Quantinuum: Our Quantum Future Is (Not) Now

Sean Daly2.2K FollowersFollow5ShareSavePlay(15min)Comment(1)SummaryWith a credible execution record, Quantinuum leads in trapped-ion quantum computing, but its valuations are absurdly stretched.QNT's $1.68B IPO and $17.41B market cap far outpace its $31M FY25 revenue, reflecting high expectations for a distant "future dominance."Despite strong technology and peer-reviewed breakthroughs, QNT faces fierce competition, rising R&D costs, and a December insider lockup expiration.I recommend waiting until January 2027 to consider QNT, when its tech superiority can be had for a better price.akinbostanci/E+ via Getty Images The good news: Quantinuum (QNT) has a rendezvous with destiny. The bad news: the meetup has been priced in. The company's last three systems have been delivered on schedule, establishing a very credible record of execution (and thusThis article was written bySean Daly2.2K FollowersFollowSean Daly writes on ETFs, biotech and FINTECH solutions in the banking space. He teaches international finance and financial risk management at Pace University and was a visiting lecturer at Princeton University from 2005 to 2009. He was educated at Columbia University. He has also written extensively on real estate and economic development, exploring issues as diverse as Chinese urbanization, CMI multilateral currency swap arrangements, energy geopolitics, and Asia's sovereign wealth funds. Global strategy and private equity background. Equity Approach: long/short, event-driven, with a focus on small cap biotech and the emerging markets.Analyst’s Disclosure: I/we have no stock, option or similar derivative position in any of the companies mentioned, and no plans to initiate any such positions within the next 72 hours. I wrote this article myself, and it expresses my own opinions. I am not receiving compensation for it (other than from Seeking Alpha). I have no business relationship with any company whose stock is mentioned in this article. Seeking Alpha's Disclosure: Past performance is no guarantee of future results. No recommendation or advice is being given as to whether any investment is suitable for a particular investor. Any views or opinions expressed above may not reflect those of Seeking Alpha as a whole. Seeking Alpha is not a licensed securities dealer, broker or US investment adviser or investment bank. Our analysts are third party authors that include both professional investors and individual investors who may not be licensed or certified by any institute or regulatory body.