We recently compiled a list of the 5 Quantum Computing Stocks Challenging Jensen Huang’s Stance. In this article, we are going to take a look at where IonQ, Inc. (NYSE:IONQ) stands against the other quantum computing stocks.
At the CES 2025, Nvidia CEO Jensen Huang claimed useful Quantum Computing was at least 15 years away. This caused the stock prices of many quantum computing stocks to crash considerably. Considering Jensen Huang’s industry-leading position, the public’s reaction was natural. However, since then, multiple quantum computing firms have disapproved of those remarks, claiming they are building commercially useful quantum computers today!
For context, quantum computing stocks recently took off and enjoyed gains as high as 1000%. Google’s progress on the Willow chip in December also supported this optimism, a moment that could well define the start of the quantum computing era.
We compiled a list of quantum computing stocks challenging Jensen Huang’s stance. To come up with the list, we considered stocks with a market cap of at least $200 million.
A quantum computer on a countertop in an engineering laboratory with a technician at work.
IonQ, Inc. (NYSE:IONQ)
IonQ, Inc. (NYSE:IONQ) is a quantum computer producer that utilizes ion-trapping technology for the computer’s operations. This tech uses electromagnetic fields to control the movements of charged particles. This makes it more suitable for commercial applications as the tech requires less cooling and more stable qubit manipulation.
IonQ stock is surging higher on the back of some announcements that the company has just made. It plans to expand its headquarters to add more office space, laboratories, and a data center. Over the next 5 years, the company plans to double its employees at the HQ to 250. The plans are dependent on approval from the local government, though Maryland Governor Moore’s words tell us the approval is likely:
With our wealth of talent, federal partners, and the world-class research universities here in Maryland, we have both the opportunity and the responsibility to seize this moment and become the world’s leading hub for quantum innovation.
IonQ, Inc. (NYSE:IONQ) was trading up over 19% when the market opened.
Overall IONQ ranks 5th on our list of the quantum computing stocks challenging Jensen Huang’s Stance. While we acknowledge the potential of IONQ as an investment, our conviction lies in the belief that some AI stocks hold greater promise for delivering higher returns, and doing so within a shorter timeframe. If you are looking for an AI stock that is as promising as IONQ but that trades at less than 5 times its earnings, check out our report about the cheapest AI stock.
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Disclosure: None. This article was originally published at Insider Monkey.
