Ionq stock forecast

However, in fiscal 2024, its revenue only grew 6% as the EV market cooled off and many companies prioritized their purchases of AI GPUs over ancillary chips and components. China also banned its exports of gallium and germanium -- both of which are necessary to produce SiC chips -- amid the escalating tech war. Quantum computing is expected to become commercially viable by 2030. Traders in the Nasdaq tech segment see sideways action until the next product deployment announcement.