2024-02-22 13:45:25 ET
Summary
- Last July, I was attracted to IonQ, Inc., but warned investors about three major risks which forced me to initiate coverage with a hold rating.
- IonQ's strategy is to push technological boundaries to emerge as a leading player in the quantum computing industry while securing strategic partnerships to drive short-term revenue higher.
- To identify whether IonQ's trapped ion technology possesses competitive advantages, I spoke to a PhD candidate in quantum computing and quantum communication from London, who is also a close friend.
- In this article, I am sharing my findings on IonQ's competitive positioning and improving revenue visibility.
Last July, I was attracted to IonQ, Inc. ( IONQ ), but warned investors about three major risks which forced me to initiate coverage with a hold rating despite falling in love with the company's story. IONQ stock is down 30% since then. I reiterated my hold rating in October as I thought the company was yet to tackle my concerns, and the stock has moved 12% higher since then....
Read the full article on Seeking Alpha
For further details see:
IonQ: Upgrading To Buy Based On New Information