J.P. Morgan Cautiously Optimistic on IonQ’s Quantum Computing Roadmap
J.P. Morgan analyst Peter Peng maintains a cautious stance on IonQ despite its ambitious quantum computing roadmap. The company aims to achieve 256 qubits by 2026, scaling to 2 million physical qubits by 2030—a trajectory that could unlock multi-trillion-dollar economic value. IonQ's recent acquisition of Oxford Ionics, which specializes in electronic qubit-control technology, bolsters its scalability and manufacturing efficiency.
Quantum computing remains in its infancy due to current computational limitations, but IonQ's clear scaling strategy positions it as a potential leader in the field. The shift from laser-based qubit manipulation to electronic control signals addresses critical challenges in fidelity and scalability.