Overview
- An opinion piece forecasts that a quantum computing “bubble” will burst in 2026, with IonQ, Rigetti Computing and D‑Wave Quantum singled out as vulnerable.
- The author notes these pure‑play stocks have risen more than 1,000% since late 2022, with most of the gains concentrated in 2025.
- The column asserts the rally stems from hype on online forums and momentum trading that has turned the names into meme stocks.
- It contends the companies have not delivered significant technological advances or enterprise customer traction despite heavy spending on acquisitions and new architectures such as trapped ions and superconducting systems.
- Setting the call in a wider market context, the author cites strong performance by AI‑linked ETFs and QQQ since the launch of ChatGPT, while arguing quantum computing is the segment most at risk rather than AI overall.