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IONQ - IonQ: Pushing For Commercialization Valuation Still Frothy
IonQ Inc
2024-05-23 08:40:00 ET
Summary
IonQ has conducted test cases of its quantum computing technology with its work on airport and power grid optimization, demonstrating its potential commercial applications.
IonQ is bringing current proven technology to market. Going forward now affords IonQ with a "first-mover" advantage to capture a large chunk of the potential market.
Unfortunately, the current revenue and bookings may not justify its valuation.