Quantum computing is the rage in technology circles, and small-cap stock %IonQ (NASDAQ: $IONQ) is a great way for investors to capitalize on the trend.
Many analysts say that %QuantumComputing is the next frontier in technology and likely to rival %ArtificialIntelligence (A.I.) in coming years.
In the past week, mega-cap technology companies %Amazon (NASDAQ: $AMZN) and %Microsoft (NASDAQ: $MSFT) have each unveiled their own proprietary quantum-computing microchips.
Technologists claim that within the next decade, powerful quantum computers will be able to solve problems that today’s traditional computers cannot handle.
This brings us to IonQ, a company based in Maryland that develops both hardware and software for quantum computing.
The company is at the forefront of the quantum revolution and counts Microsoft co-founder Bill Gates and %DellTechnologies (NYSE: $DELL) founder and CEO Michael Dell as investors.
The interest in quantum computing has powered IONQ stock to new heights. In the last 12 months, the share price has risen an impressive 160% to currently trade at just under $30 U.S. a share.
With a market capitalization of $6.48 billion U.S., IonQ remains a small-cap stock.
Like a lot of small caps, IonQ is prone to bouts of volatility, though its trajectory has largely been upwards since it went public in 2021.
While not yet profitable, IonQ is making strides with its finances and its in-demand technology.
The company’s 2024 revenue increased 95% year over year, and it had cash on hand of $363.8 million U.S. at the end of last year.
This is a company that promises big things for the future. Investors looking for companies on the bleeding edge of technology may want to consider IonQ.
