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

Turning a $10,000 initial investment into $1 million is an incredibly difficult task. A stock must rise a hundredfold to achieve that, which requires extraordinary circumstances that few companies ever achieve on the public markets. However, if you look at which companies have achieved this performance level, they tend to be involved in an industry that has dramatically evolved from a niche use case to a widespread one.One recent example is Nvidia, the GPU maker. GPUs, or graphics processing units, were mostly used for gaming PCs or other intense computing tasks like engineering simulations or drug discovery. While this was a sizable market, it was nothing compared to the unprecedented use of GPUs for training and running artificial intelligence (AI) models. This caused a $10,000 investment in Nvidia's stock to reach over $2.6 million in a decade, making it one of the most successful investments of all time. Another area where investors see tremendous potential is quantum computing, which could provide the next step in computing power necessary to run AI models with unprecedented abilities. Quantum computing could also be used in other cases where traditional computing isn't great, such as weather modeling or logistics networks.Continue readingWeiter zum vollständigen Artikel bei MotleyFool Weiter zum vollständigen Artikel bei MotleyFool