Why IonQ, Inc. (IONQ) Soared Today

We recently published a list of These 10 Stocks Soared by Double Digits Today! In this article, we are going to take a look at where IonQ, Inc. (NYSE:IONQ) stands against other stocks that soared today.

IonQ saw its share prices jump by 36.52 percent on Thursday to end at $45.79 apiece as investor sentiment was buoyed by its chief executive’s comments bold claim that the company will become the next Nvidia Corp. of the quantum computing sector.

In an interview with Barron’s, IonQ, Inc. (NYSE:IONQ) Chief Executive Officer Niccolo de Masi was quoted as saying that he believes the company “will be the Nvidia player”  of the quantum computing sector.

“We’re in the business of quantum just like Nvidia and Broadcom are in the business of classical GPUs,” de Masi told the news outlet. “I believe IonQ will be the Nvidia player. There will be other people that copy us and follow us; they have always copied and followed us,” he said.

De Masi’s comments also spilled over into shares of other quantum computing stocks such as RGTI, QBTS, and QUBT.

Overall, IONQ ranks 3rd on our list of stocks that soared today. While we acknowledge the potential of IONQ, our conviction lies in the belief that some AI stocks hold greater promise for delivering higher returns and have limited downside risk. If you are looking for an AI stock that is more promising than IONQ and has 10,000% upside potential, check out our report about this cheapest AI stock.

READ NEXT: 20 Best AI Stocks To Buy Now and 30 Best Stocks to Buy Now According to Billionaires.

Disclosure: None. This article is originally published at Insider Monkey.