Quantum Computing Stocks Surge Amid Market Uncertainty
This year, quantum computing stocks have seen significant gains, with the Defiance Quantum ETF rising by 17% as of July 17, well outpacing the S&P 500 and Nasdaq Composite. However, many of these stocks belong to smaller companies with minimal traction and face valuations resembling those during previous market bubbles.
Key players in the quantum computing sector, such as IonQ and Rigetti Computing, have P/S ratios that are historically unsustainable, raising concerns about whether the sector is experiencing a bubble. Analysts caution investors to be discerning, highlighting that today’s smaller quantum firms face intense competition from established tech giants.
