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"IonQ's rapid growth is reminiscent of Palantir Technologies' rise to fame in the AI space. However, experts argue that IonQ's valuation is overextended, and the company faces stiff competition from established players like Nvidia, Microsoft, Amazon, and Alphabet. Despite its impressive revenue growth, IonQ's market cap is around $8 billion, with a price-to-sales ratio of 165. This raises concerns about the company's ability to sustain its growth and compete in the long run."
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