Is IonQ Stock a Buy Now?
Quantum computing expert IonQ (NYSE: IONQ) is going through a tricky growth spurt. First-quarter revenues rose by 77% year over year, but the company is burning lots of cash. Meanwhile, investors have turned away from the previously red-hot quantum computing industry, making stock sales a less effective tool for raising more cash.
So IonQ's business is picking up speed, but the stock price is down 61% from last fall's 52-week highs. That's a mixed message, but what does it mean? Is IonQ a great tech stock to buy today, or a falling knife to avoid at all costs?
Let's figure it out.
Source Fool.com
