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Is IonQ Stock a Buy Now?

TheMotleyFool

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Is IonQ Stock a Buy Now?: https://g.foolcdn.com/editorial/images/787285/quantum-computing_ball-of-circuits-as-the-center-of-an-atom_gettyimages-1496076713-1201x750-308636d.png

Many tech stocks got a boost over the past year thanks to the rise of artificial intelligence. But AI isn't the only technology with transformative potential for society. The nascent field of quantum computing also opens up immense possibilities.

Quantum computers use subatomic particles to perform complex calculations at speeds beyond the abilities of conventional computers. That's why quantum computing company IonQ (NYSE: IONQ) saw its stock skyrocket to a 52-week high of $21.60 last year.

Since then, shares have steadily declined, reaching a 52-week low of $6.22 on Aug. 5 during the broader stock market's recent sell-off. Does the price drop signal an opportunity to pick up shares?

Source Fool.com

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