Science fiction writer Arthur C. Clarke’s third law states, “Any sufficiently advanced technology is indistinguishable from magic,” which aptly describes quantum computing. This technology utilizes qubits that can exist in multiple states simultaneously and be entangled over vast distances. IonQ (NYSE: IONQ), a leader in quantum computing, has seen its stock surge over 15 times in three years but is currently down nearly 40% from its peak. Investors are left questioning whether IonQ is a worthwhile buy now.
