Overview
- Pure‑play quantum names IonQ, Rigetti, D‑Wave, and Quantum Computing Inc. surged at times by roughly 5,400% on a trailing 12‑month basis in 2025.
- Investors have looked to Nvidia’s decade‑long rise of more than 21,800% as the benchmark for transformative tech winners.
- Quantum computing is expected to take years to mature, tempering near‑term commercial outcomes despite recent enthusiasm.
- Historical patterns show that hyped technologies often experience an early bubble burst, as seen with the internet, genome decoding, nanotechnology, blockchain, and the metaverse.
- The report warns that overestimating early adoption and utility fuels corrections and that valuation and competitive pressures are likely to weigh on these quantum stocks.