"IonQ's Warning: Avoid Costly Mistakes When Choosing Qubit Technology (NYSE:IONQ)"

IonQ, a quantum computing company, is downgraded to a hold rating due to doubts about the scalability of its trapped ion qubit technology to achieve quantum advantage or supremacy. The company is exploring markets where its computers may outperform existing classical computers and is considering reducing the qubits needed for specific problems. IonQ's CEO hinted at a potential shift towards a more scalable qubit technology, possibly neutral atom qubits, as the company's current technology may not scale sufficiently. The article discusses the challenges and potential of various qubit technologies, highlighting the rapidly evolving landscape of quantum computing.