IonQ, Inc.

The second quarter of 2025 revealed a common pattern across the four U.S.-listed pure-play quantum companies, IonQ IONQ, D-Wave Quantum QBTS, Rigetti Computing RGTI and Quantum Computing Inc. QUBT. Each stock reported continued net losses as they scaled R&D and commercialization efforts, but simultaneously strengthened their balance sheets through significant fundraising to sustain ambitious technology roadmaps.
IonQ highlighted progress in advancing its Forte-class quantum computers,including the latest deals in Japan and South Korea, while reiterating its sizable cash runway. D-Wave posted a steep quarterly loss inflated by non-cash warrant charges but completed a successful $400 million At-the-Market (ATM) equity offering. Rigetti launched its Cepheus-1-36Q quantum computer with error-rate reductions and also made a $350 million equity raise that lifted its cash reserve. Last but not least, QUBT recorded only modest revenues but secured new academic, commercial, and government contracts while fortifying its position with a $188 million financing that boosted cash to $349 million.
Collectively, these companies remain far from profitability right now. However, these are leveraging investor capital and government partnerships to turn today’s financial losses into future quantum breakthroughs. For investors, this is the right time to dig deeper to assess whether backing these loss-making stocks now could, despite the risks, translate into meaningful long-term gains. Let's find out.
Year-to-Date Stock Comparison
Image Source: Zacks Investment Research
IonQ
In the second quarter, the company posted a net loss of $177.5 million, but simultaneously secured the largest-ever single institutional equity raise in the quantum industry, lifting its pro forma cash position to $1.6 billion. Management emphasized that this capital will underpin the expansion of its quantum computing and networking roadmap, including the acquisitions of Lightsynq and Capella and the proposed $1.075 billion purchase of Oxford Ionics, aimed at scaling to 800 logical qubits by 2027. IonQ’s commercial highlights included a $22 million EPB deal to build America’s first commercial quantum hub and new partnerships across Japan, South Korea, Sweden, and Australia.
Technically, this Zacks Rank #3 (Hold) stock showcased 20x speed-up in quantum-accelerated drug development with AstraZeneca, AWS and NVIDIA NVDA and advanced work with Oak Ridge National Laboratory on power grid optimization.
Image Source: IONQ Press Release
D-Wave
D-Wave also reported steep second-quarter losses, with a net loss of $167 million, heavily influenced by non-cash warrant revaluation charges. Yet its financial story was dominated by a successful fundraising round that added more than $500 million in equity, including $400 million gross proceeds from the fourth At-the-Market (ATM) equity program, boosting its cash balance to $819 million. These funds are intended to be used for acquisitions, accelerating R&D toward its 100,000-qubit roadmap and enhancing cryogenic packaging and error suppression.
Alongside the financing, D-Wave highlighted continued traction in annealing-based quantum solutions and recurring government contracts, highlighting its positioning as the only provider with a “production-ready” quantum system today. QBTS carries a Zacks Rank #3 now. You can see the complete list of today’s Zacks #1 Rank (Strong Buy) stocks here.
Image Source: Zacks Investment Research
Rigetti
Rigetti’s second-quarter performance also revealed the contrast between technological progress and deepening losses. The company introduced Cepheus-1-36Q, the industry’s largest multi-chip quantum computer, achieving record improvements in error rates. Yet, revenues fell to just $1.8 million, weighed down by the expiration of U.S. National Quantum Initiative funding and weaker gross margins. The company incurred $39.7 million in net loss, including significant non-cash charges from warrant and earn-out liabilities. Despite these setbacks, Rigetti bolstered its balance sheet with a $350 million equity raise, closing the quarter with $571.6 million in cash and no debt.
RGTI management emphasized that this liquidity provides critical runway for continued R&D, strategic partnerships and scaling toward its 100+ qubit roadmap, even as profitability remains distant. The stock also carries a Zacks Rank #3.
Image Source: Zacks Investment Research
Quantum Computing
QUBT’s second-quarter results highlighted the company’s early-stage nature, with revenues of just $61,000 against a steep net loss of $36.5 million, largely due to a non-cash warrant liability adjustment. Despite this widening loss profile, QUBT bolstered its balance sheet through a $200 million financing round, lifting its cash reserves to $349 million by quarter-end. This underscores the company’s reliance on external capital to sustain operations and fund growth initiatives.
Quantum Computing management is channeling these resources into advancing its quantum-photonic machines, scaling its newly operational Arizona chip foundry and expanding commercial adoption across research, enterprise and government sectors. The company, with a Zacks Rank #3, is projected to report a loss of 17 cents per share in 2025, 77% narrower than the year-ago period’s net loss per share.
Image Source: Zacks Investment Research
Our Take
Despite ongoing losses, IonQ, D-Wave, Rigetti and QUBT are steadily raising capital, forging partnerships, and advancing quantum roadmaps, moving the sector from hype to real infrastructure. Fresh funding fuels acquisitions and supports global expansion. For long-term investors, today’s volatility may be the entry point to tomorrow’s industry leaders, as quantum evolves from experimental science into a core pillar of the digital economy.
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The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.

Short-Term Pain, Long-Term Gain? 4 Quantum Stocks to Watch

Below is Validea's guru fundamental report for IONQ INC (IONQ). Of the 22 guru strategies we follow, IONQ rates highest using our Quantitative Momentum Investor model based on the published strategy of Wesley Gray. This momentum model looks for stocks with strong and consistent intermediate-term relative performance.
IONQ INC (IONQ) is a mid-cap growth stock in the Computer Services industry. The rating using this strategy is 83% based on the firm’s underlying fundamentals and the stock’s valuation. A score of 80% or above typically indicates that the strategy has some interest in the stock and a score above 90% typically indicates strong interest.
The following table summarizes whether the stock meets each of this strategy's tests. Not all criteria in the below table receive equal weighting or are independent, but the table provides a brief overview of the strong and weak points of the security in the context of the strategy's criteria.
Detailed Analysis of IONQ INC
More Information on Wesley Gray
About Wesley Gray: Wesley Gray is the founder of Alpha Architect and the author (along with co-author Jack Vogel) of "Quantitative Momentum A Practitioner's Guide to Building a Momentum-Based Stock Selection System". He is also the author (along with co-author Tobias Carlisle) of "Quantitative Value: A Practitioner's Guide to Automating Intelligent Investment and Eliminating Behavioral Errors". He is an industry recognized expert in the application of quantitative investing strategies. Wes is also a former Marine and has his Phd from the Univerisity of Chicago, where he studied under Nobel Prize winner Eugene Fama.
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The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.

Validea Detailed Fundamental Analysis - IONQ

The S&P 500 experienced its longest losing streak of 2025, dropping for five consecutive trading days as of Thursday. It is also the first time this year that the index has endured such a drop, according to Dow Jones Market Data.
The S&P 500 declined 1.5% over the past five sessions, pressured by selling in big tech names as investors rotated away from the tech sector on AI bubble fears and overvaluation concerns. This downturn was exacerbated by disappointing Target TGT and Walmart WMT earnings, renewed tariff impacts and fading hopes of a Fed rate cut in September (read: Value Outshines Growth: 5 ETF Winners Over the Past Week).
Ahead of Powell's speech, CME Group's FedWatch Tool is currently indicating a 73.6% chance that the Fed will lower rates by a quarter point next month, down from 92.1% a week ago.
The market sell-off has fueled a rally in inverse single-stock ETFs. Inverse single-stock ETFs are designed to deliver the opposite daily return of a specific company’s stock by using derivatives. For example, if the underlying stock drops 1% in a day, the inverse ETF targeting that stock would ideally increase about 1%.
Some ETFs offer leveraged exposure, such as -2x or -3x, which attempt to deliver two or three times the inverse of the stock’s daily move. This allows investors to gain inverse exposure to a particular stock without having to sell the stock directly.
We have highlighted five inverse single-stock ETFs that have gained in double digits over the past week (see: all the Single Stock ETFs here).
Defiance Daily Target 2X Short PLTR ETF (PLTZ) – Up 30.6%
Defiance Daily Target 2X Short PLTR ETF offers two times the opposite of the daily percentage change in the share price of Palantir Technologies PLTR. The stock has fallen 17% since its peak on Aug. 12 and shed about $73 billion in market cap over just six sessions, marking its worst streak this year.
Defiance Daily Target 2X Short MSTR ETF (SMST) – Up 25.1%
Defiance Daily Target 2X Short MSTR ETF seeks daily inverse leveraged investment results of 200% the daily percentage change in the share price of Strategy MSTR. MSTR shares slumped 10.5% over the past week to the lowest level since April 21.
Defiance Daily Target 2X Short IONQ ETF (IONZ) – Up 19.4%
Defiance Daily Target 2X Short IONQ ETF seeks inverse daily investment results of two times the daily percentage change in the share price of IonQ Inc. IONQ. The stock is down 10.4% over the past week.
GraniteShares 2x Short COIN Daily ETF (CONI) – Up 16%
GraniteShares 2x Short COIN Daily ETF offers two times the inverse daily performance of the Coinbase Global COIN. Coinbase is down 7.6% over the last five trading days.
Defiance Daily Target 2X Short SMCI ETF (SMCZ) – Up 15.7%
Defiance Daily Target 2X Short SMCI ETF seeks daily inverse investment results of two times the performance of Super Micro Computer SMCI. Shares of SMCI slumped 7% in the same time frame.
Risks of Investing in Inverse Single-Stock ETFs
While inverse single-stock ETFs surge amid the sell-off, they come with significant risks due to their lack of diversification and exposure to the volatility of a single stock. They are typically more suited for experienced investors who understand and are willing to accept these risks. Here are some of the downsides of these ETFs:
Daily Reset and Compounding Risks: The performance of inverse ETFs could vary significantly from the actual performance of their underlying stock over a longer period when compared to a shorter period (such as weeks or months). These funds run the risk of huge losses in fluctuating or seesawing markets.
Risk of Significant Losses: As the ETF is tied to a single stock, a surprise rally in the company’s shares can quickly erode gains and generate steep losses for inverse ETF holders.
High Costs: Liquidity can be a big problem, as it can make the products more expensive than they appear. Expense ratios for inverse single-stock ETFs are often significantly higher than those of traditional ETFs. Over time, these fees can eat into returns, particularly if the ETF is held longer than intended (read: AI Fatigue Hits Tech Biggies: Inverse ETFs in Focus).
Not Suitable for All Investors: These ETFs work best for short-term hedging or speculation and are suitable only for short-term traders, as these are rebalanced on a daily basis.
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The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.

Big Tech Woes Power Surge in Inverse Single-Stock ETFs

On August 13, 2025, Director Inder M. Singh sold 50,480 net shares of IonQ (NYSE:IONQ) in a derivative-related transaction where he exercised the same number of options and proceeded to then sell the shares in an open-market transaction.
Transaction summary
Shares traded
50,480
Transaction value
$2.2 million
Post-transaction shares
5,513
Post-transaction value
$227,191 (as of Aug. 13, 2025)
1-year performance
463.7%
Transaction value is based on the SEC Form 4 reported price ($43.02); post-transaction value reflects the reported position value after the transaction ($227,190.73). No GAAP or non-GAAP designation is specified for these values.
Key questions
How significant was this sale relative to prior holdings?
After this transaction, Singh retained just 5,513 shares, representing a 90.15% reduction from the pre-transaction level of 55,993 shares as of August 13, 2025.
What does this activity indicate about capacity and remaining insider exposure?
Given the cumulative effect of recent transactions -- selling net 87,570 shares since June 18, 2025 -- the remaining holding now represents 0.002% of shares outstanding as of August 13, 2025, according to SEC Form 4 data. The current low share count constrains the scale of any future transactions.
How does the timing align with recent market performance?
The transaction followed a twelve-month period during which IonQ shares rose nearly 464% in one year. The reported sales were executed at $43.02 per share on August 13, 2025, while the stock closed at $41.21 that day and at $40.23 as of August 18, 2025.
Company overview
Market capitalization
$12.2 billion
Revenue (TTM)
$52.37 million
Net income (TTM)
($463.58 million)
1-year price change
463.7%
* 1-year price change calculated using August 13, 2025, as the reference date.
Company snapshot
IonQ develops and commercializes general-purpose quantum computing systems, providing access to quantum computers with 20 qubits via major cloud platforms including AWS, Azure, and Google Cloud, as well as through its proprietary cloud service.
Generates revenue by providing access to quantum computers through both pay-per-use and subscription models, leveraging partnerships with leading cloud providers.
Serves enterprise clients, academic institutions, and research organizations seeking to leverage quantum computing for advanced problem-solving and innovation.
IonQ operates at the forefront of quantum computing, delivering scalable quantum hardware and cloud access to a diverse set of customers. The company leverages strategic partnerships with leading cloud providers to broaden its reach and accelerate the adoption of quantum solutions. IonQ's focus on advancing quantum technology positions it as a key player in the emerging quantum computing industry.
Foolish take
Most insider sales involve the conversion of stock options into ordinary shares, which are then sold like any other stock. These transactions are usually pre-planned, with the trading schedule reported beforehand in the company's proxy filings.
This trade report is no different. Inder Singh has been an IonQ director since 2021, accepting the role of lead independent director earlier this year. With executive-level experience from cable giant Comcast and microchip architecture specialist Arm Holdings, Singh adds valuable business and technology expertise to the boardroom.
80% of Singh's annual compensation consists of restricted stock awards. He can access this income source by selling shares on the open market. So investors shouldn't see this stock sale as an IonQ director backing out of his stock holdings due to concerns out the business, or stock valuation, or anything else. Singh is simply converting some of his stock awards into cash, as many business insiders do on a regular basis.
At the same time, Singh is getting an extraordinary cash value out of these shares, since IonQ's stock soared to lofty heights at the end of 2024. The stock still commands a price-to-sales ratio of 162, even though quantum computing systems are many years away from doing useful work and fueling IonQ's business operations.
Glossary
Insider transaction: A trade of company stock by an executive, director, or other person with access to material nonpublic information.
Net sold: The total number of shares sold minus any shares bought during a specific transaction or period.
Derivative-related transaction: A trade involving financial instruments like options, whose value depends on the price of an underlying asset.
Option exercise: The act of using the right to buy or sell shares at a set price under an options contract.
Open-market sale: Selling shares through public stock exchanges rather than in private or pre-arranged transactions.
SEC Form 4: A regulatory filing disclosing insider trades of company securities by officers, directors, or significant shareholders.
Option-based compensation: Employee or executive pay that includes the right to purchase company stock at a predetermined price.
Equity exposure: The degree to which an investor or insider is affected by changes in the value of company stock.
Shares outstanding: The total number of a company's shares that are currently held by all shareholders.
Qubit: The basic unit of quantum information, used in quantum computing, analogous to a bit in classical computing.
Cloud platform: An online service providing access to computing resources, software, or hardware over the internet.
TTM: The 12-month period ending with the most recent quarterly report.
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The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.

Director Sells 50K IonQ Shares Worth $2.2 Million

Investors considering a purchase of Ionq Inc (Symbol: IONQ) stock, but tentative about paying the going market price of $35.75/share, might benefit from considering selling puts among the alternative strategies at their disposal. One interesting put contract in particular, is the January 2027 put at the $20 strike, which has a bid at the time of this writing of $3.35. Collecting that bid as the premium represents a 16.8% return against the $20 commitment, or a 11.9% annualized rate of return (at Stock Options Channel we call this the YieldBoost).
Selling a put does not give an investor access to IONQ's upside potential the way owning shares would, because the put seller only ends up owning shares in the scenario where the contract is exercised. And the person on the other side of the contract would only benefit from exercising at the $20 strike if doing so produced a better outcome than selling at the going market price. (Do options carry counterparty risk? This and six other common options myths debunked). So unless Ionq Inc sees its shares fall 43.3% and the contract is exercised (resulting in a cost basis of $16.65 per share before broker commissions, subtracting the $3.35 from $20), the only upside to the put seller is from collecting that premium for the 11.9% annualized rate of return.
Below is a chart showing the trailing twelve month trading history for Ionq Inc, and highlighting in green where the $20 strike is located relative to that history:
The chart above, and the stock's historical volatility, can be a helpful guide in combination with fundamental analysis to judge whether selling the January 2027 put at the $20 strike for the 11.9% annualized rate of return represents good reward for the risks. We calculate the trailing twelve month volatility for Ionq Inc (considering the last 250 trading day closing values as well as today's price of $35.75) to be 125%. For other put options contract ideas at the various different available expirations, visit the IONQ Stock Options page of StockOptionsChannel.com.
In mid-afternoon trading on Wednesday, the put volume among S&P 500 components was 1.52M contracts, with call volume at 1.52M, for a put:call ratio of 0.72 so far for the day, which is above normal compared to the long-term median put:call ratio of .65. In other words, if we look at the number of call buyers and then use the long-term median to project the number of put buyers we'd expect to see, we're actually seeing more put buyers than expected out there in options trading so far today. Find out which 15 call and put options traders are talking about today.
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The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.

Commit To Buy Ionq At $20, Earn 16.8% Using Options

For Immediate Release
Chicago, IL – August 20, 2025 – Zacks.com announces the list of stocks featured in the Analyst Blog. Every day the Zacks Equity Research analysts discuss the latest news and events impacting stocks and the financial markets. Stocks recently featured in the blog include: IonQ, Inc. IONQ, Microsoft Corp. MSFT, Amazon.com, Inc. AMZN, Alphabet Inc. GOOGL and NVIDIA Corp. NVDA.
Here are highlights from Tuesday’s Analyst Blog:
Can IONQ Become the NVIDIA of Quantum Computing, and Is It a Buy?
IonQ, Inc.’s shares surged 457.9% over the past year, driven by its significant advancements in quantum computing. IonQ has offered its customers quantum systems via platforms like Microsoft Corp.’s Azure, Amazon.com, Inc.’s Amazon Web Services, and Alphabet Inc.’s Google Cloud.
IonQ now aims to position itself as the NVIDIA Corp. of quantum computing. Will it be able to achieve this goal, and is this an opportune moment to invest in its shares? Let’s find out –
Reasons to Be Bullish on IONQ
IonQ has prepared the groundwork for its quantum computers to seamlessly integrate into real-world applications. IonQ is preparing compatible trapped-ion quantum computers for major cloud platforms. IonQ has already acquired several companies, including Qubitekk, ID Quantique, and Lightsynq Technologies, to enhance its presence in the quantum field and has secured contracts from the U.S. Air Force Research Lab, which is expected to drive significant growth for the company in the next two years.
IonQ’s revenues have increased significantly since its initial public offering in 2021. Management projects revenues between $82 million and $100 million this year, significantly higher than $43.1 million in 2024.
The company is on a positive trajectory, having reported second-quarter revenues of $20.7 million compared to $11.4 million last year, and anticipates third-quarter revenues of $25 million, nearly double the previous year’s figures. This revenue growth indicates that the company’s acquisition strategy is effective and its business model is solid.
Can IONQ Become the NVIDIA in Quantum Computing?
IonQ aspires to become the NVIDIA of quantum computing by relying on consistent revenue growth and successful acquisitions, with more anticipated in the future. However, despite revenue growth, IonQ hasn’t generated any profit. In the second quarter, IonQ had an operating expense of $181.3 million, which resulted in an operating loss of $160.6 million, way more than $48.9 million loss a year ago.
The operating loss exceeded revenue growth, which can compel IonQ to face financial challenges and jeopardize its aim to become the NVIDIA of quantum computing. NVIDIA, in reality, is in a better position to compete against pure-play quantum computing stocks like IonQ. This is because NVIDIA aims to integrate its graphics processing units (GPUs) and quantum processing units (QPUs) in a hybrid quantum system to efficiently manage calculation errors. Utilizing its GPU framework serves as an effective bridge from current classical computers to quantum technology.
Additionally, in contrast to IonQ, NVIDIA has reported an operating income of $21.6 billion in the fiscal first quarter, up 28% year over year. Its revenues also jumped 69% year over year to $44.1 billion. Being a profitable enterprise will enable NVIDIA to effectively tackle the challenges of quantum computing and expand its operations. Therefore, it is premature to determine that IonQ could become the NVIDIA of quantum computing.
Here’s How to Trade IONQ Stock Now
The series of acquisitions indicates that IonQ has bold plans to grow in the quantum computing industry, which is projected to reach a value of $100 billion by 2035, according to McKinsey. This should encourage stakeholders to remain invested in IonQ stock.
However, new investors should proceed with caution. Quantum computing is still in its early stages, and IonQ is not yet profitable. Several leading CEOs have stated that the widespread use of quantum computing technology is still years away and that it remains prone to errors. Therefore, IonQ is a risky investment suitable only for high-risk-tolerance investors.
Let’s not forget that IonQ is an overpriced stock and could see its price fall when the market corrects itself. IonQ’s forward price-to-sales (P/S) ratio stands at 126.59 compared to 4.14 for the Computer-Integrated System industry.
For now, IonQ has a Zacks Rank #3 (Hold). You can see the complete list of today’s Zacks Rank #1 (Strong Buy) stocks here.
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Past performance is no guarantee of future results. Inherent in any investment is the potential for loss. This material is being provided for informational purposes only and nothing herein constitutes investment, legal, accounting or tax advice, or a recommendation to buy, sell or hold a security. No recommendation or advice is being given as to whether any investment is suitable for a particular investor. It should not be assumed that any investments in securities, companies, sectors or markets identified and described were or will be profitable. All information is current as of the date of herein and is subject to change without notice. Any views or opinions expressed may not reflect those of the firm as a whole. Zacks Investment Research does not engage in investment banking, market making or asset management activities of any securities. These returns are from hypothetical portfolios consisting of stocks with Zacks Rank = 1 that were rebalanced monthly with zero transaction costs. These are not the returns of actual portfolios of stocks. The S&P 500 is an unmanaged index. Visit https://www.zacks.com/performance for information about the performance numbers displayed in this press release.
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The Zacks Analyst Blog Highlights IonQ, Microsoft, Amazon.com, Alphabet and NVIDIA

Among the underlying components of the Russell 3000 index, we saw noteworthy options trading volume today in Ionq Inc (Symbol: IONQ), where a total of 132,616 contracts have traded so far, representing approximately 13.3 million underlying shares. That amounts to about 68.9% of IONQ's average daily trading volume over the past month of 19.3 million shares. Especially high volume was seen for the $40 strike call option expiring August 22, 2025, with 39,036 contracts trading so far today, representing approximately 3.9 million underlying shares of IONQ. Below is a chart showing IONQ's trailing twelve month trading history, with the $40 strike highlighted in orange:
Toll Brothers Inc. (Symbol: TOL) saw options trading volume of 9,271 contracts, representing approximately 927,100 underlying shares or approximately 63.8% of TOL's average daily trading volume over the past month, of 1.5 million shares. Particularly high volume was seen for the $130 strike put option expiring September 19, 2025, with 1,416 contracts trading so far today, representing approximately 141,600 underlying shares of TOL. Below is a chart showing TOL's trailing twelve month trading history, with the $130 strike highlighted in orange:
And Marvell Technology Inc (Symbol: MRVL) saw options trading volume of 95,237 contracts, representing approximately 9.5 million underlying shares or approximately 61.8% of MRVL's average daily trading volume over the past month, of 15.4 million shares. Especially high volume was seen for the $55 strike put option expiring September 19, 2025, with 15,867 contracts trading so far today, representing approximately 1.6 million underlying shares of MRVL. Below is a chart showing MRVL's trailing twelve month trading history, with the $55 strike highlighted in orange:
For the various different available expirations for IONQ options, TOL options, or MRVL options, visit StockOptionsChannel.com.
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The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.

Noteworthy Tuesday Option Activity: IONQ, TOL, MRVL

IonQ, Inc.’s IONQ shares surged 457.9% over the past year, driven by its significant advancements in quantum computing. IonQ has offered its customers quantum systems via platforms like Microsoft Corporation’s MSFT Azure, Amazon.com, Inc.’s AMZN Amazon Web Services, and Alphabet Inc.’s GOOGL Google Cloud.
IonQ now aims to position itself as the NVIDIA Corporation NVDA of quantum computing. Will it be able to achieve this goal, and is this an opportune moment to invest in its shares? Let’s find out –
Reasons to Be Bullish on IONQ
IonQ has prepared the groundwork for its quantum computers to seamlessly integrate into real-world applications. IonQ is preparing compatible trapped-ion quantum computers for major cloud platforms. IonQ has already acquired several companies, including Qubitekk, ID Quantique, and Lightsynq Technologies, to enhance its presence in the quantum field and has secured contracts from the U.S. Air Force Research Lab, which is expected to drive significant growth for the company in the next two years.
IonQ’s revenues have increased significantly since its initial public offering in 2021. Management projects revenues between $82 million and $100 million this year, significantly higher than $43.1 million in 2024.
The company is on a positive trajectory, having reported second-quarter revenues of $20.7 million compared to $11.4 million last year, and anticipates third-quarter revenues of $25 million, nearly double the previous year’s figures. This revenue growth indicates that the company’s acquisition strategy is effective and its business model is solid.
Can IONQ Become the NVIDIA in Quantum Computing?
IonQ aspires to become the NVIDIA of quantum computing by relying on consistent revenue growth and successful acquisitions, with more anticipated in the future. However, despite revenue growth, IonQ hasn’t generated any profit. In the second quarter, IonQ had an operating expense of $181.3 million, which resulted in an operating loss of $160.6 million, way more than $48.9 million loss a year ago.
The operating loss exceeded revenue growth, which can compel IonQ to face financial challenges and jeopardize its aim to become the NVIDIA of quantum computing. NVIDIA, in reality, is in a better position to compete against pure-play quantum computing stocks like IonQ. This is because NVIDIA aims to integrate its graphics processing units (GPUs) and quantum processing units (QPUs) in a hybrid quantum system to efficiently manage calculation errors. Utilizing its GPU framework serves as an effective bridge from current classical computers to quantum technology.
Additionally, in contrast to IonQ, NVIDIA has reported an operating income of $21.6 billion in the fiscal first quarter, up 28% year over year. Its revenues also jumped 69% year over year to $44.1 billion. Being a profitable enterprise will enable NVIDIA to effectively tackle the challenges of quantum computing and expand its operations. Therefore, it is premature to determine that IonQ could become the NVIDIA of quantum computing.
Here’s How to Trade IONQ Stock Now
The series of acquisitions indicates that IonQ has bold plans to grow in the quantum computing industry, which is projected to reach a value of $100 billion by 2035, according to McKinsey. This should encourage stakeholders to remain invested in IonQ stock.
However, new investors should proceed with caution. Quantum computing is still in its early stages, and IonQ is not yet profitable. Several leading CEOs have stated that the widespread use of quantum computing technology is still years away and that it remains prone to errors. Therefore, IonQ is a risky investment suitable only for high-risk-tolerance investors.
Let’s not forget that IonQ is an overpriced stock and could see its price fall when the market corrects itself. IonQ’s forward price-to-sales (P/S) ratio stands at 126.59 compared to 4.14 for the Computer-Integrated System industry.
Image Source: Zacks Investment Research
For now, IonQ has a Zacks Rank #3 (Hold). You can see the complete list of today’s Zacks Rank #1 (Strong Buy) stocks here.
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The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.

Can IONQ Become the NVIDIA of Quantum Computing, and Is It a Buy?

Looking today at week-over-week shares outstanding changes among the universe of ETFs covered at ETF Channel, one standout is the iShares Russell 2000 ETF (Symbol: IWM) where we have detected an approximate $1.2 billion dollar inflow -- that's a 2.0% increase week over week in outstanding units (from 274,900,000 to 280,350,000). Among the largest underlying components of IWM, in trading today Credo Technology Group Holding Ltd (Symbol: CRDO) is down about 5.5%, Fabrinet (Symbol: FN) is off about 11.7%, and Ionq Inc (Symbol: IONQ) is lower by about 3.1%. For a complete list of holdings, visit the IWM Holdings page » The chart below shows the one year price performance of IWM, versus its 200 day moving average:
Looking at the chart above, IWM's low point in its 52 week range is $171.73 per share, with $244.98 as the 52 week high point — that compares with a last trade of $228.60. Comparing the most recent share price to the 200 day moving average can also be a useful technical analysis technique -- learn more about the 200 day moving average ».
Exchange traded funds (ETFs) trade just like stocks, but instead of ''shares'' investors are actually buying and selling ''units''. These ''units'' can be traded back and forth just like stocks, but can also be created or destroyed to accommodate investor demand. Each week we monitor the week-over-week change in shares outstanding data, to keep a lookout for those ETFs experiencing notable inflows (many new units created) or outflows (many old units destroyed). Creation of new units will mean the underlying holdings of the ETF need to be purchased, while destruction of units involves selling underlying holdings, so large flows can also impact the individual components held within ETFs.
OFS YTD Return
Top Ten Hedge Funds Holding GRNY
Funds Holding EMBU
The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.

IWM, CRDO, FN, IONQ: ETF Inflow Alert

Below is Validea's guru fundamental report for IONQ INC (IONQ). Of the 22 guru strategies we follow, IONQ rates highest using our Quantitative Momentum Investor model based on the published strategy of Wesley Gray. This momentum model looks for stocks with strong and consistent intermediate-term relative performance.
IONQ INC (IONQ) is a mid-cap growth stock in the Computer Services industry. The rating using this strategy is 83% based on the firm’s underlying fundamentals and the stock’s valuation. A score of 80% or above typically indicates that the strategy has some interest in the stock and a score above 90% typically indicates strong interest.
The following table summarizes whether the stock meets each of this strategy's tests. Not all criteria in the below table receive equal weighting or are independent, but the table provides a brief overview of the strong and weak points of the security in the context of the strategy's criteria.
Detailed Analysis of IONQ INC
More Information on Wesley Gray
About Wesley Gray: Wesley Gray is the founder of Alpha Architect and the author (along with co-author Jack Vogel) of "Quantitative Momentum A Practitioner's Guide to Building a Momentum-Based Stock Selection System". He is also the author (along with co-author Tobias Carlisle) of "Quantitative Value: A Practitioner's Guide to Automating Intelligent Investment and Eliminating Behavioral Errors". He is an industry recognized expert in the application of quantitative investing strategies. Wes is also a former Marine and has his Phd from the Univerisity of Chicago, where he studied under Nobel Prize winner Eugene Fama.
Additional Research Links
About Validea: Validea is aninvestment researchservice that follows the published strategies of investment legends. Validea offers both stock analysis and model portfolios based on gurus who have outperformed the market over the long-term, including Warren Buffett, Benjamin Graham, Peter Lynch and Martin Zweig. For more information about Validea, click here
The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.

Indicator	TTM Median
P/E	0.00 28.98
Price/Sales	137.72 2.58
P/B	12.29 2.76
P/FCF	0.00 24.31

Indicator	TTM Median
ROE	-36.91 15.33
ROA	-32.56 6.66
Net Worth	5.31 0.98
Quick Ratio	0.00 1.53
Current Ratio	12.23 1.84

Indicator	TTM Median
Net Profit Margin	-464.86 9.71
Operating Margin	-564.86 11.07
Gross Margin	51.35 50.00
Return on tangible equity	-38.35 27.59

Indicator	TTM Median
EPS	0.24 0.24
EPS Forecast	0.23 0.19
Revenue	12.00M 73.00M
Gross Profit	6.00M —
EBITDA	-51.00M —

IonQ, Inc.

Fundamental IONQ

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