Better Artificial Intelligence Stock: Wolfspeed vs. IonQ

Wolfspeed (NYSE: WOLF) and IonQ (NYSE: IONQ) aren't generally considered artificial intelligence (AI) stocks. Wolfspeed is a leading manufacturer of silicon carbide (SiC) chips, which are often associated with electric vehicle (EV) powertrains. IonQ develops quantum computing systems and also serves up that power as cloud-based services.

Both companies could benefit from the secular expansion of the AI market. Wolfspeed's SiC chips -- which can operate at higher voltages, temperatures, and frequencies than traditional silicon chips -- are installed in power supply units (PSUs) for AI servers. IonQ's quantum computing systems -- which churn data at a much faster rate than traditional binary computers -- could eventually be used to process complex AI tasks as they become smaller, more power efficient, and make fewer mistakes.

Image source: Getty Images.

Continue reading