-
Quantum computing is still in its infancy, but if the company can crack the code, its stock will see a big boost.
-
IonQ has proven to be one of the companies farthest in reducing the errors that quantum systems produce.
-
D-Wave has proven to be a leader in quantum quantum annealing, and is now more aggressively pursuing a gate-based approach.
-
10 Stocks We Like Better Than IonQ
If you are looking for potential millionaire-making stocks, you must take some risks, as these types of stocks are often not only full of potential, but lack long-term track records.
This is especially true in the quantum computing space. Quantum computing has the potential to be a game-changing technology that goes beyond artificial intelligence (AI), but right now it’s still in its infancy, and companies have yet to fully crack the code.
One of the biggest issues with quantum computing is that the technology is error-prone, and until it reaches error-tolerance, it will remain in a more experimental phase. Instead of using bits, which can be either 0 or 1, in classical computing, quantum computers use qubits, called superpositions, because they can exist in combinations of both 0 or 1 unless measured.
A qubit is like a spinning coin before it lands, but in this state external forces, such as temperature changes or vibrations, can cause errors. At the same time, quantum systems don’t just try to keep a single qubit stable; They are also trying to stabilize many in relation to each other.
Let’s examine the stocks of two companies that aim to crack the quantum code and, if successful, could become millionaire-making stocks.
While accuracy is one of the biggest problems facing quantum computers today, IonQ (NYSE: IONQ) is one of the farthest companies in this regard. Its systems recently hit a two-gate fidelity (accuracy) of 99.99%. In the world of computing, it is still very error-prone, but this makes it one of the leaders in this space and enables other measures to be implemented to help reduce errors.
The company has taken a different approach than many competitors, choosing to use what is known as trap-ion technology. It uses real atoms, which are uniform in nature, and thus can be more stable than lab-made qubits. It has also developed a technique called Clifford Noise Reduction to help partially reduce errors, and it is working on advanced error-correcting code.
IonQ is looking to develop an entire quantum ecosystem, e.g Nvidia With its graphics processing units (GPUs), CUDA, software platform, and networking portfolio. To this end, the company has been aggressive on the acquisition front, acquiring technology and talent to better scale its systems and help build the entire quantum internet.
