IonQ is a quantum computing hardware and software company. D-Wave develops quantum computing systems and offers software, cloud services, and professional solutions for several in

Shares of IONQ are in a bull market trend with a price target of $75. Rigetti Computing ( RGTI) is another trailblazer in the field of quantum computing, dedicated to building quantum processors and software that solve complex problems beyond the capabilities of traditional computers.

Breakthroughs in quantum computing have shares of Alphabet and IonQ soaring as of late. One pocket of the artificial intelligence (AI) realm that is fetching a fair amount of attention right now is quantum computing. While there are many companies exploring quantum computing, only a finite number have made any measurable progress.

IonQ also achieved high gate fidelities by surpassing 99.9% two-qubit gate fidelity on its barium platform, which leads to lower error rates. High gate fidelities will increase the reliability of quantum algorithms while lowering costs, eventually resulting in improved appeal for quantum computing technology for commercial use.

Two weeks ago, IonQ shares experienced a healthy correction as shares dropped more than 20% in just one week’s trading. That pullback found support at the stock’s 20-day moving average, referred to as the “Trader’s Trendline”.

Quantum computing stocks have surged in 2024 as breakthroughs hint at a technological tipping point. Two pure-play quantum stocks offer contrasting paths to potentially massive returns. The next computing revolution may be closer than investors think.