Is Quantum Computing Startup IonQ a Buy Ahead of Its SPAC Merger?

Nicholas Rossolillo, The Motley Fool
·5-min read
Is Quantum Computing Startup IonQ a Buy Ahead of Its SPAC Merger?

Special purpose acquisition company (SPAC) dMY Technology Group III (NYSE: DMYI) recently announced that it will be merging with quantum computing start-up IonQ. A number of quantum computing deals and developments have been revealed over the last couple of years that indicate that this futuristic tech could be nearing broader-based commercialization. Traditional computers store and manipulate bits of data in a binary state, recording it in strings of 1s and 0s.