IonQ: Q-Day Deep Dive
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Noah's Arc Capital Management5.13K FollowersFollow5ShareSavePlay(11min)Comments(2)SummaryIonQ is positioned for a 'ChatGPT moment' as quantum threats accelerate demand for post-quantum cybersecurity solutions.Recent research drastically reduces the estimated timeline for quantum computers to break RSA encryption, intensifying urgency for quantum-ready networks.IONQ's valuation is compelling post-SkyWater merger, with projected combined revenues of $1B this year and a potential for $5B in five years.I maintain a Strong Buy rating on IONQ, citing its leadership in quantum key distribution, quantum randomness, and hardware-based cybersecurity. Just_Super/iStock via Getty Images Investment Thesis While I am probably one of the biggest bulls out there, shares of quantum computing firm IonQ, Inc. (IONQ) have dropped over 8% YTD on the back of a risk-off market that has punished companies that are mainlyThis article was written byNoah's Arc Capital Management5.13K FollowersFollowThis account is managed by Noah's Arc Capital Management. Our goal is provide Wall Street level insights to main street investors. Our research focus is mainly on 20th century stocks (old economy) undergoing a 21st century transformation, but occasionally we'll write on companies that help transform 20th century firms as well. We look for innovations in a business model that will cause a stock to change dramatically.Analyst’s Disclosure: I/we have a beneficial long position in the shares of IONQ, GOOGL either through stock ownership, options, or other derivatives. I wrote this article myself, and it expresses my own opinions. I am not receiving compensation for it (other than from Seeking Alpha). I have no business relationship with any company whose stock is mentioned in this article. Noah Cox (main account author) is the managing partner of Noah’s Arc Capital Management. His views in this article are not necessarily reflective of the firms. Nothing contained in this note is intended as investment advice. It is solely for informational purposes. Invest at your own risk.Seeking Alpha's Disclosure: Past performance is no guarantee of future results. No recommendation or advice is being given as to whether any investment is suitable for a particular investor. Any views or opinions expressed above may not reflect those of Seeking Alpha as a whole. Seeking Alpha is not a licensed securities dealer, broker or US investment adviser or investment bank. Our analysts are third party authors that include both professional investors and individual investors who may not be licensed or certified by any institute or regulatory body.