Want to Invest in Quantum Computing? 3 Stocks That Are Great Buys Right Now.
Quantum computing stocks have skyrocketed in recent months. But are the pure-play specialists really your best investment option? The answer might surprise you.
Artificial intelligence (AI) is still a hot topic with market-moving powers, but the rising star of the moment is quantum computing. Experts in this field have seen their stock prices multiply in the last six months. As of March 13, shares of niche veteran IonQ (NYSE: IONQ) doubled in half a year, while smaller player Rigetti Computing (NASDAQ: RGTI) posted a 1,093% gain.
But I wouldn't buy either one of these skyrocketing market darlings today. They might be the superstars in the long run, but many things have to go right to reach that status. So far, they are deeply unprofitable business operations with minimal revenue streams, running on funds from stock sales or loans. And what happens if the next quantum computing research project turns up a lump of coal instead of a gold mine?
If and when that happens, I don't want to own Rigetti or IonQ stock. Mind you, I won't bet against them, either. Short-selling has unlimited downside risk if the target stock overcomes every hurdle and continues to deliver strong stock price gains.
