2024-04-08 07:26:15 ET
Summary
- IONQ's trapped Ion qubits technology is not scalable enough for Quantum Supremacy.
- IONQ is exploring markets where their computers may outperform classical computers and trying to reduce the number of qubits needed for specific problems.
- IONQ must ensure access to qubits capable of scaling to quantum advantage to ensure the company's survival.
I first wrote about IONQ in August 2023; I gave them a strong buy rating, and the article was titled " Buy it Now Quantum Advantage is Close. " I no longer believe quantum advantage is close for IONQ and am downgrading them to a hold rating.
I do not think the technology chosen by IonQ ( IONQ ), trapped Ion qubits, is sufficiently scalable to deliver a computer capable of Quantum Advantage or Quantum Supremacy. I also believe IONQ has reached the same conclusion. Consequently, IONQ is exploring markets where their computers may perform better than existing classical computers and trying to reduce the qubits needed to solve specific problems.
This strategy may provide a commercial runway of several years and complement their current plan of providing quantum computers that people can use to prepare for the day when a computer with supremacy arrives....
Read the full article on Seeking Alpha
For further details see:
IonQ: Don't Buy The Wrong Qubit Technology