Back in June, I made a big call: quantum computing looked a lot like Nvidia (NVDA) in 2019, and the sector could be sitting at the beginning of a generational investment cycle. My favorite speculative pure-play was IonQ (IONQ), while IBM (IBM) and Alphabet (GOOGL) were my safer megacap choices, and Defiance Quantum ETF (QTUM) was my diversified option.
Then, many of the very same quantum stocks I wrote about took a dive this summer, and it wasn't the graceful kind. More like a belly flop off the high board.