In this episode of FOMO Investing, we develop our Theory Of The Case (TOTC) on IonQ (IONQ). 

In TOTC episodes, we have an open-ended discussion on an investment that we are beginning to research. We dive into the fundamentals, the opportunity, and ultimately whether we believe there is a good investment thesis.  

IonQ is one of the few pure play quantum compute companies.  IonQ is working on developing and scaling general purpose quantum compute. In this episode we discuss what is quantum compute, potential use cases for quantum compute.   

We explore some parallels between quantum compute and GPU compute and Nvidia ~2009-2011.     We discuss some of IonQ’s promising partnerships, the Quibtek acquisition and some promising new quantum networking products that IonQ is looking to launch.

We recorded this episode on 15th November 2024 when IonQ was breaking through new all-time-highs and we discuss both the opportunities and risks involved in investing in IonQ at the current valuation.   

 (This Jensen Huang talk we reference, to draw out the GPU parallel in the episode is 13 years old and speaks to a vision of GPU Compute at ~40 minutes in)