Four decades ago, physicists were theorizing that the mind-bending mechanics of quantum physics could be harnessed to make a new kind of computer that’s exponentially more powerful than conventional machines.

IonQ ( IONQ 7.89%) has achieved a significant milestone: quantum hardware is now available across all major cloud platforms. This strategic positioning gives developers and enterprises direct access to quantum computing resources through Amazon Web Services, Microsoft Azure, and Alphabet 's Google Cloud.

The quantum computing industry still hasn’t settled on a hardware standard and we’re still years away from commercial use. But in 2024, all the major vendors made significant progress in improving capabilities and reducing error rates,

Alphabet's subsidiary Google is primarily known for its dominant presence among internet search tools. However, Google has a lot of special projects behind the scenes that rarely make it into the spotlight. One such area is quantum computing, in which Google has made some notable progress over the last several years.

The U.S. stock market has delivered remarkable returns over the past five years, with the S&P 500 achieving double-digit gains in four of those years. While artificial intelligence (AI) and specialized semiconductor chips have largely powered this bull market, many leading tech companies now command premium valuations that may give investors pause.

Financial writer examines IonQ's competitive advantages, growth trajectory, valuation, technicals, and Q4 revenue guidance.