3 Quantum Computing Stocks Have Issued a $63 Million Warning This Year That Wall Street Cannot Ignore
Several quantum computing stocks have performed fantastically over the past several years.
As quantum computing gains momentum, three firms – Rigetti Computing, IonQ, and D-Wave Quantum – have warned Wall Street with a $63 million warning this year. These companies, while promising, remain theoretical due to their lack of commercialization. Insider selling by top executives has surpassed $63 million this year, with no significant insider buying, indicating a lack of confidence.
Despite high market caps and forward sales multiples, these companies are not profitable and generate modest revenue. Stock Advisor analysts did not include IonQ in their top 10 list, highlighting the sector's risks.
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