IONQ - Can This Under-the-Radar Tech Stock Disrupt Nvidia?
2024-02-12 07:50:00 ET
It's clear by now that recent artificial intelligence breakthroughs powered by Nvidia (NASDAQ: NVDA) chips will be disruptive to many businesses and governments worldwide. To many, the current AI revolution came out of nowhere. But even before the earth-shaking debut of ChatGPT in November 2022, there were early indications AI was turning a corner.
Is there another new technology at a pre-breakthrough stage today? Quantum computing may be at that point. In fact, quantum computing leader IonQ (NYSE: IONQ) just announced a technological breakthrough that could pave the way toward commercialization of the technology very soon.
While transistor-packed semiconductors such as Nvidia H100s can do a massive amount of computing, each transistor still operates on a binary code of either 1 or 0 to store information.
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Can This Under-the-Radar Tech Stock Disrupt Nvidia?