Is IonQ Stock a Buy After Its Latest Acquisition?

Core Insights - IonQ has established itself in the quantum computing sector by developing one of the most accurate systems, achieving 99.99% two-qubit gate fidelity [1] - The company is pursuing vertical integration to enhance scalability and control over the quantum ecosystem through strategic acquisitions [2] Company Strategy - IonQ has made significant acquisitions, including Oxford Ionics for reducing quantum computer size, LightSynq for photonic interconnect technology, Capella for satellite-based distribution, and Vector Atomic for quantum sensing technology [4] - The latest acquisition of SkyWater Technology allows IonQ to manufacture its own chips, making it the only vertically integrated quantum computing company [5] Industry Context - Most semiconductor companies operate on a fabless model, relying on third-party foundries, but vertical integration is advantageous in the emerging quantum computing field [6] - With SkyWater's fabs located in the U.S. and its trusted status with the government, IonQ is positioned to secure government contracts in quantum computing, which is a promising revenue source [8]