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IonQ, Inc. (NYSE:IONQ) is among the 8 Best Up and Coming Semiconductor Stocks to Buy.

On April 14, IonQ, Inc. (NYSE:IONQ) achieved a major technical milestone by photonically interconnecting two independent trapped-ion quantum systems, marking the first demonstration of connected commercial quantum computers. This breakthrough validates the use of photonic links to enable quantum entanglement across systems, a critical step toward scaling quantum computing beyond single processors. Importantly, this advancement moves quantum computing closer to a distributed architecture, where multiple quantum systems can work together, significantly enhancing computational power and practical usability for real-world applications.

The same day, IonQ, Inc. (NYSE:IONQ) expanded its partnership with the University of Maryland through a multi-year agreement under the National Quantum Laboratory (QLab), supporting research in quantum networking, computing, and workforce development. The collaboration includes deployment of advanced quantum hardware, expanded system access for researchers, and joint development of next-generation quantum applications, reinforcing IonQ’s leadership position within the rapidly evolving quantum ecosystem.

Founded in 2015 and headquartered in College Park, Maryland, IonQ, Inc. (NYSE:IONQ) went public in 2021. The company is rapidly evolving into a vertically integrated quantum computing firm, particularly following its acquisition of SkyWater Technology’s foundry assets. By combining semiconductor manufacturing techniques with quantum innovation, IonQ is uniquely positioned to control both hardware and software layers of its technology stack. This vertical integration, coupled with first-mover advantages in trapped-ion systems—widely considered one of the most promising quantum architectures—positions IonQ as a high-upside investment. As governments and enterprises accelerate spending on quantum technologies, IonQ stands out as a pure-play leader with strong technological differentiation and long-term growth potential tied to the commercialization of quantum computing.

While we acknowledge the potential of IONQ as an investment, we believe certain AI stocks offer greater upside potential and carry less downside risk. If you're looking for an extremely undervalued AI stock that also stands to benefit significantly from Trump-era tariffs and the onshoring trend, see our free report on the best short-term AI stock.

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