"Either way, there are some big expectations as firms look to make the quantum leap. Bank of America thinks that the quantum computing market is capable of hitting $4 billion by 2030. I think that's a very realistic target for the emerging industry, especially considering the pace of advancement and how AI might be able to give quantum innovation a nice boost at some point down the line."
"Indeed, after the red-hot runs in the quantum pure-play stocks, you'll probably feel like a bubble-chasing speculator by buying here. However, if you've got disposable income to put to work and wouldn't be surprised to see half of your investment be wiped out by a quantum pullback, perhaps it still makes sense to take a leap. Though, do mind the potential downside if you miss the ledge."
The quantum computing market could surpass AI as a major Wall Street trade, with Bank of America estimating a $4 billion market by 2030. Investors face choices among pure-play companies, established blue chips with quantum initiatives, or waiting for potential IPO entrants. IonQ reached a major milestone three years ahead of schedule, signaling accelerated technological progress. Rapid recent gains have occurred, with IonQ stock rising over 72% in the past month. Significant downside risk exists, including the possibility of losing half an investment in a pullback. Recommended approaches include allocating disposable income to speculative positions while acknowledging high volatility.
Read at 24/7 Wall St.
Unable to calculate read time
Collection
[
|
...
]