Evaluating Quantum Computing Investments: Is It Time to Buy IonQ or D-Wave, or Remain with Nvidia?

Key Points on Quantum Computing Stocks

• Shares of IonQ (NYSE: IONQ) have decreased by 37% and D-Wave Quantum (NYSE: QBTS) fell by 28% in the last month.

• IonQ reported $64.7 million in Q1 2026 revenue, up 755% year-over-year, and anticipates full-year revenue between $260 million and $270 million.

• D-Wave’s Q1 2026 revenue was $2.9 million, an 81% decline from last year, but Q1 bookings increased to $33.4 million.

IonQ and D-Wave Quantum are facing significant declines in stock performance, with IonQ down 37% and D-Wave down 28% over the past month. Despite these downturns, both companies are positioning themselves to benefit from federal investments in quantum computing. IonQ has secured over $100 million in contracts, while D-Wave has a $1.6 million NSF grant and a $100 million letter of intent under the Chips Act.

IonQ generated $64.7 million in revenue in Q1 2026, a substantial increase year-over-year, whereas D-Wave’s revenue of $2.9 million represents an 81% decline from the previous year. In comparison, Nvidia (NASDAQ: NVDA) reported $81.6 billion in total revenue in its fiscal first quarter of 2027, demonstrating its dominance and lower-risk profile in supplying foundational technology for the quantum sector.