Quantum Computing Stocks Face Significant Downside Due to Overvaluation
Quantum computing stocks have surged in recent years, but their valuations may be unsustainable. Historically, when companies on the cutting edge of a new technology peak at high price-to-sales (P/S) ratios, they often experience significant declines. The current P/S ratios for pure-play quantum computing stocks are significantly higher than their historical counterparts. For example, IonQ’s … Read more