$1,000 Split Between IonQ and D-Wave Today Could Be Worth This Much by 2029.
These pure plays are taking different approaches to quantum computing, and both already trade at rich valuations.
Investors have two paths to tap into the burgeoning quantum computing market through IonQ (IONQ -1.58%) and D-Wave Quantum (QBTS -2.97%). While their approaches differ, a split investment today could grow significantly by 2029. IonQ is actively building commercial opportunities in quantum computing, networking, and security. The company reported record revenue of $80.1 million in Q2 2023, up 287% year-over-year.
It has also expanded its technology stack following the acquisition of SkyWater Technology, which is expected to boost revenue growth by 2026. However, IonQ faces challenges such as widening operating losses and potential further share dilution. Analysts have a generally positive outlook on IonQ, with a strong buy rating from 10 of 14 covering firms.
D-Wave, on the other hand, focuses on quantum annealing machines, which specialize in optimization problems relevant to businesses like drug development, logistics, and financial modeling. The company reported bookings of $35.5 million in the first half of 2026, a 1,120% year-over-year increase. D-Wave is also developing an error-corrected gate-model technology, which could help it create a fault-tolerant quantum device in 2029.
Analysts, however, largely rate D-Wave as a strong buy, but the stock trades at a high price-to-sales ratio, leaving little room for disappointment. Assuming a moderate price-to-sales ratio in 2029, a $1,000 investment equally split between IonQ and D-Wave could be worth approximately $1,210, a 21% gain, based on consensus revenue forecasts and middle-of-the-range price-to-sales multiples.
Written by urgent.news from Motley Fool's reporting — not their text. Machine-written — may contain errors; check the original before relying on it.
