Waiting for the next big thing? These two stocks could be worth watching – London Business News | Londonlovesbusiness.com

Investors want to be early adopters of the next big thing, just like they did with the internet and AI.

Saqib Iqbal, a financial analyst at Stockoptionscalculator.com, thinks a few undiscovered businesses are intending to expand to become the next big thing.

“Analyzing new businesses with strong fundamentals and actionable plans is always worth the time. If all goes according to plan, you may be among the fortunate few who invested before the hype. And now that I’ve done a ton of research, I’m eager to offer my stock recommendations, which may be the next big thing.”

• Investing early on the next big thing can present a huge opportunity.
• AST can be a great buy with strong fundamentals and a partnership with AT&T.
• IonQ, a small company generating massive revenue, could be the next big thing.

AST SpaceMobile (ASTS)

AST SpaceMobile (NASDAQ: ASTS) might be the next best thing to Elon Musk’s Starlink.

This ingenious startup is creating a collection of satellites that will transmit 5G internet straight to consumers’ smartphones without changing the device.

Recent accomplishments for the business, such as finalizing a contract with AT&T (NYSE: T), have helped its growth. No wonder the stock is up by 176% YTD.

According to Saqib, AST SpaceMobile has the potential to earn investors enormous profits if it can obtain more financing to achieve its goals.

IonQ (IONQ)

IonQ is a quantum computing company that is still in its infancy. As the capabilities of conventional semiconductors dwindle, businesses are competing to build the most powerful quantum computers.

IonQ reported $7.6 million in sales for the first quarter of 2024, exceeding projections and increasing 77% year over year. With its growing revenue stream and enhanced visibility, IonQ was able to increase its projection for 2024 to $75-$95 million.

Also, with about $375 million in cash on hand, IonQ has one of the best balance sheets out of all the publicly traded quantum computing businesses.

The stock is down by 30% YTD, but this presents a massive opportunity to buy the dip. Also, the stock is trading around 7, so it’s pretty cheap.