2024-03-28 18:45:05 ET
First it was EV, now it’s AI, and the next buzz word for Wall Street will likely be “Quantum”, says Sylvia Jablonski. She’s the chief executive of Defiance ETFs.
Why is she bullish on quantum computing?
Jablonski sees quantum computing as the “next-gen innovation” as it’s crucial for artificial intelligence to “work efficiently”.
AI relies on huge sets of data to fully benefit industries as expected – and quantum computers are needed to process that data.
The co-founder of Defiance ETFs, therefore, recommends that investors keep an eye on “quantum” especially if they ended up a bit too late on the rally in Nvidia Corp and Advanced Micro Devices Inc.
The S&P 500 index closed at a new all-time high today on the back of continued focus on artificial intelligence.
Jablonski is particularly positive on IONQ
One of the top names in pure-play quantum computing that Sylvia Jablonski recommends owning is IONQ Inc. On CNBC’s “ Worldwide Exchange ”, she said this morning:
They’re helping companies like Amazon and Google and Meta harness quantum computing in some of their innovations. They’re poised to grow if takes off.
The Defiance ETFs expert is bullish on IONQ because quantum computing is expected to grow from just $1.0 billion at present to a whopping $40 billion by the end of this decade.
The New York listed firm is a good opportunity also because it nearly doubled its revenue versus a year ago in 2023, she concluded.
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