IonQ, Inc. (IONQ): A Bull Case Theory

We came across a bullish thesis on IonQ, Inc. on X.com by ShawnKwon11. In this article, we will summarize the bulls’ thesis on IONQ. IonQ, Inc.'s share was trading at $47.12 as of December 1st.

The quantum computing sector has gained significant policy momentum as former President Trump prepares an executive order to accelerate post-quantum cryptography (PQC) adoption, shortening the timeline from ten to five years. While the FY2026 U.S. R&D budget cuts deeply into civilian science programs—such as a 40% reduction to NIH, cancellation of NASA missions, and cuts to DOE renewable initiatives—defense R&D spending is rising sharply.

Within this shift, quantum funding has been protected and even expanded, with DARPA allocating $250 million for quantum benchmarking and the NSF directing $230 million toward quantum information science. Looking ahead, FY2027 R&D priorities rank AI first and quantum second, followed by semiconductors, next-generation computing, and nuclear technologies, with the Golden Dome missile defense initiative explicitly funded. PQC and quantum cybersecurity are central to these plans.

IonQ’s position aligns closely with these national priorities. Already a trusted U.S. government partner, its capabilities in quantum networking, sensing, and space-based systems directly support the Golden Dome defense framework. Recent acquisitions of Vector Atomic and Capella Space further reinforce IonQ’s strategic role.

Internationally, meetings between IonQ executives and Italian officials regarding quantum sovereignty underscore its growing stature as a “Palantir of quantum” for allied nations. For investors, the takeaway is clear: quantum technology has moved beyond speculative hype to become a pillar of U.S. and allied strategic infrastructure. IonQ stands to benefit from both sustained government R&D funding and potential direct system sales, offering substantial long-term upside.

Previously we covered a bullish thesis on IonQ, Inc. (IONQ) by Maestroszq in October 2024, which highlighted its rapid revenue growth, patent strength, and commercialization of quantum hardware. The company’s stock price has appreciated approximately by 334.68% since our coverage. This is because the based on quantum commercialization thesis played out successfully. ShawnKwon11 shares a similar view but emphasizes U.S. policy-driven quantum adoption.

IonQ, Inc. is not on our list of the 30 Most Popular Stocks Among Hedge Funds. As per our database, 30 hedge fund portfolios held IONQ at the end of the second quarter which was 28 in the previous quarter. 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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Disclosure: None.