Keith Speights, The Motley Fool
Tue, December 9, 2025 astatine 5:02 AM CST 5 min read
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High-flying, unprofitable pure-play quantum computing stocks volition apt plunge if the bubble bursts.
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Tech giants that are investing successful quantum computing but make gross from different businesses should fare well.
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While Microsoft, Amazon, and IBM are beardown contenders, different banal is the champion to ain if the quantum computing bubble bursts.
Share prices sometimes soar much than the underlying businesses of companies warrant. Buying is intensified arsenic a effect of hype and investors' fearfulness of missing retired (FOMO). These are the tell-tale signs of a banal marketplace bubble.
There's a bully lawsuit to beryllium made that quantum computing stocks are successful a bubble. And each bubbles extremity negatively, often successful spectacular fashion.
What's the champion quantum computing banal to ain if the bubble bursts? I deliberation 1 stands retired supra the rest.
We tin rapidly destruct respective quantum computing stocks from consideration. I'm referring to axenic plays that stay unprofitable and person seen their shares present immense gains implicit the past twelvemonth oregon so.
Rigetti Computing (NASDAQ: RGTI) ranks arsenic 1 of the biggest quantum computing winners. Its shares person skyrocketed much than 6x implicit the past 12 months. However, Rigetti continues to suffer wealth manus implicit fist, posting a nett nonaccomplishment of astir $201 cardinal based connected Generally Accepted Accounting Principles (GAAP) successful the 3rd 4th of 2025. The company's gross adjacent declined 18% twelvemonth implicit year.
The representation is lone somewhat amended for D-Wave Quantum (NYSE: QBTS). The banal has soared by much than 440% implicit the past 12 months. While D-Wave's gross doubled twelvemonth implicit twelvemonth successful Q3, its bottommost enactment deteriorated, with the institution reporting a nett nonaccomplishment of $140 million.
What astir IonQ (NYSE: IONQ), whose marketplace capitalization of astir $19 cardinal makes it the largest pure-play quantum computing company? Its banal summation has been importantly little than that of its smaller rivals. Although IonQ's year-over-year gross maturation of 222% successful Q3 was impressive, its nett nonaccomplishment of $1.1 cardinal was't.
If the quantum computing bubble bursts, you tin stake that the stock prices for each 3 of these companies (as good arsenic different tiny players successful the nascent industry) would plunge. Their valuations astatine this constituent are based mostly connected investors' hopes alternatively than coagulated fiscal underpinnings.
Investors wanting to debar the apt carnage that would effect from a quantum computing bubble burst person different alternatives, though. Several tech giants are investing heavy successful quantum computing, but they make their gross from different businesses.

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