Quantum computing has the potential of being the next big innovation. At the right size and the right price, it might even be investable.

Competition is already heating up, with many companies taking a unique approach to developing their quantum computers. One such company is IonQ ( IONQ -1.43%), a leading manufacturer of quantum computing systems. But is the stock a buy right now? Let's take a closer look.

Following tech giants such as Amazon (AMZN) and Nvidia (NVDA), enterprise software major SAP (SAP) has also joined the voices making a case for quantum computing. Sounding bullish about the technology,

Many quantum computing stocks have risen well above Wall Street's price targets, but this one still has room to climb.

Quantum computing is stirring up excitement in the investment community because, like AI, it could offer companies a huge boost when it comes to innovation and efficiency. All of this is positive for the earnings growth and stock performance of quantum computing companies and their customers.