Prediction: Quantum Computing, IonQ, Rigetti, and D-Wave Will Crash In 2026. Here's What You Should Buy Instead

2026-01-23 11:02:00 ET

Quantum computing has the potential to be a revolutionary technology -- but potential only gets you so far, and after a monster run in 2025, I believe we're headed for a reckoning within the industry. The quantum pure plays -- IonQ (NYSE: IONQ) , D-Wave Quantum (NYSE: QBTS) , Rigetti Computing (NASDAQ: RGTI) , and Quantum Computing (NASDAQ: QUBT) -- have reached valuations that are hard to justify unless the most optimistic of predictions come true.

Image source: Getty Images.

Let's start with some basic numbers. Despite trailing-12-month (TTM) sales of just over $24 million, D-Wave commands a market capitalization of $10 billion. Rigetti brought in $12.7 million in the same period and carries a $8.5 billion market cap. Quantum Computing delivered just $550,000 in TTM revenue while boasting a market cap of nearly $3 billion.

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