Group 1: IonQ - IonQ is a quantum computing company positioned in an early-stage market with growing interest from enterprises and governments seeking alternatives to classical computing [2] - The company offers commercially accessible quantum hardware through a cloud-based "quantum as a service" model, lowering adoption barriers for customers [3] - Analysts expect rapid revenue growth through 2026 as pilot projects convert into long-term commercial contracts, supported by partnerships with major cloud platforms like Microsoft Azure [3] - If quantum computing transitions from experimentation to practical applications, even modest adoption could significantly impact IonQ's financial profile and lead to a valuation re-rating [4] - Key risks include ongoing losses, share price volatility, and uncertainty regarding the timing of widespread quantum adoption [4] Group 2: Roku - Roku has transitioned from a streaming hardware business to a connected TV platform primarily driven by advertising and subscription revenue [7] - The platform revenue has outpaced overall growth due to increased streaming engagement and improved ad monetization [8] - The shift of advertising budgets from traditional television to streaming is a central tailwind, supported by Roku's large user base and expanding relationships with major advertisers [8] - Connected TV is one of the fastest-growing segments in digital advertising, and Roku's scale positions it to capture a growing share of that spend [9] - Improvements in ad technology and potential political advertising related to the U.S. midterm elections in 2026 could further enhance revenue and margins [9] - Risks include competition, uneven hardware performance, and exposure to cyclical advertising demand [9]