Published on 17 Jan 2025 on Benzinga
Quantum Computing Stocks Are 'Totally Divorced From Reality,' Says Analyst...
Popular quantum computing stocks have been surging following a slew of positive news flow but this valuation metric shows that the stocks could be overly expensive. While some analysts stay positive, others believe these could be subject to “manipulation.”
What Happened: Stocks like Rigetti Computing Inc., Quantum Computing Inc., D-Wave Quantum Inc. and IonQ Inc. have registered a triple-digit gain over the last six months and one year. The exchange-traded fund tracking these stocks, Defiance Quantum ETF, rose 26.29% in the last six months and 53.69% over a year.