Technology stocks have witnessed a volatile start to 2026, as evident from the flat performance of the Nasdaq Composite so far this year. Though tech stocks started the year on a positive note, they were in sell-off mode last week due to concerns about mounting capital expenses to support the buildout of artificial intelligence (AI) infrastructure.
Big tech stocks saw a whopping $1 trillion wiped off from their market cap last week. However, Morgan Stanley believes that tech stocks could rally once again, primarily driven by AI. Analysts at the investment bank point out that the revenue growth expectations for some of the biggest names in the tech industry are now at multi-decade highs. Moreover, the recent sell-off means that investors now have an attractive entry point into the sector.
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That’s why we are going to take a look at two tech names that are growing at an incredible pace — IonQ(NYSE: IONQ) and Celestica(NYSE: CLS) — and have the potential to go parabolic, rising rapidly in their stock price in a short period of time.
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IonQ stock has dropped 21% so far in 2026. However, the stock’s 12-month median price target of $73, as per 14 analysts covering the stock, points toward a potential jump of 105% from current levels. The majority of the analysts covering IonQ rate it as a buy, which isn’t surprising, as the company is pushing the envelope in the nascent quantum computing industry.
Quantum computers have massive parallel computing ability, due to which they can solve problems at substantially faster rates as compared to traditional computers. Though quantum computers are currently limited in adoption on account of their high costs and error-prone nature, their adoption is expected to grow significantly in the long run.
McKinsey estimates that quantum computing technology could clock $97 billion in revenue in 2035, up from $4 billion in 2024. IonQ is focused on enhancing the accuracy of its quantum computers and claimed to have become “the first and only quantum computing company” that achieved 2-qubit gate fidelities of 99.99% in October last year. As the 2-qubit gate performance is the gauge of the accuracy of a quantum computer’s performance, IonQ’s achievement suggests that it is indeed pushing the envelope to make the technology mainstream.
IonQ is also looking to democratize access to quantum computing technology by offering access to quantum computers through cloud computing platforms. Customers can leverage the power of quantum computing without having to invest in expensive hardware through IonQ’s Quantum Cloud platform and also rent its hardware through popular cloud service providers.
As such, it is easy to see why IonQ’s revenue is anticipated to increase at a healthy pace in 2026 and 2027 from last year’s level of $108 million (based on the midpoint of its full-year guidance range).
Of course, the stock trades at an expensive 109 times sales, but that’s lower than the sales multiple of 140 at the end of 2025. IonQ should be able to justify its expensive valuation in the long run thanks to the exponential growth that it is anticipated to deliver. As such, investors would do well to capitalize on the recent drop in IonQ stock, as it could go parabolic on account of its eye-popping growth and bright prospects.
Celestica, an electronics manufacturing services and supply chain solutions provider that serves multiple industries, has received a huge shot in the arm thanks to the buildout of AI data centers. The stock has shot up by an impressive 54% in the past six months. The good news is that its rally is here to stay due to the big jump in data center spending in 2026.
The Canadian company designs networking switches that are used in AI data centers to enable fast connectivity. Its services are being used by large hyperscalers who are spending huge amounts of money to build AI data centers. What’s more, Celestica is also manufacturing custom AI processors designed by companies like Google.
All this explains why the company expects a 50% jump in its connectivity and cloud solutions business in 2026. This segment produced 78% of Celestica’s sales in the fourth quarter of 2025, generating $2.86 billion in revenue. So, the impressive growth in this business is poised to move the needle substantially for the company in 2026.
It won’t be surprising to see Celestica’s cloud and connectivity business growing faster than it anticipates. That’s because the company has secured new contracts with a new hyperscaler. It currently provides its services to three hyperscalers, and that’s a good thing, as AI spending by the top four U.S. hyperscalers is poised to jump to $700 billion in 2026, up from an estimated $394 billion in 2025.
Celestica has guided for $17 billion in revenue for 2026, a potential increase of 37% from last year. Its revenue increased by 28% in 2025, which means its growth is poised to accelerate nicely this year. However, Celestica is trading at just 3 times sales, a discount to the tech-laden Nasdaq Composite index’s sales multiple of 5.4.
Even if Celestica trades in line with the index’s average and delivers $17 billion in revenue, its market value could jump to $92 billion this year. That would be more than double its current market capitalization of $37 billion, indicating this AI stock is capable of going on a parabolic run.
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Harsh Chauhan has no position in any of the stocks mentioned. The Motley Fool has positions in and recommends Celestica and IonQ. The Motley Fool has a disclosure policy.
