IONQ - IonQ: Enormous Valuation And The Competition Is Big-Tech

• Although the company is operating in a potential megatrend, it is not yet clear what the business outlook will be and who will prevail technologically.
• They will have to compete with strong rivals that have considerably more financial resources for research and talent.
• The company has a market capitalization of  $1.9B but generates hardly any revenue. The risk/reward is not attractive.
• A lot of downside potential is there. I can hardly think of a trigger that would drive this enormously high valuation even higher now - the only one would be a takeover by big-tech.

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