Sharing this for others who might be bullish on quantum computing. I work in the cloud computing industry.
For those unfamiliar, quantum computation is intended for issues that classical computers (what we're all using today) aren't well-suited to address. Data and problems with mind-boggling amounts of inputs that even supercomputers struggle with.
Quantum computing can help us to solve large problems that we can only dream of today.
Reasons for buying
- IONQ has a strong market starting position today given an integration with every major cloud provider. We won't be seeing much use in the near-term, as quantum algorithmic coding is still in its infancy, and quantum computers themselves don't have very much processing capability. First to market integrations like this can have long resulting implications. Scientists and engineers need to start from the bottom on learning, so the most accessible implementations will yield long term results.
- IONQ has some of the highest fidelity in terms of calculation accuracy available today. If you take a look at fidelity in this benchmark post, you'll see the decreases of competing solutions as they scale. Benchmark post: https://ionq.com/posts/october-18-2021-benchmarking-our-next-generation-system
Right now is a great buying opportunity for $IONQ. It is at/near a 52-week low today. I picked up about 650 shares today across a couple of my accounts.
It is a speculative, long term position that I'll be holding for many years.
Anyone else have interesting picks or insights to share?
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