Buy Call on IonQ for a Long-term Entry Opportunity

about 1 month ago

Jeffrey

"Right now, uh what has this one been doing? And I feel like it's maybe the the first of of a model that we're going to see kind of repeated quite a bit over the next list of stocks as well. The entire sector, as we've talked, has kind of been struggling. So, they're down about seven or eight% over the past three months, but they're actually up still about 80% on the year, and that's a good thing because it gives you a little room to enter in and start building your position. The thing about this stock is they have a 1.5 billion in cash right now. So, they have a really long runway before they're going to run out of money. And then on top of that, they're currently selling time on their system to Hyundai for battery simulation and also to the US Air Force. They have a military contract, a strong industry partner with Hyundai, and their stock is depressed enough that it could be a really good entry point for someone who's wanting to start a position in this company."

The speaker highlights IonQ as an attractive entry point based on its robust cash reserves, key military and industry partnerships, and depressed stock price, suggesting a compelling long-term trade call for investors.

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