Is IONQ a good stock to buy? We came across a bullish thesis on IonQ, Inc. on Stay Invested’s Substack by Denis Gorbunov. In this article, we will summarize the bulls’ thesis on IONQ. IonQ, Inc.’s share was trading at $65.40 as of May 27th. IONQ’s trailing P/E was 163.13 according to Yahoo Finance.
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IonQ, Inc. (IONQ) is a quantum computing company developing both hardware and software based on trapped-ion technology, a system that uses barium ions suspended in electromagnetic fields as qubits. The company is pursuing a differentiated approach through electronic qubit control, replacing traditional laser-based systems with precision electronics that manipulate ions directly on-chip.
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This architecture is designed to improve scalability while maintaining one of the industry’s key advantages: exceptionally high fidelity. IonQ reports 99.99% fidelity, allowing it to achieve a physical-to-logical qubit ratio of just 13:1 to 16:1, significantly lower than many competing quantum approaches. The company’s roadmap targets 64 to 100 logical qubits in 2026 and an ambitious 80,000 logical qubits by 2030, with the long-term objective of building commercially valuable fault-tolerant quantum systems.
Despite remaining in the research and development stage, IonQ’s fundamentals are improving rapidly. Revenue increased 202% year-over-year, and the company holds $3.3 billion in cash, cash equivalents, and investments, providing substantial resources to fund innovation and strategic expansion.
Recent milestones include the sale of a 100-qubit Tempo system to the Korea Institute of Science and Technology Information, expanding its international presence, and selection for Phase B of DARPA’s Quantum Benchmarking Initiative, where it is one of only 11 companies being evaluated for a path toward large-scale quantum computing by 2033.
IonQ is also acquiring SkyWater Technology to vertically integrate chip manufacturing, accelerate development cycles, and secure critical supply chains. While dilution, execution risk, and technological challenges remain significant, the bull case centers on IonQ successfully scaling its architecture and overcoming interconnect limitations. If the company achieves its stated roadmap and delivers commercially useful quantum computers, the stock could potentially generate returns exceeding 10x from current levels.
Previously, we covered a bullish thesis on IonQ, Inc. (IONQ) by Maestroszq in October 2024, which highlighted the company’s leadership in quantum computing, growing commercialization efforts, strong patent portfolio, and near-term catalysts tied to product launches and revenue growth. IONQ’s stock price has appreciated by approximately 503.32% since our coverage. Denis Gorbunov shares a similar view but emphasizes on the company’s trapped-ion architecture, scalability roadmap, strategic acquisitions, and long-term potential to deliver commercially viable quantum computing systems.
IonQ, Inc. is not on our list of the 40 Most Popular Stocks Among Hedge Funds. As per our database, 39 hedge fund portfolios held IONQ at the end of the first quarter which was 28 in the previous quarter. While we acknowledge the risk and potential of IONQ as an investment, our conviction lies in the belief that some AI stocks hold greater promise for delivering higher returns and doing so within a shorter time frame. If you are looking for an AI stock that is more promising than IONQ and that has 10,000% upside potential, check out our report about this cheapest AI stock.
Disclosure: None.
