The AI sector has been on fire for three years, with shares like ChatGPT’s parent company soaring by 137%. But amidst the hype, some experts warn that quantum computing stocks are in bubble territory. While AI stocks may not be in bubble shape, specific areas of technology have flown too close to the sun after a recent period of abnormally high returns.
Quantum computing pure plays like IonQ, Rigetti Computing, and D-Wave Quantum have skyrocketed by over 1,000% since the dawn of the AI revolution. However, these gains have taken place mostly in 2025, with no significant technological breakthroughs or customer traction at the enterprise level.
The main catalyst behind the rise has been hype-driven narratives on social media, with risk-seeking day traders turning potential long-term opportunities into meme stocks. But history shows that valuations like these are unsustainable. The early days of the internet saw companies like eBay and Microsoft fetch premium valuations based on unrealistic forecasts, only to see those valuations collapse.
Experts warn that quantum computing pure plays are trading at valuation multiples much higher than what was common for dot-com era companies. Insiders at D-Wave and Rigetti have already begun selling shares, suggesting they expect the current trajectory of quantum computing stocks to be unsustainable. With this in mind, investors should beware of investing in IonQ, Rigetti, or D-Wave now, as their stocks are at risk of crashing in 2026.
Source: https://www.fool.com/investing/2025/12/08/prediction-the-quantum-computing-bubble-will-burst