IonQ Inc. (NYSE:IONQ) is one of the best AI stocks to buy according to hedge funds. On June 25, IonQ made headlines with a significant breakthrough in fundamental physics by achieving the first known simulation of neutrinoless double-beta decay using its quantum computer.
This development has profound implications for understanding the universe’s matter-antimatter imbalance and suggests that quantum computers could unlock new realms in physics processes previously beyond the reach of classical systems. The simulation was performed on IonQ’s Forte Enterprise quantum system, using 32 qubits for the main problem and an additional 4 qubits for error mitigation.
A quantum computer on a countertop in an engineering laboratory with a technician at work.
This involved 2,356 two-qubit gates and allowed for the real-time observation of a “lepton-number violation.” The achievement resulted from a year-long co-design effort with researchers from the University of Washington’s InQubator for Quantum Simulation (IQuS) and the US Department of Energy’s Quantum Science Center.
IonQ Inc. (NYSE:IONQ) develops quantum computers and networks in the US.
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.
READ NEXT: 30 Stocks That Should Double in 3 Years and 11 Hidden AI Stocks to Buy Right Now.
Disclosure: None. This article is originally published at Insider Monkey.