Why Wedbush Thinks Norway Could Be Key for This Quantum Computing Stock -- and the Entire Industry - Yahoo Finance

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Market Potential IonQ uses trapped-ion technology, which the company believes allows for longer, more sophisticated calculations with fewer errors than competing approaches. Quantum computing is expected to transform industries from drug discovery to financial modeling to cybersecurity. Experts predict the total addressable market (TAM) could hit $65 billion by 2030. IonQ's systems are currently available on all major cloud platforms, including Amazon (AMZN) Web Services, Microsoft (MSFT) Azure, and Google (GOOG) (GOOGL) Cloud. This accessibility gives the company an edge in reaching developers across different sectors. The quantum computing company has inked partnerships with major players like AstraZeneca (AZN) for quantum-accelerated computational chemistry and contracts with government agencies, including the Air Force Research Lab.

The Bottom Line on IONQ Stock IonQ expects to deliver full-year 2025 revenue at the high end or above its previously announced range of $106 million to $110 million when it reports earnings next month. Out of the 13 analysts covering IONQ stock, eight recommend “Strong Buy,” one recommends “Moderate Buy,” and four recommend “Hold.” The average IONQ stock price target is $75.50, above the current price of $34.22. Norway's investment validates what many in the industry have long believed: quantum computing is transitioning from science experiment to commercial reality. The fact that the world's most sophisticated sovereign wealth fund is putting real money into multiple quantum companies suggests the technology's potential is becoming harder to ignore. For investors, the key question is whether IonQ's aggressive acquisition strategy will pay off or if the company is moving too fast. With Norway's vote of confidence and a clear path to more powerful quantum systems by 2028, IonQ is betting big that the quantum revolution is closer than most people think. www.barchart.com On the date of publication, Aditya Raghunath did not have (either directly or indirectly) positions in any of the securities mentioned in this article. All information and data in this article is solely for informational purposes. For more information please view the Barchart Disclosure Policy here. More News from Barchart Related Symbols Symbol Last Chg %Chg MSFT 401.32 -0.52 -0.13% Microsoft Corp GOOG 306.02 -3.35 -1.08% Alphabet Cl C GOOGL 305.72 -3.28 -1.06% Alphabet Cl A QBTS 19.67 +0.85 +4.52% D-Wave Quantum Inc SKYT 29.23 +0.82 +2.89% Skywater Technology Inc AZN 205.55 +1.03 +0.50% Astrazeneca Plc IONQ 34.11 +2.81 +8.98% Ionq Inc RGTI 16.09 +1.10 +7.34% Rigetti Computing Inc AMZN 198.79 -0.81 -0.41% Amazon.com Inc 1/1 Skip Ad Continue watchingafter the adVisit Advertiser websiteGO TO PAGE3 Highest-yielding Dividend Aristocrats That'll Pay You For Generations Don’t Miss a Minute of Daily Action Our exclusive midday newsletter highlights top stories, big movers, and breakout charts. By clicking Sign Up Now to receive this free newsletter, you will also receive free Barchart Partner emails. Opt-out any time. See Terms of Service and Privacy Policy for details. Opt-out any time. See Terms of Service and Privacy Policy for details.

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