Technology stocks witnessed a volatile start to 2026, as evident from the smooth performance of Nasdaq Composite so far this year. Although tech stocks started the year on a positive note, they were in sell-off mode last week on concerns about increased capital spending to support the build-out of artificial intelligence (AI) infrastructure.
Big tech stocks got wiped out by a whopping trillion dollars last week. However, Morgan Stanley believes tech stocks could rise again, mainly driven by AI. Analysts at the investment bank point out that 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’re 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 become parabolic, rapidly increasing the share price in a short period of time.
Image source: Getty Images.
IonQ shares are down 21% so far in 2026. However, the stock’s 12-month median price of $73, according to the 14 analysts covering the stock, points to a potential upside of 105% from current levels. Most analysts covering IonQ rate it a buy, which isn’t surprising since the company is pushing the envelope in the nascent quantum computing industry.
Quantum computers have massively parallel computing capacity, which allows them to solve problems at substantially faster speeds compared to traditional computers. Although quantum computers are currently limited in adoption due to their high cost and error-prone nature, their adoption is expected to increase significantly in the long term.
McKinsey estimates that quantum computing technology could see revenues of $97 billion in 2035, up from $4 billion in 2024. IonQ is focused on improving the accuracy of its quantum computers and claimed to have become the “first and only quantum computing company” to achieve 2-qubit fidelity last October. Since the performance of the 2-qubit gate is an indicator of the precision of a quantum computer’s performance, IonQ’s achievement suggests that it is indeed pushing the boundaries to make the technology mainstream.
IonQ also seeks to democratize access to quantum computing technology by providing access to quantum computers through cloud computing platforms. Customers can take advantage of the power of quantum computing without having to invest in expensive hardware through IonQ’s Quantum Cloud platform and can also rent its hardware through popular cloud service providers.
As such, it’s easy to see why IonQ’s revenue is expected to grow at a healthy pace in 2026 and 2027 from last year’s $108 million level (based on the midpoint of its full-year guidance range).
IONQ Revenue Estimates for Current Fiscal Year Data by YCharts
Granted, the stock trades at an expensive 109 times sales, but that’s lower than the 140 sales multiple at the end of 2025. IonQ should be able to justify its expensive valuation over the long term due to the exponential growth it’s expected to produce. As such, investors would do well to capitalize on the recent dip in IonQ stock as it could turn parabolic due to its amazing growth and bright outlook.
Celestica, a provider of electronics manufacturing services and supply chain solutions serving multiple industries, received a huge opportunity thanks to the development of AI data centers. Shares are up 54% over the past six months. The good news is that its rally is here to stay due to the big increase in data center spending in 2026.
The Canadian company designs network switches that are used in AI data centers to enable fast connectivity. Its services are used by large hyperscalers who spend huge amounts of money to build AI data centers. In addition, Celestica also manufactures custom AI processors designed by companies such as Google.
All of this explains why the company expects 50% growth in its connectivity and cloud solutions business in 2026. This segment produced 78% of Celestica’s sales in the fourth quarter of 2025, generating revenue of $2.86 billion. So, the impressive growth of 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 grow faster than it anticipates. That’s because the company has secured new contracts with a new hyperscaler. It currently offers its services to three hyperscalers, and that’s a good thing, as AI spending by the top four US hyperscalers is on track to grow to $700 billion in 2026, up from about $394 billion in 2025.
Celestica has targeted $17 billion in revenue for 2026, a potential 37% year-over-year increase. Its revenue is set to grow by 28% in 2025, which means its growth is poised to accelerate nicely this year. However, Celestica trades at just 3 times sales, a discount to the tech-heavy Nasdaq Composite’s sales multiple of 5.4.
Even though Celestica trades in line with the index average and generates $17 billion in revenue, its market value could rise to $92 billion this year. That would be more than double its current market cap of $37 billion, indicating that 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.
2 Tech Stocks That Could Go Parabolic was originally published by The Motley Fool
