Quantum Stocks Have Been Mostly Hype. IonQ May Be the Real Deal.

Quantum computing stocks, over the last few years, have largely soared on bold promises, futuristic projections, and investor excitement, rather than actual commercial progress. But IonQ (IONQ) is starting to look different, claiming that the quantum industry is finally moving beyond experimentation and into commercialization. IonQ builds quantum computers and related quantum networking, security, and sensing technologies. According to its recent Q1 report, the company’s major technological breakthroughs could accelerate the timeline for practical quantum computing.

Over the last five years, IonQ shares have soared 390%, outperforming the broader market gain of 76%. But, so far this year, the stock has climbed just 5.2%.