technical opportunities.

In early January 2025, the company announced that it has completed its acquisition of substantially all of the assets of Qubitekk, Inc. The acquisition will bring Qubitekk’s advanced technology, and extensive patent portfolio into IonQ, Inc. (NYSE:IONQ)’s operations, cementing its position at the forefront of quantum networking and computing. These strategic moves form part of the company’s efforts to develop a strong foothold in the quantum networking market.