Prediction: 2 Stocks That Will Be Worth More Than IonQ 5 Years From Now
The argument could be made that IonQ (NYSE: IONQ) is the most valuable quantum computing stock in the world right now, given that it is worth about $12.5 billion. The argument could also be made that there are at least a few other start-ups out there that could soon be worth even more.
For instance, I think a satellite imaging company and a nuclear start-up that has never sold a kilowatt of power will both be worth more than IonQ’s current valuation in 2031. Not because IonQ is a bad company, but because that market cap is a much lower bar than most investors realize, and these two have clearer paths to topping it.
IonQ has done real things. It bought the chipmaker SkyWater Technology for about $1.08 billion in July to own its own manufacturing; it has $3 billion in cash; and it has partnerships with several major cloud providers.
Source: www.fool.com — article syndicated from the publisher’s feed; all rights remain with the original publisher.