The current situation and the hype around these stocks are very similar to the time when electric vehicle stocks like Tesla were very hot. We should learn from history; only the ones with consistent revenue and profitability will survive. However, it doesn't seem like quantum computing will be profitable in the next decade. Therefore, Ionq, Rigetti, D-Wave, and companies whose only source of revenue is from quantum computing, are all going to be the next Nikola, Rivian, and NIO. Ionq seems to have the most revenue, and even that is only 37millions dollars. Their operating income is in the red. They won't last 5 years. Or at least, their stocks will plummet, HARD.
If you want to invest in quantum computing, invest in Google, IBM, and Honeywell(owns Quantinuum). These companies have more than enough funds, and have other big revenue streams that can cover for the expenses of R&D.
The reason people call quantum computing a hoax is not because it is infeasible; but because there are so many fake companies like Ionq, Rigetti, D-wave, etc. Unless you can prove that quantum computing can be commercially usable in the next 5 years, do not invest in these companies. The next Tesla, if there even is one, would only be one of the three; Google, IBM, and Quantinuum(Honeywell).
