Investors flocking to quantum computing stocks like IonQ, Rigetti, and D-Wave saw their shares skyrocket by as much as 6,217% over the past year. These companies’ potential for real-world applications has garnered significant attention, with some analysts predicting $450 billion to $850 billion in global economic value by 2040. However, insider buying and selling activity has raised red flags among investors.
A recent analysis of Form 4 filings reveals that insiders at these companies have sold approximately $615 million more of their own shares than they’ve purchased over the past year. This trend suggests that some insiders may be selling their holdings due to a lack of confidence in the company’s valuation or potential for growth.
Despite this, quantum computing stocks remain attractive to investors due to their potential use cases and investment opportunities. Companies like Amazon have already begun commercializing quantum computers, which has given users access to cutting-edge technology from IonQ, Rigetti, and D-Wave.
Investors should exercise caution when considering buying stock in IonQ or other quantum computing companies. The Motley Fool’s Stock Advisor analyst team has identified other stocks that may offer better investment opportunities in the coming years.
Source: https://www.nasdaq.com/articles/quantum-computing-stocks-ionq-rigetti-computing-and-d-wave-quantum-have-issued-cant-miss