{"id":176737,"date":"2023-11-25T16:28:37","date_gmt":"2023-11-25T22:28:37","guid":{"rendered":"https:\/\/lifeboat.com\/blog\/2023\/11\/could-ionq-become-the-next-nvidia"},"modified":"2023-11-25T16:28:37","modified_gmt":"2023-11-25T22:28:37","slug":"could-ionq-become-the-next-nvidia","status":"publish","type":"post","link":"https:\/\/lifeboat.com\/blog\/2023\/11\/could-ionq-become-the-next-nvidia","title":{"rendered":"Could IonQ become the next Nvidia?"},"content":{"rendered":"<p><a class=\"aligncenter blog-photo\" href=\"https:\/\/lifeboat.com\/blog.images\/could-ionq-become-the-next-nvidia2.jpg\"><\/a><\/p>\n<p>Nvidia\u2019s (NASDAQ: NVDA) stock has rallied about 1,110% over the past five years, turning it into the world\u2019s first trillion-dollar chipmaker. A large portion of that rally was fueled by the explosive growth of the artificial intelligence (AI) market, which drove more companies to buy Nvidia\u2019s high-end data center chips for processing AI tasks.<\/p>\n<p>Nvidia might still have <a href=\"https:\/\/www.fool.com\/investing\/2023\/11\/07\/will-nvidia-still-be-trillion-dollar-stock-in-2024\/?utm_source=usa-today&utm_medium=feed&utm_campaign=article&referring_guid=1bb0e60f-f756-4086-9312-823e00a4de3f\" target=_blank rel=noopener data-t-l=:b|e|k|u class=gnt_ar_b_a>room to run<\/a>, but it\u2019s asking a lot for a $1.2 trillion company to generate even bigger multibagger gains. Therefore, many investors are already likely seeking out the \u201cnext Nvidia\u201d \u2014 a company that is exposed to the same secular AI tailwinds but has more upside potential. Could the quantum computing company IonQ (NYSE: IONQ) check all the right boxes?<\/p>\n<p>Unlike traditional computers, which process data with binary \u201cbits\u201d of zeros and ones, quantum computers can store zeros and ones simultaneously in \u201cqubits\u201d to process data at much faster rates. However, quantum computing systems are also much larger, more expensive, and more prone to making mistakes than traditional computers.<\/p>\n","protected":false},"excerpt":{"rendered":"<p>Nvidia\u2019s (NASDAQ: NVDA) stock has rallied about 1,110% over the past five years, turning it into the world\u2019s first trillion-dollar chipmaker. A large portion of that rally was fueled by the explosive growth of the artificial intelligence (AI) market, which drove more companies to buy Nvidia\u2019s high-end data center chips for processing AI tasks. Nvidia [\u2026]<\/p>\n","protected":false},"author":661,"featured_media":0,"comment_status":"open","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[1617,6],"tags":[],"class_list":["post-176737","post","type-post","status-publish","format-standard","hentry","category-quantum-physics","category-robotics-ai"],"_links":{"self":[{"href":"https:\/\/lifeboat.com\/blog\/wp-json\/wp\/v2\/posts\/176737","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/lifeboat.com\/blog\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/lifeboat.com\/blog\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/lifeboat.com\/blog\/wp-json\/wp\/v2\/users\/661"}],"replies":[{"embeddable":true,"href":"https:\/\/lifeboat.com\/blog\/wp-json\/wp\/v2\/comments?post=176737"}],"version-history":[{"count":0,"href":"https:\/\/lifeboat.com\/blog\/wp-json\/wp\/v2\/posts\/176737\/revisions"}],"wp:attachment":[{"href":"https:\/\/lifeboat.com\/blog\/wp-json\/wp\/v2\/media?parent=176737"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/lifeboat.com\/blog\/wp-json\/wp\/v2\/categories?post=176737"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/lifeboat.com\/blog\/wp-json\/wp\/v2\/tags?post=176737"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}