Konaploinks
4 hours ago
NVDA could be buying IonQ before you know it. Someone will. Who’s gonnq get it first? Jensen,Bill,Zuk,Mark,Michael,Sam,Satya,Jeff? etc etc He who controls all the data in the quantum cloud first, wins. Who’s on first?
Good luck.
RYAN PETERSON
Contributor, Benzinga
October 9, 2024
IonQ, Inc. is at the forefront of quantum computing, leading the charge in developing commercially viable quantum systems. With groundbreaking achievements like demonstrating remote ion-ion entanglement, IonQ’s technological advancements have positioned it as a key player in an industry with tremendous growth potential. As investors look for the next big thing in tech, IonQ’s stock has garnered attention. But where is it headed? Let’s explore the potential future of IonQ stock with predictions for 2024, 2025 and 2030.
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Table of Contents
Current Overview of IonQ Stock
Methodology for Stock Price Prediction
IonQ Stock Price Prediction for 2024
See All 6 Items
Current Overview of IonQ Stock
Today, IonQ (IONQ) is trading at $9.07 per share. The company has a market capitalization of approximately $2 billion, reflecting strong investor interest despite being a relatively young company in an emerging field. IonQ has made significant strides in quantum computing, notably achieving remote ion-ion entanglement, a key milestone in scaling quantum systems. This achievement showcases IonQ's commitment to developing photonic interconnects, a vital step toward building large-scale quantum networks.
IonQ’s leadership, led by President & CEO Peter Chapman, has emphasized scalability as the company’s guiding principle. The firm is rapidly advancing toward commercial quantum advantage, where quantum systems will outperform classical computers for specific tasks. This promise has attracted worldwide attention from businesses, academic institutions and governments.
The stock has experienced volatility in line with broader tech trends. While IonQ has been making technological advancements, investor sentiment has fluctuated as the company continues its journey toward profitability. Insider transactions show mixed signals, with more sales than purchases, which has raised questions about short-term price performance. Still, IonQ’s potential long-term growth, especially as it nears significant breakthroughs in quantum technology, keeps many investors optimistic.
Methodology for Stock Price Prediction
Predicting the future price of IonQ stock involves a multifaceted approach, using technical analysis, fundamental analysis and expert opinions:
Technical Analysis: This involves analyzing historical stock price trends and patterns. IonQ has shown significant volatility, but its current trend suggests growth potential. Analysts often look at moving averages and stock price history to forecast short-term movements.
Fundamental Analysis: IonQ’s financials, such as its earnings potential, R&D investments and technological milestones, provide insight into its long-term value. The company is in the early stages of commercializing quantum computing, so many investors are focused on its revenue growth potential and the broader market opportunity for quantum computing.
Expert Opinions: Several analysts have rated IonQ as a “Buy,” with an average brokerage recommendation of 2.00 on a scale where 1 is a Strong Buy and 5 is a Strong Sell. As with all stocks in emerging industries, analysts emphasize the importance of watching how the company executes its growth strategy.
IonQ Stock Price Prediction for 2024
Looking ahead to 2024, IonQ stock is expected to see significant growth. The forecast places the stock at $14.18, representing a 56.12% increase from its current price of $9.07. Several factors drive this growth:
Technological Milestones: With IonQ’s successful demonstration of remote ion-ion entanglement, the company is closer to achieving commercial quantum advantage. This technology could open new revenue streams from enterprise and government clients as it matures.
Market Demand for Quantum Solutions: As industries ranging from finance to pharmaceuticals look to harness the power of quantum computing, IonQ is well-positioned to benefit from increasing demand.
Investor Sentiment: If IonQ continues to deliver on its technical road map, investor sentiment could remain positive, driving the stock price higher.
IonQ Stock Price Prediction for 2025
By 2025, IonQ’s stock is forecast to climb to $22.13, reflecting a 143.75% increase from today’s price. This optimistic projection assumes that IonQ continues progressing on its scaling strategy and that quantum computing applications become more widespread.
Revenue Growth: As IonQ transitions from R&D to more commercial applications, revenue growth will likely follow. With industries such as cybersecurity and material science increasingly turning to quantum solutions, IonQ is expected to capture a significant share of this growing market.
Strategic Partnerships: IonQ’s collaborations with academic institutions and enterprise clients are expected to expand, providing the company with valuable research and development partnerships that could accelerate its technological advancements.
Valuation Metrics: As quantum computing becomes more mainstream, investors may place a premium on stocks like IonQ, pushing valuations higher. While the company is not yet profitable, the long-term potential could justify higher stock prices by 2025.
IonQ Stock Price Prediction for 2030
By 2030, IonQ’s stock is projected to skyrocket to $131.50, marking an extraordinary 1,348.22% increase from today’s price. This projection assumes that quantum computing will advance significantly and that IonQ will lead the field.
Quantum Advantage Achieved: By 2030, IonQ is expected to achieve full quantum advantage, where quantum computers outperform classical computers in commercially viable tasks. This breakthrough would mark a major turning point for the company, driving widespread adoption of its technology.
Exponential Growth: As quantum computing becomes an essential tool across industries, IonQ’s revenue and market share are expected to grow exponentially. The projected stock price reflects the potential for IonQ to dominate the quantum computing landscape, much like how companies like NVIDIA have dominated the GPU market in recent years.
Long-Term Investor Appeal: If IonQ delivers on its ambitious goals, the potential returns for long-term investors could be substantial. However, these projections depend heavily on the company’s ability to execute its strategy and maintain technological leadership.
Jetmek_03052
5 hours ago
On Oct 22, 2023, the S&P 500 had a low of 4103.78. It closed yesterday at 5815.03. That's a rise of 1,711.25 points....not 2,300 points.
But still....yes, it is a giant rise. Along with the rest of the benchmarks.
I'm sure that when the Dow was at approx. 3,900 thirty years ago (Oct 94), no one ever imagined it would eventually rise and get up to almost 43,000 today. And along the way? I'm certain that people like yourself were saying it was stupid to invest, that the market was surely about to crash. No doubt they advocated going short or staying out of the market all together. Those that listened to that advice missed out on millions of dollars of profit.
I'm sure that some event at some point will correct this market. The market has been correcting off and on since it was established. You cannot know when it will happen. No one can possibly know. And most investment professionals will tell you that it's best to remain invested and deal with any correction as best as possible.
IanFromSI
23 hours ago
It’s a remote possibility, regardless of how unlikely it is, I agree there is a remote chance some company might come to its rescue.
However, what product or service can IONQ deliver today???
When it talks about potential products, verbs like would, will, or might are used.
That $55 million contract that Kona et al are so proud of, is for four years. There is no mention of any product or service that will be delivered in any one of the next four years. Before now, I had never seen any company say they have a multi-year contract without any mention whatsoever of what they’re obligated to provide for the dollar value of that contract.
If This was an emerging biotech, the company would be immediately called a scam. … and in time, would prove itself to be a scam.
Dallas-Cowboys
1 day ago
CHIPS
AMD’s Event Disappointed. Here’s a Silver Lining.
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Investors underwhelmed by Advanced Micro Devices new artificial intelligence chip launched Thursday, may have overlooked an important point.
At the chip maker’s Advancing AI event in San Francisco it also said the global market size for AI chips will grow more than previously thought. That’s a big positive.
CEO Lisa Su said it now expects that the market for AI data center graphics processing units, or GPUs, will grow by more than 60% a year and reach $500 billion by 2028. Last year, the anticipation was that the market would exceed $400 billion by 2027.
“AMD…is making great strides in becoming a total AI platform provider, but we believe making a notable dent into Nvidia’s share remains unlikely,” CFRA analyst Angelo Zino said, maintaining a Buy rating on the stock.
Nvidia is generally estimated by analysts to have around 90% of the market for AI data center chips, with AMD as a distant second player. Intel is also technically in the mix but hasn’t been able to keep up with the competition in later years.
Still, being the second best in a market this rich may not be such a bad thing. And AMD has some big names in its customer base, too, including Microsoft, Meta and Oracle.
The investor disappointment at the event was largely directed at AMD’s newest AI data center GPU, the Instinct MI325X. AMD shares fell 4% after the announcement as the product isn’t’ expected to present a significant challenge to Nvidia’s powerful Blackwell GPUs which are just starting to reach customers this quarter.
AMD failed to drive investor excitement as it largely recapped already well understood product road maps, Oppenheimer analyst Rick Schafer, who has a Perform rating on the stock, said. There was “not much there.”
AMD
Dallas-Cowboys
1 day ago
Not sure if everyone saw this yesterday if so apologies
CHIPS
Nvidia Stock Rises After Management Says Blackwell Is Sold Out for 12 Months
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Nvidia shares are rising on Thursday after management said demand for its next generation GPU Blackwell is strong.
In a note published Thursday, Morgan Stanley analyst Joe Moore said his firm hosted Nvidia CEO Jensen Huang and other members of the company’s management team this week for a series of meeting with investors. The analyst said the executives revealed Nvidia’s Blackwell GPU products are “booked out 12 months,” which means if a customer puts in an order today they won’t receive the product until late next year.
Nvidia shares were up 1.5% at $134.67 in midday trading. The stock closed down 0.2% on Wednesday.
A string of recent gains has left Nvidia close to its record closing high—adjusted for stock splits—of around $135, hit in June. The focus continues to be on growth in its data-center revenue, powered by investment in AI technology.
Analysts at UBS also said export data released this week from the Taiwan Ministry of Finance was broadly consistent with their model of Nvidia’s third-quarter data center revenue rising 15% from the previous quarter.
“We would caution that the Q/Q [quarter on quarter] growth for TW [Taiwan] and Nvidia have differed as much as midteens in either direction in recent years, so the data isn’t definitive,” UBS analyst Timothy Arcuri wrote.
Arcuri has a Buy rating and $150 target price on Nvidia stock.
Attention will soon turn toward the company’s third-quarter earnings prospects, with its report due next month.
“Nvidia was most beaten up last time around because of fear that their earnings growth was coming down but in fact, Nvidia’s earnings are still expected to grow over 80% year over year. If you took an optimistic view, that’s still fantastic EPS growth and it’s still way faster than any of its competitors,” said Mark Malek, chief investment officer at Siebert, in an emailed comment.
Among other chip makers, Advanced Micro Devices was falling 0.2% and Broadcom was falling 0.2% in midday trading.
Dallas-Cowboys
1 day ago
Software Supremacy. Nvidia shares are rallying again with the chip maker’s market value hitting $3.3 trillion. Any day now, Nvidia could surpass Apple as the world’s most valuable company.
Nvidia’s latest move higher comes as AI server makers Super Micro Computer and Hon Hai tout continued demand for AI hardware. Even the CEO of Microsoft is boasting on social media about how quickly his company is adopting Nvidia’s latest chips. (Nvidia’s graphics-processing units are well suited for the parallel computations needed for AI.)
While Nvidia basks in its success, the company’s brightest days may still be ahead. CEO Jensen Huang is optimistic the GPU maker can continue improving the performance of AI hardware, leading to more advances in AI capabilities.
In fact, Huang says, we haven’t seen anything yet in terms of AI innovation.
“We’re trying to make it go faster,” Huang said during a conversation with Arm CEO Rene Haas. The discussion came in the debut episode of a new podcast hosted by Arm, called Tech Unheard. The podcast launches Wednesday.
There are close ties between Huang and Haas and their companies. Before joining Arm, Haas spent seven years working for Huang as general manager of Nvidia’s computing products business. In 2020, Nvidia agreed to buy Arm for $40 billion. The deal fell through after regulatory challenges.
That familiarity was evident in the conversation between the two chip executives. They bantered about their shared history with some revealing dialogue mixed in.
Huang told Haas that Nvidia would drive additional performance—without additional energy and cost requirements—by going beyond the GPU, designing the entire computing system, from networking and switches to software and other chips.
“We want to drive the cost down so that we could deliver this new type of reasoning inference with the same cost and responsiveness as the past,” Huang said.
He added that AI chatbots would be able to research ideas, reason, and reflect on their answers more thoroughly by going through thousands of thought computations before reaching a conclusion. “The quality of answers will be so much better.”
But more than before, Huang is also talking up the power of software. It’s another area of strength for Nvidia, but one where the company doesn’t get much credit.
On this week’s podcast, Huang emphasized the importance of software and its compatibility with future hardware.
“The software that you developed for yesterday’s clusters like Hopper is going to run on Blackwell, and that software will run on Rubin [Nvidia’s future GPU architecture],” he said. “This architectural compatibility is really quite vital because the investment of the industry on software is a thousand times larger than hardware…all the software you write today will get better tomorrow.”
Huang noted that once software is put into production, it rarely dies inside companies. Nvidia’s software programming ecosystem, CUDA, is powerful because any new software can run on an installed base of Nvidia GPUs that is already in the hundreds of millions.
Despite Nvidia’s reputation as a hardware and chip company, more than half of the company’s engineers work on software. That’s likely a surprise to many investors—and one more reason Nvidia shares have room to run.
This Week in Barron’s Tech