IonQ and Alphabet: Investment Opportunities in Quantum Computing
Written by Emily J. Thompson, Senior Investment Analyst
Updated: 32m ago
0mins
Source: NASDAQ.COM
- Quantum Computing Potential: Quantum computing is seen as a key technology for solving problems deemed impossible today, attracting the attention of risk investors and potentially offering substantial returns.
- IonQ's Technical Edge: IonQ focuses on quantum computing and uses trapped ion technology to construct qubits, which lowers error rates and extends computing time; despite high risks, success could yield enormous gains.
- Alphabet's Market Position: As the owner of the world's largest search engine, Google, Alphabet generates billions in revenue quarterly through advertising and cloud computing, showcasing strong profitability.
- Quantum Chip Development: Alphabet is developing the quantum chip Willow, expected to launch by the end of 2024, which can significantly reduce error rates as systems scale, further advancing the practical application of quantum computing.
Analyst Views on GOOG
Wall Street analysts forecast GOOG stock price to fall over the next 12 months. According to Wall Street analysts, the average 1-year price target for GOOG is 313.25 USD with a low forecast of 255.00 USD and a high forecast of 350.00 USD. However, analyst price targets are subjective and often lag stock prices, so investors should focus on the objective reasons behind analyst rating changes, which better reflect the company's fundamentals.
15 Analyst Rating
14 Buy
1 Hold
0 Sell
Strong Buy
Current: 333.160
Low
255.00
Averages
313.25
High
350.00
Current: 333.160
Low
255.00
Averages
313.25
High
350.00
About GOOG
Alphabet Inc. is a holding company. The Company's segments include Google Services, Google Cloud, and Other Bets. The Google Services segment includes products and services such as ads, Android, Chrome, devices, Google Maps, Google Play, Search, and YouTube. The Google Cloud segment includes infrastructure and platform services, collaboration tools, and other services for enterprise customers. Its Other Bets segment is engaged in the sale of healthcare-related services and Internet services. Its Google Cloud provides enterprise-ready cloud services, including Google Cloud Platform and Google Workspace. Google Cloud Platform provides access to solutions such as artificial intelligence (AI) offerings, including its AI infrastructure, Vertex AI platform, and Gemini for Google Cloud; cybersecurity, and data and analytics. Google Workspace includes cloud-based communication and collaboration tools for enterprises, such as Calendar, Gmail, Docs, Drive, and Meet.
About the author

Emily J. Thompson
Emily J. Thompson, a Chartered Financial Analyst (CFA) with 12 years in investment research, graduated with honors from the Wharton School. Specializing in industrial and technology stocks, she provides in-depth analysis for Intellectia’s earnings and market brief reports.





