Better Quantum Computing Stock: Alphabet vs. IonQ
Although artificial intelligence (AI) investing steals most of the spotlight, there's another upcoming technology that will drive another investing rush: quantum computing. Quantum computing has the potential to provide several amazing breakthroughs, and the companies that dominate this sector will see major growth and huge returns for investors.
This isn't some fly-by-night technology; major tech companies and start-ups alike are trying to bring the best product to market and establish themselves as the go-to quantum computing provider, similar to how Nvidia (NASDAQ: NVDA) did with its graphics processing units (GPUs) in the AI build-out.
Two names that often come up in this area are (NASDAQ: GOOG) (NASDAQ: GOOGL) and IonQ (NYSE: IONQ). This is a David-and-Goliath matchup, as Alphabet has significant resources, while IonQ is starting from scratch. Still, IonQ has a great product that's turning a lot of heads, but which is the better bet? Let's take a look.
Source Fool.com
Alphabet Inc. A Stock
The stock is one of the favorites of our community with 173 Buy predictions and 2 Sell predictions.
As a result the target price of 330 € shows a slightly positive potential of 11.28% compared to the current price of 296.55 € for Alphabet Inc. A.
