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Why I Wouldn't Touch IonQ, Even With Quantum Computing Stocks Soaringquantum-computing

Why I Wouldn't Touch IonQ, Even With Quantum Computing Stocks Soaring

Quantum computing stocks have been one of the hottest trades in recent years. Emerging leaders IonQ (IONQ -7.68%), Rigetti Computing, and D-Wave Quantum are up between 20% and 50% from their April lows. Look out even further, and this trio has soared between 480% and 1,710% over the past two years. While IonQ is growing at blazing speeds, it's too hot for me to handle. Here's why I'm not ready to buy this top quantum computing stock. Image source: Getty Images. There's a lot to like about IonQ I want to start by saying I'm genuinely intrigued by IonQ. The quantum computing company isn't all hype. It reported record revenues of more than $80 million in the second quarter, up an astonishing 287% year over year, driven by deployment across its entire quantum platform. That was its fifth straight quarter of delivering record results and the best quarter in its history. That rapid growth should continue. IonQ recently raised its full-year guidance to between $280 million and $290 million. That doesn't reflect any contribution from its recent acquisition of SkyWater Technologies, which is creating the first vertically integrated, full-stack quantum platform. ExpandNYSE: IONQIonQPremium FeatureMoneyball Superscore68/100Today's Change(-7.68%) $-3.26Current Price$39.20Key Data Points*:nth-last-child(-n+2)]:border-b-0">Market Cap$16BMarket cap calculated using publicly traded shares outstanding only. Does not include unlisted, private, or dual-class non-traded shares. Implied market cap may vary.Day's Range$38.64 - $41.9252wk Range$25.89 - $84.64Volume20.1MAvg Vol22.2MGross Margin-3317.96% Why IonQ is too hot for me to handle Despite its massive revenue growth, IonQ is a long way from reaching profitability. Its total operating costs and expenses exceeded $417 million in the second quarter, more than five times its revenue. It has incurred a cumulative loss of $608.8 million from operations through the first six months of this year. While the company currently has a strong ca

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Is D-Wave Quantum a Buy?quantum-computing

Is D-Wave Quantum a Buy?

D-Wave Quantum (QBTS -5.08%) is a genuine rarity. It's a pure-play quantum computing company with actual paying customers, and its systems are already running production workloads. Real customers, real results AT&T cut a complex network optimization task from roughly an hour to under 15 seconds using D-Wave's annealing technology. That's not a demo. That's a useful business tool. Management discussed the AT&T project among several other deals on the recent Q2 2026 earnings call. Remaining performance obligations (RPO) hit $40.7 million at the end of June, up 668% year over year. More than half of this backlog should convert into revenue over the next year. The business is also broadening. D-Wave's January acquisition of Quantum Circuits added a gate-model program to its established annealing platform. A peer-reviewed Nature paper published this summer validated key architectural claims about the resulting dual-rail approach. Management is targeting 100 logical qubits and over 1 million reliable gate operations by 2032 -- thresholds often seen as the minimum for large-scale commercial operations. Image source: The Motley Fool. Growing pains But this year brought some turbulence alongside the progress. CFO John Markovich announced his retirement this week, effective Sept. 2. His interim replacement is a capable finance veteran, but leadership continuity matters. D-Wave's stock fell 9.5% on the day of that announcement. The company is burning cash fast and spending heavily to build out a brand-new gate-model business. Is that the right time to install new financial leadership? Early production deployments are not the same thing as a profitable business. Free cash flow was -$119 million over the last four quarters, up from -$76 million in fiscal year 2025 and -$45 million in 2024. The lights are staying on (and D-Wave was able to spend $250 million of cash plus $300 million in stock on the Quantum Circuits buyout) because the company isn't shy about asking share

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Who’s News: Strategic Appointments at Quantum Sky, IonQ, Pasqal, and Global Quantum Intelligencequantum-computing

Who’s News: Strategic Appointments at Quantum Sky, IonQ, Pasqal, and Global Quantum Intelligence

Who’s News: Strategic Appointments at Quantum Sky, IonQ, Pasqal, and Global Quantum Intelligence Quantum Sky (formerly Tyto Athene, LLC) has appointed Sean Thompson as Chief Growth Officer (CGO). Thompson brings over 25 years of executive experience across defense and federal technology operations. He previously served as Chief Growth Officer at CBRE Government & Defense Services and IDEMIA North America, and led federal sales at Unisys Corporation. In his new role, Thompson will manage Quantum Sky’s enterprise growth strategy and public-sector business development following the company’s recent rebrand. The full official release is available here. IonQ has appointed Dr. Eric Ball and Timothy Baxter to its Board of Directors. Dr. Ball brings nearly 40 years of financial executive experience, including a decade as Senior Vice President and Treasurer at Oracle. Baxter previously served as Chairman of SkyWater Technology until its acquisition by IonQ, and formerly held the position of CEO at Samsung North America. Their appointments are aimed at supporting IonQ’s manufacturing expansion and platform integration roadmap. The complete announcement can be found here. Pasqal has announced the composition of its nine-member Board of Directors for Pasqal Holding SA following the completion of its business combination with Bleichroeder Acquisition Corp. II (Nasdaq: PSQL). The board is chaired in a non-executive capacity by Pasqal co-founder and 2022 Nobel laureate Alain Aspect. Michel Combes (former CEO of SoftBank Group International) serves as Lead Independent Director, alongside directors including Barbara Dalibard (Chair of the Michelin Supervisory Board), Jean Raby (Partner at Astorg), Nicolas Berdou (Bpifrance), Michael Blitzer (Inflection Point Asset Management), Andrew Gundlach (Bleichroeder LP), CEO Wasiq Bokhari, and Chief Strategic Alliances Officer Georges-Olivier Reymond. The stock exchange release can be accessed here. Global Quantum Intelligence (GQI) has e

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IBM Releases Open-Source Qiskit Fermions 0.1.0 to Preserve System Structure During Transpilationquantum-computing

IBM Releases Open-Source Qiskit Fermions 0.1.0 to Preserve System Structure During Transpilation

IBM Releases Open-Source Qiskit Fermions 0.1.0 to Preserve System Structure During Transpilation IBM Quantum has officially launched Qiskit Fermions (v0.1.0), an open-source software library and transpiler extension designed to express fermionic operators, construct domain-specific fermionic circuits, and optimize mappings to qubit architectures. Built on a high-performance Rust core with Python and C bindings, the package addresses the compilation gap between interacting particle physics—such as quantum chemistry and condensed matter simulation—and standard qubit-based processors. [ Qiskit Fermions 0.1.0 Architecture & Key Capabilities ]Core Framework & LanguageTranspilation StrategyEcosystem & Tooling Integration• High-Performance Rust Core• Domain-Specific Fermionic Circuits• ffsim (Fock-Space Simulation)• Python API & C Bindings• Delayed Fermion-to-Qubit Synthesis• SQD (Sample-based Quantum Diagonalization)• Apache License 2.0 (Open Source)• Ancilla-Assisted Flow-Set Encodings• qDRIFT & SqDRIFT Algorithms Structure-Preserving Transpilation and Constant-Depth Scaling In conventional quantum chemistry workflows, a fermionic Hamiltonian is mapped to qubits (e.g., via Jordan-Wigner transformations) before time evolution algorithms are implemented. Qiskit Fermions reverses this sequence by maintaining operations within a domain-specific “fermionic circuit” layer throughout early compilation. The transformation into qubit gates is delayed until the final transpilation phase, preserving physical symmetries and particle-number conservation rules deeper into the compilation pipeline. Constant-Depth Fermi-Hubbard Dynamics: By using local flow-set encodings assisted by ancilla qubits, the package converts groups of particle-hopping terms into single-qubit rotations. In 1D Fermi-Hubbard time-evolution benchmarks, two-qubit gate depth remains constant at 12 across system sizes ranging from 4 to 100 sites, whereas conventional Jordan-Wigner Trotterization

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IonQ's Massive Shift: Vertical Integration Raises High-Stakes Executionquantum-computing

IonQ's Massive Shift: Vertical Integration Raises High-Stakes Execution

IonQ (IONQ -7.68%) is evolving from a quantum computing specialist into a broader strategic technology platform. Record growth, vertical integration, and an ambitious hardware roadmap could strengthen its position in the quantum race, but its valuation leaves little room for execution mistakes. Stock prices used were the market prices of Aug. 17, 2026. The video was published on Aug. 28, 2026. Read NextAug 24, 2026 •By Robert IzquierdoIonQ vs. Quantum Computing Inc.: Which Quantum Computing Stock Is a Better Buy in 2026?Aug 24, 2026 •By Sean WilliamsQuantum Computing Stocks IonQ, Rigetti Computing, and D-Wave Quantum Have Put Wall Street on Notice With This $863 Million WarningAug 22, 2026 •By Keithen Drury1 Quantum Computing Stock That Looks Like a Screaming Buy Right NowAug 22, 2026 •By Geoffrey SeilerThe Quantum Computing Race Is Heating Up: The Top 3 Stocks to Buy Right NowAug 18, 2026 •By Geoffrey SeilerTwo Quantum Computing Stocks Are Starting to Pull Ahead of the PackAug 16, 2026 •By Daniel SparksIonQ Paid $1.8 Billion for a Chip Foundry. Here's What Investors Should Know.About the AuthorRick is a Wall Street Journal best-selling author with over 20 years of experience trading stocks and options. The most authoritative publications, including Good Morning America, Washington Post, Yahoo Finance, MSN, Business Insider, NBC, FOX, CBS, and ABC News, cover his work. His passion is business, and he works tirelessly to deliver content in an easy-to-understand manner. In 2018, Rick wrote The Financially Independent Millennial to inspire his readers with his story about becoming financially independent at age 35 despite not learning about money when he was younger. His books are easy to read and often refer to key points that “He would tell his younger self.” When not thinking about business, Rick writes (mainly about cruise ship travel) for his travel blog and is an enthusiast of fast cars, technology, & cooking.CMFrickorfordStocks MentionedIonQNYSE: IONQ$39.20(

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iAccess Partners and QAI Ventures Partner to Lower Entry Threshold for Early-Stage Quantum VC Fundquantum-computing

iAccess Partners and QAI Ventures Partner to Lower Entry Threshold for Early-Stage Quantum VC Fund

iAccess Partners and QAI Ventures Partner to Lower Entry Threshold for Early-Stage Quantum VC Fund Swiss fintech firm iAccess Partners and Basel-headquartered venture capital firm QAI Ventures have established a strategic partnership designed to broaden access to early-stage quantum technology and advanced computing investments. By leveraging bankable International Securities Identification Numbers (ISINs), the partnership lowers the minimum investment threshold for qualified and professional investors down to USD $25,000. [ QAI Ventures & iAccess Partners Investment Vehicle Architecture ]Financial InstrumentTarget Technology SectorsSourcing & Pipeline Networks• Bankable ISIN (Securities Account)• Quantum Computing & Sensing• Global Accelerators (Basel, Canada, Singapore)• Minimum Commitment: USD $25,000• Quantum Communications• University Pipeline & Corporate Networks• Fully Digital Onboarding• High-Performance Computing & Semiconductors• 35+ Existing Portfolio Companies Democratizing Deep-Tech Venture Capital Access Venture investments in early-stage deep-tech companies have historically been restricted to large institutional investors—such as pension funds and insurance companies—due to high minimum capital commitments. The partnership combines QAI Ventures’ domain-specific technical deal sourcing with iAccess Partners’ digital private market structuring: Digital Bankable Structuring: Qualified private investors, wealth managers, and financial intermediaries can execute investments via standard bank custody accounts using a dedicated ISIN, bypassing complex private equity subscription paperwork. Focus on Pre-Seed and Seed Stages: Capital raised will feed into QAI Ventures’ latest fund, targeting early-stage startups advancing quantum processors, quantum sensors, quantum encryption, high-performance computing (HPC), and next-generation semiconductors. Ecosystem Sourcing: Deal flow is supported through QAI Ventures’ proprietary global accelerato

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