1 Quantum Computing Stock That Looks Like a Screaming Buy Right Now

Quantum computing, once a distant future concept, is rapidly becoming a reality. IonQ (NYSE: IONQ) is among the leading pioneers in this space, developing quantum computing technology with the potential for practical and useful applications. Despite trading below its all-time highs, IonQ's stock appears to be a great buy now due to the current risk-off market state. If the market shifts, IonQ could experience a significant rally, making it an opportune time to invest in this company.

One of the key challenges in quantum computing is minimizing the impact of noise, which can cause qubits, the fundamental units of data calculation, to change state and produce inaccurate results. IonQ's technology excels in delivering accurate results with a 99.99% two-qubit gate fidelity measurement. This puts IonQ at the forefront of the race to bring viable quantum computing technology to market.

Currently, IonQ's 256-qubit system is undergoing rigorous testing, with the company aiming to develop a fault-tolerant 10,000-qubit quantum computer in the future. This substantial milestone is crucial for achieving a quantum advantage over today's supercomputers and ensuring the system's mainstream viability. IonQ's 256-qubit system is a significant step forward for early adopters.

IonQ's revenue grew by 287% year over year to $80.1 million in Q2. While acquisitions contributed to this growth, management projects more than 100% organic growth for the year. This organic growth is a more reliable indicator of business success, as acquisitions can artificially inflate growth rates.

Despite the current market sentiment, IonQ's stock has declined over 40% from its all-time high, which was reached at the end of 2025. However, experts believe that the market will eventually transition back to a less risk-averse state, leading to potential gains for investors who are committed to IonQ. The Motley Fool Stock Advisor analyst team has identified IonQ as one of the 10 best stocks for long-term growth, emphasizing its potential for impressive returns.