Can IonQ Maintain Its Quantum Edge With China Advancing Fast?
Two of IonQ's most relevant competitors in the global quantum race are International Business Machines Corporation IBM and Alphabet Inc. GOOGL, both of which are heavily investing in quantum computing and encryption technologies. IBM, a long-standing player, has built one of the most mature quantum platforms with its IBM Quantum program. It recently announced plans for a 100,000-qubit machine within a decade, emphasizing error correction and scalable architectures. While IBM leads in industrial partnerships and open-access quantum development, it lags IonQ in photonic interconnect innovation and commercial quantum networking.Alphabet, via its Google Quantum AI division, also poses a major challenge. Known for achieving "quantum supremacy" in 2019, Google is pursuing superconducting qubit systems and has laid out a roadmap toward fault-tolerant quantum computing. However, it remains focused on in-house research rather than commercializing quantum networking, where IonQ currently holds a distinctive first-mover advantage.
IonQ shares have gained 71.6% in the past three months, outperforming the Zacks Computer - Integrated Systems industry.
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IonQ's forward 12-month price/sales ratio of 102.99 is far above the industry average of 3.89.
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For IONQ, the Zacks Consensus Estimate for 2025 loss per share has narrowed over the past 60 days, as you can see below, depicting analysts' optimism. The estimated figure indicates a much narrower loss than the year-ago reported loss of $1.56 per share. The Zacks Consensus Estimate for 2025 revenues implies year-over-year growth of 97.3%.
Image Source: Zacks Investment Research
IONQ stock currently carries a Zacks Rank #2 (Buy). You can see the complete list of today's Zacks #1 Rank (Strong Buy) stocks here.
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