11 Best AI Stocks to Buy According to Hedge Funds

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5. IonQ Inc. (NYSE:IONQ)

Number of Hedge Fund Holders: 28

IonQ Inc. (NYSE:IONQ) is one of the best AI stocks to buy according to hedge funds. On June 25, IonQ made headlines with a significant breakthrough in fundamental physics by achieving the first known simulation of neutrinoless double-beta decay using its quantum computer.

This development has profound implications for understanding the universe’s matter-antimatter imbalance and suggests that quantum computers could unlock new realms in physics processes previously beyond the reach of classical systems. The simulation was performed on IonQ’s Forte Enterprise quantum system, using 32 qubits for the main problem and an additional 4 qubits for error mitigation.

This involved 2,356 two-qubit gates and allowed for the real-time observation of a “lepton-number violation.” The achievement resulted from a year-long co-design effort with researchers from the University of Washington’s InQubator for Quantum Simulation (IQuS) and the US Department of Energy’s Quantum Science Center.

IonQ Inc. (NYSE:IONQ) develops quantum computers and networks in the US.

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