Investing in quantum computing stocks remains a compelling proposition for investors, given that the transformative technology is poised to solve complex problems across verticals, including machine learning and cryptography. 

Today, the quantum computing segment is at a nascent stage but offers significant growth potential as the technology matures and commercial applications are deployed at scale. Market research projects the quantum computing total addressable market reaching as high as $7 billion by 2030.

For technology investors, quantum computing stocks offer unique diversification opportunities distinct from traditional software, semiconductor, or cloud computing investments. So, let’s see if you should invest in IonQ (IONQ) stock, a company known for its bold quantum computing vision. 

Is IonQ Stock a Good Buy in May 2025?

IonQ delivered solid first-quarter results with $7.6 million in revenue, beating the midpoint guidance, while announcing transformative acquisitions that position the company as a comprehensive quantum technology leader. 

The quantum computing pioneer reported momentum across computing and networking segments, reinforced by a fortress balance sheet with nearly $700 million in cash equivalents.

CEO Niccolo de Masi unveiled two critical acquisitions that accelerate IonQ’s quantum internet vision. IonQ announced plans to acquire Boston-based Lightsynq, whose quantum memory technology enables quantum repeaters extending network range beyond current 20-mile limitations to hundreds of miles. Lightsynq’s Harvard-developed technology, protected by over 25 patents, will accelerate IonQ’s photonic interconnect capabilities for scaling to millions of qubits.

Simultaneously, IonQ revealed the planned acquisition of Colorado-based Capella. This acquisition will bring space-based quantum key distribution capabilities and top-secret contracting expertise, positioning IonQ to compete with Chinese advances in quantum networking while serving critical national security applications.

The quarter featured notable commercial wins for IonQ, including EPB’s $22 million purchase of half a Forte Enterprise system’s capacity, making EPB the first customer with both quantum computing and networking capabilities. IonQ also closed its majority acquisition of ID Quantique, solidifying global quantum networking leadership.

Technical achievements included selecting the DARPA Quantum Benchmarking Initiative and demonstrating 12% simulation time improvements through partnerships with AstraZeneca (AZN) and Ansys (ANSS) at Nvidia’s (NVDA) GTC conference.

Is IonQ Stock the Next Nvidia?

IonQ stock surged nearly 40% following optimistic comments from CEO Niccolo de Masi, who compared the quantum computing leader to GPU giants Nvidia and Broadcom (AVGO). De Masi’s bullish outlook reflects growing momentum in quantum computing, with many stocks in the sector performing strongly over recent months. The CEO expressed confidence that IonQ could achieve Nvidia-like growth, stating the company is focused on “driving the ecosystem.”

This optimism comes despite earlier skepticism when Nvidia’s Jensen Huang suggested quantum computing applications were decades away, though he later revised his stance at Nvidia’s first Quantum Day event.

While Nvidia is building its own quantum research center in Boston, de Masi remains confident in IonQ’s competitive positioning. The surge reflects broader investor interest in quantum computing’s potential to revolutionize technology applications, with IonQ positioned as a pure-play leader in the emerging field.

IonQ operates four quantum networks, serving diverse customers in defense and telecommunications. The company’s integrated approach, combining quantum computing with networking, creates unique synergies, positioning IonQ to dominate the emerging quantum internet market while maintaining leadership in quantum computing applications.

Valued at a market cap of $10.2 billion, IonQ is forecast to increase its sales from $43 million in 2024 to $750 million in 2029. However, the quantum computing giant is forecast to remain unprofitable with net losses of $48.6 million in 2029, compared to a loss of $214 million in 2024. 

Out of the five analysts covering IONQ stock, three recommend “Strong Buy,” one recommends “Moderate Buy,” and one recommends “Hold.” The average IONQ stock price target is $40, below the current trading price.