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IonQ, Inc. (NYSE:IONQ) is one of the Best Quantum Computing Stocks to Buy and Hold for 10 Years. On April 27, IonQ, Inc. (NYSE:IONQ) announced signing a Master Service Agreement with Florida LambdaRail, which is Florida’s statewide fiber optic network for research and education.
The agreement is aimed at building a quantum-safe network across Florida, which can be used to protect against future cyber threats from quantum computers. The first phase of this deal includes an approximately 100-mile quantum corridor from Palm Beach County to Miami-Dade, linking three research/education institutions over Florida LambdaRail’s existing fiber. The corridor will feature IonQ’s quantum key distribution technology, which uses quantum physics to securely share encryption keys. Moreover, this allows users to stay alert as any eavesdropping attempt disrupts the quantum state.
That said, Wall Street has a bullish sentiment on IonQ, Inc. (NYSE:IONQ) as 13 out of 16 analysts covering the stock have a Buy rating. Moreover, the analyst’s 12-month price target suggests more than 32% upside from the current level.
IonQ Inc. (NYSE:IONQ) develops quantum computers and networks in the US.
While we acknowledge the potential of IONQ as an investment, we believe certain AI stocks offer greater upside potential and carry less downside risk. If you're looking for an extremely undervalued AI stock that also stands to benefit significantly from Trump-era tariffs and the onshoring trend, see our free report on the best short-term AI stock.
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