Quantum computing stocks have taken Wall Street by storm. Since the start of the third quarter of 2024, investors have piled into the three pure-play quantum stocks resulting in eye-popping gains for early shareholders.
Still, these companies are developing a technology that’s basically in its infancy — think of the telegraph when Alexander Graham Bell was tinkering with the telephone. Moreover, all three stocks sport valuations that would make even the most aggressive venture capitalists blush.
Are quantum computing stocks in a bubble? Let’s examine the field’s current state and long-term potential to determine its future direction.
This post originally appeared at The Motley Fool.