12 Best AI Stocks to Invest in According to Reddit

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5. IONQ Inc. (NYSE:IONQ)

Number of Hedge Fund Holders: 28

IONQ Inc. (NYSE:IONQ) develops and provides access to quantum computers and networks. By using advanced trapped-ion technology, it aims to unlock the potential of quantum computing in order to revolutionize industries such as healthcare, materials science, and AI.

The company’s primary AI focus is quantum computing and networking. The company expanded its networking capabilities by acquiring Qubitekk and securing a controlling stake in ID Quantique, which helped it gain nearly 900 patents. This strengthened the company’s position in secure quantum communication for telecom and defense. Overall 2024 revenue was $43.1 million, which was a 95% year-over-year increase. The company projects 2025 revenue between $75 and $95 million.

In computing, IONQ Inc. (NYSE:IONQ) delivered its first Forte enterprise system and is developing the Tempo system. Forte Enterprise system is the company’s current advanced quantum computer for commercial use, while Tempo is its next-generation system that aims for even greater performance and wider application. Collaborations with AstraZeneca and General Dynamics Information Technology are advancing AI-driven applications like drug discovery and fraud detection.

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