Quantum computing pure plays may tempt investors, but the better stock pick may be the megacap that's providing a bridge between quantum systems and classical supercomputers.
With D-Wave Quantum down over 32% YTD ahead of Q2 earnings, investors weigh quantum ETFs like WQTM and CQTM against individual stocks amid high valuations and slow sales growth.
Options trader Andrew Keene is tracking large institutional call buying in X-Energy, Oklo, and IonQ, all down sharply from highs, betting on rebounds in these oversold, pre-revenue stocks.
As IonQ shares slide amid a lofty valuation, Quantinuum and Quantum Computing Inc. emerge as speculative alternatives with strong cash positions but minimal revenue and rising expenses.
As quantum stocks slump in 2025, ETFs like WisdomTree's WQTM and Defiance's QTUM offer diversified exposure, suiting long-term and short-term investors with differing risk and liquidity needs.
IQM Quantum Computers' Nasdaq listing adds a new European rival for D-Wave and Rigetti, intensifying competition while expanding investor options in the pure-play quantum computing sector.
Rigetti Computing has become one of quantum computing's biggest market darlings, but its lofty valuation, shrinking revenue, and continued share dilution could set the stage for a painful second-half pullback.
D-Wave's commercial traction and recent acquisition clash with Rigetti's government ties and in-house chip design, but both burn cash at alarming rates.
