Quantum Computing Sector

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>>> IonQ went public via a merger with the special purpose acquisition company (SPAC) dMY Technology Group III in 2021. IonQ is a start-up-stage quantum computing company, and it's the first quantum computing pure-play (all it does is quantum computing development) company to become publicly traded.


https://www.fool.com/investing/stock-market/market-sectors/information-technology/ai-stocks/quantum-computing-stocks/


IonQ develops quantum computing hardware and is the first to have its computing systems available via all the major public cloud services. It plans to build a network of quantum computers accessible via the cloud and is targeting rapid growth in 2023 as researchers begin using its hardware at greater scale.

IonQ's orientation toward cloud computing is illustrated by its partnerships with Microsoft, Amazon's (AMZN 1.65%) Web Services (AWS), and Google Cloud. The Japanese telecommunications company and tech investor SoftBank Group (SFTBF -2.12%) also has invested in IonQ and is partnering with the company to bring quantum computing power to the many other tech companies in its portfolio. IonQ's most powerful computer, Aria, is now available via an Amazon AWS service.

IonQ generates little in the way of revenue right now and is not yet profitable. It will need to continue spending heavily to develop its products and business for at least a few more years. Investing in this start-up is a speculative play. The stock could be the most profitable way to invest in quantum computing if IonQ is successful, but investors should act with prudence, given that this is still a start-up business.

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