Could Investing $10,000 in IonQ Make You a Millionaire?

Turning $10,000 into $1 million is no easy feat. It requires a relatively small company that's offering a solution for a wide-ranging problem to capture nearly all of the market share. One of the best recent examples is Nvidia (NASDAQ: NVDA), which turned a $10,000 investment a decade ago into more than $3 million. Unfortunately, investors don't have a time machine to go back and buy shares of this massive winner before the jump. Still, we can examine what made Nvidia a winning stock pick and apply those observations to another stock. One area that has similar potential to Nvidia is quantum computing. There is obvious overlap here, as Nvidia's graphics processing units (GPUs) are the most powerful classical computing units available. With the massive demand for AI computing power, Nvidia experienced monstrous growth.However, if a viable quantum computing technology is developed, these GPUs could be replaced by quantum computing units, causing a quantum computing pureplay like IonQ (NYSE: IONQ) to exhibit a similar rise over the next decade.Continue readingWeiter zum vollständigen Artikel bei MotleyFool Weiter zum vollständigen Artikel bei MotleyFool